Policy adminstration

The use of predictive modeling is helping underwriters solve the pricing puzzle in the highly regulated, multi-dimensional workers' compensation environment.

Carriers need to maintain an investment strategy to be ready for business when the recession ends.

STONERIVER ADDS CAPABILITIES TO WORKERS' COMP SOLUTION

For the fourth year in a row, INN is proud to recognize female leaders paving the way for others in the insurance industry.

Also receiving recognition this year are four leaders who have successfully driven significant project and/or process improvements within their companies.

Innovation! What does it really mean to be innovative for an insurer? Does innovation deal mainly with insurance products or does it concern also processes? Are there external elements or factors that contribute to facilitate innovation? According to me, innovation relates to both products and processes:

CIGNA, FM Global and Tower Hill Companies are some of the insurers seeing recent ratings action from A.M. Best and Fitch.

WANTED Technologies forecasts a loss of 8,000 jobs in finance and insurance—much better than U.S. Bureau of Labor Statistics’ July report of 12,900.

A changing IT workforce continues to be a concern for the insurance industry. Could talent management software help insurers in their quest for tech-savvy IT workers?

Omaha-based Berkshire Hathaway Homestate Companies (BHHC), a group of six regional insurance carriers that are part of the Berkshire Hathaway Insurance Group, launched the second phase of its implementation of a policy administration solution from Duck Creek Technologies Inc., Bolivar, Mo. Phase I allowed BHHC to issue policies directly through the Duck Creek's system for workers' compensation business for more than 30 states. Phase II, which is currently underway, will allow BHHC to issue an array of commercial insurance line products including automobile, property, and general liability.

According to Stamford, Conn.-based Gartner Inc., picking the correct business focus is the most important first step to successful enterprise content management and information governance.

When I penned my recent rant on the inadvisability (at least at present) of SaaS for core systems in insurance, little did I know I would hear from some enthusiastic fans eager to sing the virtues of SaaS.

In the Twitter era, the ability of information or misinformation to spread rapidly poses operational risks for businesses, a new survey from Hartford, Conn.-based Travelers Cos. Inc. finds.

Oldwick, N.J.-based A.M. Best Co. has withdrawn several of its rating classifications for a raft of health insurance companies, saying it can no longer justify the ratings based solely on publicly available data.

What was positive in theory back in 1986 became a dark reality for health insurance policyholders. When the U.S. government first enacted the Consolidated Omnibus Budget Reconciliation Act (COBRA) legislation to help provide the unemployed with access for up to 18 months of continued medical insurance coverage, the premiums passed along to the unemployed were not discounted; in reality, they carried a 2% additional administrative fee. There were fewer unemployed then; compared to today’s unemployment rate of 9.7%, the average unemployment rate in 1986 was a paltry 7.0%, reports the U.S. Department of Labor’s Bureau of Labor Statistics.

Former New York State Insurance Commissioner was highly visible proponent of state regulation of insurance.

Insurers are interested in technologies that use GPS systems to monitor a car’s speed and force-quit the driver’s text messaging applications.

Drop in California's workers' compensation spending slows growth in national spending in 2007, study reports.

Nearly 60% of North American insurers plan on maintaining a budget at least consistent with 2008 spending, according to Forrester research.

State insurance commissioners suggest that reforms require everyone to purchase health insurance, much as states already require the purchase of auto insurance, but via the use of federal funding where appropriate.