Policy adminstration

A Treasury Department spokeswoman says that the agency has given regulators until Jan. 15 to finish processing any remaining holding applications for non-banks seeking government capital.

The firm estimates that reinsurers will enter 2009 with 15% to 20% less economic capital than in 2008.

The financial crisis for the life and annuity industry began in earnest in the fourth quarter of 2008, but what does the future hold?

Company closures, layoffs, cost cutting, outsourcing and retirees who have had to return to the job market because of investment portfolio losses have combined to make it hard on today’s IT professionals.

Allianz says the long-term demand for retirement services is strong despite the current economic climate.

The insurer’s use of technology to track customer experience garners honors for excellence in insurance operations.

House Financial Services Committee Chairman Barney Frank says his bill would require the Treasury Department to use the money for foreclosure relief, institute lending requirements for banks that receive capital from the program and strengthen executive compensation requirements.

Mike Martin had been XL Insurance's property underwriting manager for the Southeast region of the United States and Latin America.

The insurance exchange says that rates may increase in a year.

The insurer appointed Russell Johnston president and CEO of AIG Environmental, one of the largest pollution liability insurance providers.

The organizations will demonstrate ways to implement the 5010 HIPAA transaction standards through existing testing tools, best practices and public-private collaborations that are already broadly recognized within the healthcare industry.

In a collection of essays, actuaries ponder the role of risk management in the financial crisis.

Spun off from Fiserv, the well-known insurance tech giant will take the name StoneRiver—a brand signifying “strength and transformation,” and akin to its adoptive parents, Stone Point Capital LLC.

John Siciliano will be responsible for all activities of the company's external asset management business.

The technology giant says the addition of ILOG’s business rule management system will provide another dimension of leadership to its BPM portfolio.

The industry won't be without challenges, maintains Willis, as access to new capital in 2009 will become more difficult and expensive because of the current economic climate.

American Council of Life Insurers (ACLI) proposed a plan to the National Association of Insurance Commissioners (NAIC) to loosen capital requirements to help life insurers meet required reserve levels amid falling stock prices and a worsening economic climate.

Despite last year’s variable annuity sales drop off, experts believe they should rebound along with the stock market.

Insurer focuses on long-term reliability in erratic markets.

Insurer targets unemployed with its health insurance guidance.