Risk

Insurance Information Act Presses On The controversial effort to establish a federal insurance advisory clears a legislative hurdle.

Expanded Role for RRGs Elicits Concern Insurers raise hackles as the Increasing Insurance Coverage Options for Consumers Act moves out of committee.

Celent: Insurers Can Improve the State Filing Process Insurers take action to improve their state filing process, and technology is a key contributor.

The action was taken in response to emerging concerns expressed by state regulators and The Securities & Insurance Licensing Association (SILA) advisory board members regarding the potential for conflict of interest between Kaplan and SILA.

Of the top 10 tornado-prone areas, RiskMeter's technology model identifies five from Florida.

Common reference model for straight-through processing provides a framework for implementation of standards to streamline annuity processing.

The National Conference of Insurance Legislators is looking to derail the establishment of a federal insurance office.

The legislation would offer local governments grants to enhance building codes.

In his new position, Scott Stephenson will be responsible for ISO’s subsidiaries focused on decision analytics, and will continue to oversee ISO’s Business Development and Enterprise Data Management units.

A new study finds enterprise risk management (ERM) is being taking seriously in boardrooms, but is still is underutilized across the enterprise.

The National Insurance Crime Bureau’s VINCheck Web site is designed to enable consumers to check vehicles for reports of severe damage, flood or theft.

COMMERCIAL FIRE RISK PROBABILITY MODEL

JEVCO INSURANCE GOES LIVE WITH POINT-OF-SALE PORTAL

According to recent survey results, many insurers recognize the need to better integrate IT risk management with overall risk management programs and processes.

P&C insurers turn to geographic information systems (GIS) to augment computer-based catastrophe models, help mitigate weather-related losses.

As market conduct examinations become more strenuous, insurers look to technology to manage complex requirements.

Aon's RiskConsole offers a new environmental module that provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process.

The law would stiffen punishment for securities law violations targeting senior citizens.

Boston — As the hurricane season begins, statistics and research indicate catastrophes and their repercussions should be top of mind for insurers. A report recently completed by Boston-based catastrophe risk modeling firm AIR Worldwide Corp. estimates that over the past three years the insured value of properties in coastal areas of the continued to grow at a compound annual growth rate of just over 7%. Despite the recent weakening of the real estate market in many areas, the insured value-or the cost to rebuild properties-has maintained an annual growth rate that will lead to a doubling of the total value every decade.

The platform is designed to provide a transparent view of the sensitivities a risk position has to individual perils and its correlations to other positions.