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Willis report finds weak economy, low underwriting losses and abundant capacity create mix of rates for commercial P&C carriers.
October 11 -
Claims system upgrades can be as frustrating to integrate with legacy systems as they are exciting to purchase.
October 11
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Strong third quarter earnings from P&C insurers is expected by Keefe, Bruyette & Woods.
October 10 -
Despite the fact that social capabilities have been talked about for years, many companies struggle with enterprise integration.
October 10
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Allianz survey finds those ages 55 to 65 most concerned about rising healthcare costs and Social Security, regardless of political affiliations.
October 10 -
New Report-a-Birth function is designed to make it easier for the mothers of newborns to activate disability coverages.
October 10 -
Newly formed Global Federation of Insurance Associations will comment on issues affecting the global insurance industry and its regulation.
October 9 -
Agreement to give Principal larger presence in fast-growing, emerging markets.
October 9 -
Over the past five years, commercial auto insurance has experienced the most consistent underwriting results compared to other commercial lines and has generated better results than personal auto, despite the difference in the sizes of the markets, according to a new report from Fitch Ratings. Allstate Corp., Erie Insurance Group and Progressive have the strongest commercial auto underwriting margin over the last five years.
October 9 -
UnitedHealth Group Inc., the biggest U.S. health insurance company, agreed to pay about $4.9 billion to buy 90 percent of Amil Participacoes SA, a Brazil-based insurer and hospital chain that gives the American company a stake in the worlds second-biggest emerging economy.
October 9 -
Funds to help improve technology and teaching in computer information sciences.
October 5 -
Steve Thiel has been named as VP of actuarial reporting and analysis for Allianz Life Insurance Company of North America. Thiel will be responsible for reporting actuarial balances while analyzing the companys financial performance, and will oversee delivery of projects that drive financial stability and serve as valuation actuary to provide an ongoing assessment about the companys assets. He will report to Neil McKay, SVP and chief actuary.
October 5 -
Insurer deploys the Toughbook mobile computers in all 50 states, enabling appraisers to write estimates on site and upload reports.
October 5 -
David Blumer, Swiss Re's Chief Investment Officer has decided to leave the company, effective Nov. 1, 2012, according to the companys board of directors. A successor has not been announced.
October 5 -
The U.S. property and casualty sector’s profits got a boost in the first half of 2012, largely as a result of underwriting improvements resulting from a quiet catastrophe year to date. According to ISO, a Verisk Analytics company, and the Property Casualty Insurers Association of America (PCI), private U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011. Measuring insurers’ overall profitability as an annualized rate of return, policyholders’ surplus on average climbed to 5.9 from 1.7 percent.
October 4 -
Forecasted savings reached by 90 percent that adopt cloud technology.
October 4 -
Partnership to develop insurance solutions in the cloud.
October 4 -
More than half of U.S. insurers surveyed expect rise in personal property, workers' compensation and auto insurance fraud losses.
October 4 -
New release to improve user interface and experience, implementation efficiency and maintenance.
October 4 -
Bob Cohen to lead efforts to expand State Autos commercial lines book of business.
October 4