Risk

Legal Solutions Suite purchased in an attempt to simplify billing and expense tracking, monitor outside counsel performance.

California leads states in QCs; suspicious loss of jewelry increased 86 percent.

Insurers can expect winter storm loss damages to return to normal after this weekend.

Analysis from HealthPocket Inc., a health insurance information site for consumers, shows that health insurers have some work to do in the areas of out-of-pocket expenses and transparency. The analysis indicates that 38 percent of plans did not disclose their deductible within its annual out-of-pocket limits, concealing the full amount a person could pay if the “Summary of Benefits” was not read carefully. Once these deductibles are factored in, many plans are not compliant with the Affordable Care Act (ACA).

Recent survey reveals cyber risks to be the biggest business concern; insurer develops mobile app in response.

Survey of life insurance CFOs finds few satisfied with speed, reliability; run-time requirements are highest priority.

iWorks Prophet purchased in an effort to centralize and standardize actuarial practices across business lines.

Insurer plans to use eRiskHub's cyber risk resource portal to evaluate data security risks.

PCI lists 21 states discussing legislation that would allow drivers to use electronic insurance IDs on smart devices.

One of the largest insurance agencies in Wisconsin grows with the acquisition of Burkart-Heisdorf.

Insurer working with Command Investigations, which will provide SIU, anti-fraud services and investigative services.

Novarica survey identifies longer-term threats and opportunities for both P&C and life/annuity insurers.

New flood maps and building codes are expected in less than two years.

Head of the agriculture unit at Munich Re cites drought as the biggest cause of losses in 2012.

After President Obama reintroduced Richard Cordray as the long-term head of the Consumer Finance Protection Bureau yesterday, many were still calling for restructuring.

IMF Report says mandatory reinsurance cessions regulations are protectionist, hinder market access and growth.

More natural peril events occurred in 2012, but the losses incurred were far below the record-highs established in 2011.

A day after the National Association of Insurance Commissioners announced former U.S. Sen. Ben Nelson (D-Neb.) will be the organization’s new CEO, several industry groups have commented on the appointment.

With climate change prompting a transformation, insurers will find opportunity to take on some risk in the energy sector, which will continue to be crucial in the world economy.

From 2008 to 2011, the number of questionable claims suspected of being part of an organized group or ring activity increased by 47 percent, according to the National Insurance Crime Bureau’s “Data Analytics Forecast Report.” However, that number of questionable claims with the OGA referral reason decreased markedly in 2011 and continued to fall in in the first half of 2012.