Data and information management

Senators expected to vote soon on measure that could restore funding for lapsed program.

Addition of business intelligence systems to Cover-All’s growing portfolio positions the company to deliver additional technology offerings to existing insurance customers of both companies.

In its first report profiling IT service vendors for the insurance industry, Boston-based insurance consultancy Celent concludes that the most successful partnerships insurers have with IT service vendors those that are not just about replacing staff or lowering costs. Though a cost-minded insurer may find significantly lower expense from a good relationship with an IT service vendor, many find these engagements save costs in one area while requiring unexpected expenditures in others. The best partnerships, Celent says, are those that are long-term, strategic engagements in which a vendor is leveraged to bring in new expertise, add both technology and domain knowledge to the business, and is relied on as a true partner.

Anomalously warm tropical sea surface temperatures in the Atlantic portend an active hurricane season according to forecasters at Colorado State University.

Brendan Voss will help establish new policies and procedures for the settlement of claims.

Messaging and e-mail are the best starting points for insurers, experts say.

S&P affirms AIG and CIGNA, while A.M. Best downgrades First Beacon Insurance Co. and affirms Securian Financial Group subsidiaries.

WebSearch, a component of DocuLex’s Archive Studio imaging software, now offers keyword search to help users determine market trends and make decisions.

Insurers should mandate risk management exercises be a part of every IT project.

House Financial Services Committee is tentatively considering addressing flood insurance later this month.

Study shows data needs better protection; insurers require more training and IT participation when evaluating cloud computing.

The most talked-about provisions of both the House and Senate bills would give regulators powers they already have and, so far, have largely ignored.

Association says flexible approach suggested by European regulators augurs well for U.S. insurers.

Gartner lists technologies that will challenge business processes, support new business models and drive revenue growth.

Two senators warn of impending disaster, but some seem to think the threat is overblown.

Imperva’s PartnerSphere received 5-Star recognition in Everything Channel’s 2010 Partner Program Guide.

Zurich’s free Web-based program is designed to help companies recognize emerging business risks, and provide recommendations for strategic solutions.

The company will host a worldwide discussion with participants from across the globe joining in on Blackberrys and iPhones.

Verizon and IBM have expanded their relationship to deliver Managed Data Vault—a new private cloud service.

A data-centric approach to the claims process can deliver significant savings in payouts for property/casualty insurers.