Policy adminstration

At January 1 renewals, marine endures its worst year in recent history, reports Willis Re.

Robert Benmosche, president and CEO, AIG, will be honored at the June 17 gala dinner in conjunction with the International Insurance Society's 49th Annual Seminar.

Net income for P&C insurers in the United States more than doubled during the first three quarters of 2012, increasing to $31.2 billion from $12.3 billion for the same period last year, as a result of improved underwriting results, according to “U.S. P/C Net Income Improves in 3rd Qtr; Sandy’s Impact Yet to be Realized,” a special report from an A.M. Best Co.

CNA sells SUR Insurance Agency Inc., The Bond Exchange to California Contractors.

Cloud, customer experience and analytics will dominate IT budgets in 2013, analysts predict.

EMCO Software, a provider of PC power management solutions, has released a new version of its EMCO Remote Shutdown software, compatible with Windows 8 and Windows Server 2012. EMCO Remote Shutdown is an automatic shutdown and Wake-on-LAN utility for Windows, designed to turn on and off remote PCs across a local network.

This compilation of the top slideshows of 2012 is based on pageviews and represents the biggest topics and trends from the past 12 months.

American Equity Investment Life Holding Company, an underwriter of index and fixed rate annuities, announced the appointment of William Kunkel as its EVP – Legal and General Counsel.

BluePhoenix, a provider of tools and services for modernizing legacy systems and applications has partnered with WAZ Informatique Inc., a provider of information technology consulting services. The partnership will deliver legacy modernization solutions for several large Canadian clients. BluePhoenix solutions convert legacy mainframe applications to modern, open standard platforms.

Well ahead of superstorm Sandy’s wrath, private U.S. property/casualty insurers' net income after taxes grew to $27 billion in the first nine-months of 2012 from $8.4 billion in the same nine-months of 2011, with insurers' overall profitability, measured by their annualized rate of return on average policyholders' surplus, climbing to 6.3 percent from 2 percent. This is further validation that the property/casualty industry is prepared to deal with Sandy-related losses.

INN’s top videos list is based on views and contains must-know information from some of the most forward-thinking voices in the industry.

Several insurers across both property/casualty and life insurance sectors received patents in the past weeks for their technology and process innovations.

As the rubble settles along the U.S. Northeastern coastline devastated by superstorm Sandy, insurers are offering initial estimates of its losses. Sandy, a deadly 1,000-mile wide storm that took the lives of 132 people as it swept up the Northeastern seaboard in late October, is expected to cost insurers up to $25 billion in total losses. By these estimates Sandy is being classified as the second-costliest storm after hurricane Katrina in 2005.

Mobile Rhino, a program managed by Stuckey & Company specialty insurance broker, has launched a free mobile app that offers a six-point protection plan that covers loss, theft and digital life protection for ID theft and personal privacy. The plan is designed to cover more common issues such as accidental damage, electrical and mechanical malfunctions as well. The insurance plan covers all generations of iPhones and iPads, with future expansion to offer coverage of other smartphones and devices, such as Android.

Genworth won a 2012 Life Insurance Service Award from DALBAR a financial services market research and consulting firm, for the second consecutive year. The award is based on systematic testing of customer service throughout the year.

AIG's business and IT leaders worked closely together to return the carrier to profitability.

As New Year’s Day approaches, the National Transportation Safety Board and AAA show support for all laws requiring ignition interlock devices after first DUI offenses.

CNA Financial announced the retirement of Peter Wilson, president and COO of CNA Specialty, a $2.9 billion business unit. Succeeding Wilson is Mark Herman, who has more than 25 years in the industry. Wilson’s retirement is effective Dec. 31, 2012.

Avoiding a "BPM by Post-it note" strategy is necessary if initiatives are going to do what they're supposed to.

According to a new report from Celent, addressing legacy IT environments will become the cost of staying in business.