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Washington, D.C .- The Securities and Exchange Commission furthered its eXtensible business reporting language (XBLR) initiative this week with the launch of its “Financial Explorer” on the SEC Web site.
February 15 -
Though 43% of recently surveyed European insurers expect compliance to cost them less than 5 million, they believe that many of their core risk management capabilities need to be enhanced.
February 14
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Carriers find their enterprise risk management (ERM) capabilities are no longer a purely internal matter as their organizations come under increased scrutiny by regulators and raters.
February 13
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The insurance industry is partnering with academia in the use of some rather unique efforts to actively address the anticipated shortage of IT talent.
February 12
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Turnersville, N.J. — The Computer Measurement Group (CMG), a not-for-profit worldwide organization of IT professionals committed to ensuring the efficiency and scalability of IT service delivery to the enterprise through measurement, quantitative analysis and modeling, is making its conference proceedings from 1997 through 2005 available to the public.
February 12 -
Seattle — In recent years, increasing attention has been paid to the role of lifestyle-based analytics (LBA) in health insurance underwriting, according to Seattle-based actuarial and consulting firm Milliman Inc. In some instances, proponents of LBA made overly optimistic claims about the use of consumer data as a predictor in the underwriting process. Milliman's Jonathan Shreve, author of the white paper “Lifestyle-based Analytics: A Practical Guide”, examined the appropriate and effective use of LBA as an advance in risk selection and classification.
February 11 -
Kansas City – The National Association of Insurance Commissioners (NAIC) has launched a public database containing the regulatory status of certain insurer-owned securities. The database is intended to assist market participants that advise insurance companies and investment professionals working for insurance companies. The tool shows whether a publicly rated security is subject to regulatory guidance other than as indicated by its credit rating assigned by one or more public rating organizations.
February 8 -
Mobile units enable insurers to provide immediate lines of aid to those affected by recent tornadoes.
February 7
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A pair of reports detail what the year ahead has in store for the insurance industry.
February 7
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Competitors from unlikely verticals, a reduction in IT staff, and the ability to clean up data stores and use them to garner business intelligence are but some of the challenges insurers will face through the year 2012.
February 6
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Alpharetta, Ga. – ChoicePoint has resumed its acquiring ways by snapping up Optimal Decisions Group (ODG), an Australian firm that develops analytics and software for the insurance industry.
February 5 -
Washington – A recent report by the Government Accountability Office (GAO) suggests that insurers should make a broader swath of claims data available to Federal Emergency Management Agency (FEMA) regulators. The suggestion arises in the wake of questions prompted by Hurricane Katrina concerning the responsibility for damages and later allegations that insurers misrepresented wind damage in claims to the National Flood Insurance Program (NFIP) in order to limit their financial losses after the storm.
February 5 -
PREFERRED HEALTH CHOOSES SALES AUTOMATION SYSTEM
February 1 -
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Peoria Heights, Ill. — Pearl Dental Insurance recently launched a new Web site that provides an immediate, online quote rating engine for insurance brokers and dental plan prospects living in most states.
February 1 -
Hillsdale, N.J. — Despite the ongoing crisis in the real estate industry, MyClosingSPACE.com is making its debut in New York, offering residents across the state the ability to purchase title insurance and mortgage closing services directly online.
January 31 -
Researchers say India is only just beginning to tap its enormous potential, and stands poised to become a giant in the world economy, with its insurance industry playing a part.
January 31
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Denver – The Colorado House of Representatives defeated H.B. 1143, a proposal to ban the use of credit-based insurance scores. The bill was narrowly voted out of the House Business and Labor Affairs Committee last week by a vote of 6-5.
January 31 -
Hardware-centric HP buys enterprise software provider Exstream in order to push into the variable data publishing arena.
January 31
