Policy adminstration

Widespread droughts, flooding along the Mississippi River and deep freezes across the South combined to catalyze a record year for crop insurance claims.

Guidewire Software Inc. today announced it plans to raise $115 million in its initial public offering of 8.85 million shares of its common stock at a price to the public of $13.00 per share.

Systema Life Insurance Company has recently taken MphasiS-Wyde’s Wynsure live, letting it handle all aspects of policy administration and billing.

New Director of Regional Underwriting Operations Andrew McCray has also been appointed as VP of the company.

Policy Studies Inc. (PSI) has a new business process outsourcing (BPO) service to help address the requirements—and deadlines—for implementing health insurance exchanges and marketplaces, the company reports.

The soft market has persisted for so long it would be easy to see firming rates as a cure all for the industry’s economic woes. But, new report from KBW expects loss cost trends to negate any growth in premiums.

The aspirations of social media networks to glean larger profits from global user bases could intersect with insurers quest for expanded, universal outreach.

Life insurer moves to increase productivity through CRM, forms technology upgrades.

Overseas experience with Chubb and Chartis earns Jason Harris a C-suite with XL.

A two-year prediction of property/casualty insurers’ financials reveals marginal improvement.

BMCC Insurance won the Mercury Insurance 2011 California Agency sales contest.

Simon Turner resigns as director and CEO of Marketform Managing Agency Ltd. and director of Marketform Ltd.; John O’Neill takes over as interim CEO.

Summit Reinsurance Services, a managing underwriter working exclusively with Swiss Re Corporate Solutions, has hired Shaun Peterson as VP and lead reinsurance underwriter.

Patriot says 2011 was a year of growth in premium volume and revenue, providing a unique opportunity for expansion at the company's headquarters.

State Farm has made its Driver Feedback mobile app available on Android devices. This free app is designed to turn a person’s cell phone into a pocket-sized driving coach when placed in the car.

Insurance software provider joins Expedia, Netflix and RiskMetrics in receiving investment support from technology venture capital firm.

4 Insurers Make Fortune’s 100 Best Companies to Work For

Chartis to be reorganized into three major geographic areas: the Americas, Asia and EMEA.

The property/casualty industry is undergoing a radical shift in its ability to leverage its risk management efforts, thanks in large part to technology, according to a new report.

Insights from Novarica's Matt Josefowicz on technology trends for the upcoming year: social media, web-to-mobile transitions and those expensive core system modernizations.