Data security

The NICB Board elected Joseph Wehrle, Jr. to succeed Robert Bryant as president and CEO, effective at the close of business, September 2, 2008.

To maintain vigilance, information security officers need to combine technological savvy with knowledge of the business.

Survey of reinsurers confirms that property catastrophe data integrity impacts reinsurance pricing, and predicts that implementing world-class data quality controls and management practices has the potential to create a win-win for all parties.

When asked, "What is the top issue facing the insurance industry?," 44% of survey respondents chose competitive price/adequate profitability.

Swiss Re contends a country risk officer, comparable to the role of a chief risk officer, is a useful model to develop an integrated perspective across the social, economic and environmental risks of a country.

Designed specifically for insurers, the tool provides assessment of likely tropical cyclone impact.

Sacramento, Calif. – Julie Davis believes that women working in insurance have the unique skill sets and innovative ideas that are keys to reforming the industry, and that risk-taking in bringing forth these innovations should be rewarded. The problem, Davis said, is that risk-taking is something women tend to avoid in the insurance industry.

Hartford, Conn., - Information sharing among Internet users via Web-based communities such as social-networking sites is apparently becoming a real liability threat for many organizations.

Tool helps underwriters to quickly assess risks globally.

The MIB Life Index reports that North American application activity for individually underwritten life insurance was down last mont, off -0.2% year-over-year.

New research finds that incorporating analytics into governance, risk management and compliance (GRC) initiatives offers organizations the opportunity to capitalize on improved operational efficiencies.

The planned acquisition of AIX Holdings follows two other acquisitions The Hanover has made in recent months to build out its product and service capabilities for its agent partners.

Washington - The National Oceanic and Atmospheric Administration (NOAA) offered some dire predictions today, stating that the Atlantic hurricane season will be more active than forecasters first predicted, with up to 10 hurricanes expected to form.

Based on their banking colleagues experiences with the implementation of the Basel II accord, Aon recommends European insurers ready themselves for Solvency II long before 2012.

The transition to the global use of International Financial Reporting Standards (IFRS) may create dramatic change in insurance products, investment strategies, risk management and M&A activities.

Leasing Equipment Answer Capital Preservation

The Chicago-based insurer issued a client bulletin to provide healthcare managers with risk management guidance on responding to serious medical errors.

Travelers, Nationwide, The Big I and The Council are fostering a comprehensive, private-market approach to improve the affordability and availability of coastal wind storm insurance for homeowners.

Stamford, Conn.-based professional services firm Towers Perrin is looking for data submissions for its 2008 Directors and Officers (D&O) Liability Survey, which chronicles D&O liability insurance purchasing trends.

Expanded Role for RRGs Elicits Concern Insurers raise hackles as the Increasing Insurance Coverage Options for Consumers Act moves out of committee.