Policy adminstration

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.

The Senator's plan would establish a timeline for accelerating the development, adoption and implementation of a set of operating rules for each HIPAA transaction.

First-tier offering will expand to include customized, bundled products.

With 40 years of reliability, there may still be a place for mainframes in insurance IT shops.

Latest release of Sircon for Agencies and Brokers designed to deliver advanced reporting of agent credentials.

Agency chosen from among 2,000 entrants for its online efficacy.

J. David Daniel, a Louisiana independent insurance agent, was tapped to lead the national association.

Department of Health and Human Services allocates $25 million for medical liability pilot initiative.

A mid-year report from IBM confirms that the World Wide Web is a very insecure place.

AIG board puts kibosh on plans of new CEO to use company jet for personal use, Bloomberg says.

New report finds the industry spent $15.5 million lobbying Congress in the first half of 2009.