Core systems

Attorney General of the State of New York sends a letter to AIG CEO stating that the insurer take action on exec payments.

Kaiser Permanente announced it has 22 hospitals, serving 4.8 million members, using electronic health records (EHR).

Aetna members will be able to log into their Aetna PHR and transfer information to a new HealthVault account.

Survey results from Fiserv Insurance Solutions also reveal that the top three most important technologies for insurers are service-oriented architecture, business process management and data accessibility layer technology.

After a trying third-quarter for the industry, insurers need to contemplate their risk management culture.

Insurance.com’s RateWatch for Car Insurance found that the lowest car insurance quotes, on average, were up 3% over the previous quarter.

If the stock market doesn’t recover from steep losses precipitated in recent weeks, the surplus decline could approach $80 billion, or 15%, by the end of the year, according to global professional services firm Towers Perrin.

The Annual State of the Market Report included a new feature this year, a compilation of organizations that excelled at providing value to the business community.

The majority PricewaterhouseCoopers' survey respondents said they could do more to reduce the chance of future industry instability. However, the survey also revealed a desire for greater transparency to accurately measure exposure to risk.

Insurers have until November to weigh in on proposed annuities changes.

A letter to the SEC chairman says calls to suspend fair value accounting are misguided.

ImageRight credits quick implementation and ROI as factors influencing its latest wins.

Bank holding companies see increase in insurance revenue.

Rater says balance sheet issues to become more acute.

An agreement with New York Attorney General addresses the issue of executive compensation.

ACORD, the insurance standards body, contends brokers and supervisors can advance their new solvency regime efforts by utilizing existing standards for data and information flow, internally and externally.

New York's Attorney General is investigating what he contends is "unwarranted and outrageous" spending by AIG in the face of the government's $123 billion bailout.

In a letter to the new CEO, the former CEO says the current bailout terms will force a fire sale and sink the company.

Slow but moving forward, insurers’ IT plans are based more on operational effectiveness and support for growth than on a weak economy, says Novarica.

Participants say the initiative will provide significant improvements for insurers using ACORD standards.