Policy adminstration

Association cheers legal ruling in Michigan.

The National Association of Insurance Commissioners (NAIC) is denouncing marketing efforts by insurance companies aimed at shifting the debate over Medicare Advantage.

iPipeline, www.iPipeline.com a provider of on-demand software that supports marketing, selling, and processing solutions for insurance carriers, distributors and producers, announced the release of its Illustration Suite powered by COSS. The release, made available September 1st, provides agents with improved selling power through new needs analysis and advanced sales concepts and application enhancements. Top carriers and their distributors and agents rely on iPipeline’s Illustration Suite for its power, ease of use and simplicity in comparison to competitor products that are typically complex and difficult to use. Illustration Suite integrates with iGO e-App, an intelligent fillable form, for the seamless transfer of information to accelerate the application process.

The online service launches health insurance Web site for university students.

The Profit Sharing/401k Council of America honored MassMutual for sponsoring a two-part documentary on the retirement challenges facing Americans.

The Independent Insurance Agents & Brokers of America of New Jersey is recognized for its contributions to education.

Testifying before the House Small Business Committee, J. Douglas Robinson, chairman and CEO of Utica, N.Y.-based Utica National Insurance Group, said efforts to rein in the excesses of Wall Street firms might adversely impact smaller insurance companies.

Insurance IT Budgets: It’s a tricky time for those who must make plans for next year, but where should insurers draw the line between caution and boldness?

While endorsements of an optional federal charter for insurers were easy to come by during the previous administration, the Obama administration has largely avoided offering an opinion on the controversial issue.

Photos from INN’s Women in Insurance Leadership Forum.

Now’s the time for life insurers to target consumers, as Americans show increased interest in financial protection, according to surveys.

Association says their proposal offers a more comprehensive solution to cross-border reinsurance transactions.

While the universe of financial services regulation is in flux, one key component, a proposed consumer financial protection agency (CFPA), is taking shape. The CFPA will have a mandate to set rules governing all financial institutions,

StoneRiver, a provider of technology and strategic solutions for the insurance industry, announced the recipients of the Excel Awards during their annual Client Conference, being held this week at Lowe’s Portofino Bay Hotel in Orlando, Florida. In recognition of their unique innovation and leadership, nine clients were honored for their accomplishments with awards in five categories.

StoneRiver, a provider of technology and strategic solutions for the insurance industry, announced the recipients of the Excel Awards during their annual Client Conference, being held this week at Lowe’s Portofino Bay Hotel in Orlando, Florida. In recognition of their unique innovation and leadership, nine clients were honored for their accomplishments with awards in five categories.

Members of the National Association of Insurance Commissioners (NAIC) (www.naic.org) passed legislation today that adds changes to the Standard Valuation Model Law. When enacted by state legislatures, the changes, addressed at the Executive/Plenary session of NAIC’s Fall national meeting in National Harbor, Md., are designed to improve the way life insurers calculate the reserves held to protect consumer’s financial interests in insurance products, says the organization.

Productivity and cost control lead the list of key challenges; business intelligence, meanwhile, tops the list of application and technology priorities.

Vice President Joe Biden faced a standing-room-only audience yesterday at a meeting of the National Association of Insurance Commissioners (NAIC), where he discussed the Administration’s health care proposal and the need to create a level playing field in the insurance industry. Biden was invited to speak at the NAIC Fall meeting in National Harbor, Md., where he told members that the reform health care would not impact health insurers’ competitive set. “I want insurance companies to make money,” he said.

Federal and state authorities have a bone to pick with rating agencies, and insurers could feel the effect.

Insurers should think less about functions and the data itself, and focus instead on processes.