Data security

When the country’s second-largest health insurance company is hacked leaving the personal information of 80 million people vulnerable to identity theft, it’s a watershed moment that cannot be ignored. There is no doubt that this data breach is a wake-up call for a healthcare industry that is lacking when it comes to information security.

The specialty insurer has established a group for catastrophe engineering and analytics, under the leadership of a former AIR Worldwide executive.

Financial losses due to insurance fraud cost U.S. insurers at least $80 billion a year, according to the Coalition Against Insurance Fraud, an association of industry, government and consumer organizations. The human cost, in terms of suffering and loss of life, is sky high as well. In an effort to dramatize the scope and depth of the problem, the coalition has singled out what it dubs the worst instances of insurance fraud in 2014. While these seven cases may not be the biggest in terms of total dollars involved, they are remarkable for the brazenness of the crimes and the viciousness of the perpetrators.

Deloitte’s Sam Friedman suggests the industry can use its influence to impact the national agenda.

In what has become a buyer’s market, underwriters must get creative to maintain their profitability.

Dan Daniel will serve as Crawford’s VP of catastrophe services, focusing on strategic growth and service delivery.

The consulting company acquired the P&C insurance actuarial service to boost its counsel and enhance its advisory services.

Rick Roberts, director of risk management for Ensign-Bickford, has served on the nonprofit’s board for seven years.

INN and Celent recognized the insurance industry’s most innovative solution providers and carriers at our eighth annual awards ceremony in New Orleans.

New offerings target MGAs, TPAs, workers comp, self-insureds and mutual carriers

J.D. Power and RIMS report that large business commercial insurance customers are most satisfied when insurers and brokers deliver on customer service, price and claims.

Joseph Murphy will take the reins of the malpractice insurers’ underwriting and risk management operations.

Return, risk and regulatory pressures require radical re-thinking of portfolio management operations, according to a report from Celent.

To achieve meaningful benefits, first address the business priorities of the combined entity before merging technologies and systems.

Firm claims that using the application, some clients have experienced as much as 10-to-one returns.

Don Culpepper, risk management consultant for Fireman’s Fund, discusses insurance applications for the Internet of Things.

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

Global costs from natural catastrophes were $125 billion in 2013, including $31 billion in insured losses, a number that is expected to increase.

Effisoft’s WebXL reporting tools provide stronger controls and dramatic productivity gains.

Combining Perspecsys Cloud Data Protection and ClaimVantage Claims Processing provides insurers with a secure infrastructure for claims automation.