Policy adminstration

Feds say scheme included falsely inflating AIG’s reported loss reserves, a key indicator of financial health to insurance industry analysts and investors.

BCBS of Minnesota named Jay Levine CIO, while Colleen Connors was named SVP, human resources and facilities.

The New York State Insurance Commissioner believes several agencies could each oversee a portion of the derivatives market.

The insurer’s liability for asbestos-related claims gets a hearing at the highest level.

John McCarthy will be responsible for leading Guardian's recruitment, retention, training and development, benefits and compensation, performance management and employee relations.

Munich Re and Risk Management Solutions (RMS) seek to identify and pursue shared research priorities for new and emerging sources of risk, as well as risk areas that continue to present challenges in modeling.

Shares of the U.S. health insurer rose 7.2% after it affirmed its 2008 forecast.

A recent story from DM Review highlights the myriad uses of predictive analytics for businesses, paying special attention to the needs of the insurance industry.

Retailers and hotels ended in the top spots of Forrester’s Customer Experience Index for all categories, while medical insurers and TV service providers ended up at the bottom.

AEGON also has withdrawn its application to the Office of Thrift Supervision to gain a thrift charter, a prerequisite for participation in TARP.

New York — Massachusetts Financial Services Co. (MFS) says that, so far this year, gross sales in its bank trust channel have increased 30% from a year earlier. A company executive says he thinks the Boston investment management company will be able to match that performance in the channel next year, even while it struggles with overall losses.

The carrier hopes to achieve speed-to-market gains by being able to implement rule changes that govern certain underwriting processes in days or real time.

The goal of the partnerships is to enhance its business intelligence and integration solutions and increase its breadth of expertise and specialized knowledge, says the company.

The vendor undertook the SAS 70 as a commitment to insurers and in-house corporate legal departments, which expect operational and data safeguards to extend beyond the confines of the data center.

Implementation will start with workers’ comp lines, followed by commercial property lines.

As documented in a recent report, more than half of states score seven or lower out of 10 on key indicators that assess health emergency preparedness.

The open meeting will enable comment on proposed plan to regulate annuities as securities.

Senate Finance Committee releases draft of proposed changes to the tax code.

According to an Exigen Insurance Solutions survey, insurers cite systems technology as the biggest barrier to implementing pay-as-you-drive insurance.

The Depository Trust & Clearing Corp. (DTCC) is allowing investment managers who oversee separately managed account (SMA) programs to access its Fund-Serv mutual fund processing platform.