Policy adminstration

After reporting a $2.4 billion net loss for the third quarter, Chartis, flagship property/casualty insurance arm of American International Group (AIG), says it plans to downsize two percent of its workforce.

Many employers are still undecided on what to do, according to a Willis Group Holdings study.

A new Celent report profiles 28 vendors serving Europe, the Middle East and Africa, noting that cost isn’t most important issue for insurers.

Complexity, timeliness, effective teamwork, risk mitigation, cost management and delivery—all aided by using a checklist.

The transaction is slated to close in late-2010 or early-2011, subject to customary approvals.

IT is now called upon to play a more proactive role to help insurers advance in a new globalized, hyper-competitive environment.

A.M. Best, Fitch Ratings, Moody’s Investors Service and Standard & Poor's announced ratings updates. The following are some of the most recent:

Insurer Health Net is fined $375,000 following a large breach of personal health information in late 2009.

Report says weak pricing environment may become the “new normal.”

Women in Insurance Leadership Honoree Susan Gueli, SVP & CIO of Nationwide Financial Services, provides some helpful career advice to young women entering the insurance industry.

A new AAA study reveals 10% of motorists admit to having fallen asleep while driving in the past year.

New Novarica report says issues around data quality and core system integration are primary challenges to use of business intelligence by insurers.

Insurer recognized for piloting use of a walking workstation at its customer service center that integrates a computer and phone with a treadmill.

New app to enable users to get quick quotes, connect with customer service reps or get glance-and-go updates on claims and payments.

Company-sponsored research shows user carbon emissions cut by at least 30%.

The senator feels there is further work to be done on GSE Reform and legislation regarding "Too Big To Fail."

Sid Sankaran will play a part in AIG’s goal of re-establishing itself as a world-class insurance organization, according to CEO Robert Benmosche.

Standard designed to provide insurers with guidance on organizational governance; environment; and community involvement and development.

Executives from Allianz Life, MassMutual, State Farm are a few of the newly elected to the LL Global board of directors.

In its fourth annual program, INN honors nine insurers for core systems, customer service and enterprise systems innovations.