Core systems

Paulson reportedly ended his investment by Sept. 30; Genworth has declined 40 percent since reporting a third-quarter loss of $844 million on November 5.

AIG’s largest shareholder before the bailout, claims shareholders were cheated in the deal by the 14 percent interest paid on the loan and a requirement to surrender 80 percent of the company’s equity.

The board voted for the loan deal after exhausting private- sector lifeline possibilities that included discussions with Warren Buffett, Jay Fishman of Travelers Cos. and J.C. Flowers & Co., Willumstad said.

The stock dropped 35 percent, erasing more than $2 billion of shareholder value.

P&C rates increased 1 percent, while personal lines were up 3 percent in October.

The Insurance Institute for Highway Safety finds the Honda Accord and Toyota Camry to be among those cars that are the safest and most-affordable options for teen drivers.

Transformational effort includes document management and analytics initiatives to improve efficiencies and customer experience.

IT organizations still years away from essential data management and analytics capabilities.

Insurer will roll out UBI analytics applications and use a national data set to offer discounts to insureds in six states.

The council today also heard a presentation from the Commodity Futures Trading Commission on activity in the Treasury futures market the morning of Oct. 15, the Treasury Department said in a statement.

Integrate product is intended to help life insurers with the automation and governance of actuarial modeling and reporting.

Subsidiaries American Life Insurance Co. and Delaware American Life Insurance Co., solicited business in New York without a license and made misrepresentations to the state watchdog, according to the Department of Financial Services.

By outsourcing, the insurer expects to improve customer experience while reducing costs.

Claims transformation effort includes document management and analytics initiatives to improve integrations, efficiencies and customer experience.

Selection made following a two year due diligence and interview process.

LeapFrog’s investors are using the firm both to generate returns and to gain insight into African markets and companies.

Canada’s third-largest auto insurer enters five-year agreement for UBI and insurance telematics technology and services.

Q3 net income climbed 0.6 percent to $706 million, or $1.56 a share, from $702 million, or $1.50, a year earlier.

Q3 earnings per share, excluding one-time items, were $2.36, WellPoint said, beating analyst estimates.

U.S.' second largest life insurer 'well equipped' to take on longevity risk