Data and information management

Distracted driving is quickly rocketing up the ranks of risks for insurers. Coming on the heels of a Chubb study last week that found motorists are in favor of banning cell phone use while driving, the Property Casualty Insurers Association of America (PCI) today reinforced the popular sentiment that the issue of distracted driving absolutely must be addressed on multiple fronts, including:

Disclosure of risk related to AIG’s portfolio of credit default swaps and securities lending program the focus of class-action suit.

Sonoma Risk Insurance Agency recently announced the distribution of contract litigation insurance in Illinois. The policy is underwritten by Zurich in North America, and is intended to help protect plaintiffs and defendants from having to pay their adversary’s attorneys’ fees should they lose their contract case. Arthur J. Gallagher Risk Management Services, Inc. is the preferred distributor in the state of Illinois, Sonoma Risk says.

Devices will develop analytic methods for personal and commercial auto insurance.

Chubb survey finds more than half of U.S. motorists say they have used a cell phone while driving, but 90% say it should be illegal to do so.

House vote grants one more year for cash-strapped program.

ISO plans to develop a behavior database to aid underwriting decisions, but it’s important to remember that correlation does not necessarily equal causation.

The typically soft-spoken Alabama Republican told reporters "there's no question" he will be elected chairman by the Republican Steering Committee.

Amica Life, Allianz among companies recognized by StoneRiver

A difficult economy and poor customer service may encourage fraud, according to a new Accenture survey.

New report surveys efforts to draft specific rules for the insurance industry.

Convention brings word of new product releases of Oracle Documaker and Oracle Insurance Insight 7.0.

With eight days to go before it expires, the bill now awaits passage from the House.

New report reviews solution providers as response to insurance agents’ demands for technology solutions that make it easier to do business.

The Silverlake Forms Development Environment enables users to create or edit a form once using a WYSIWYG designer and output into multiple formats.

Fitch and S&P affirm ACE Ltd. ratings, A.M. Best downgrades Farmers’ Mutual Insurance, S&P lowers ING’s U.S. subsidiaries.

Insurers should look at six key areas going forward to develop a competitive advantage.

Advancements in health care analytics could mean big changes for insurers.

Zurich shares key lessons from losses over past 10 years; loss mitigation practices.

Personal and Commercial Lines Interface Leadership awards were presented during ASCnet’s 2010 TENCon event; Allied Insurance and Chubb won Innovation Interface Leadership Awards.