Risk

Because insurance regulation rests primarily with states, the federal government can’t commit to fully implement international agreements on insurance regulation.

Industry groups sought legal protections that would encourage information sharing to help prevent increasingly damaging cyber-attacks.

The agreement combines IBM's knowledge of IT security with Swiss Re Corporate Solutions' underwriting experience, the companies said.

Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

The computer security industry is eating humble pie at this week's RSA Security Conference in San Francisco. Amid continued cybersecurity break-ins and a growing threat landscape, here are five key IT security and data protection trends emerging at the conference.

The National Association of Insurance Commissioners has announced its Principles for Effective Cybersecurity Insurance Regulatory Guidance, which direct insurers, producers, and other players in the insurance ecosystem to to join forces in identifying risks and adopting practical solutions to protect consumers' sensitive information.

The Federal Reserve would be at the helm of a reorganized regulatory system that eliminates the Office of the Comptroller of the Currency and combines other agencies under the plan released Monday.

The insurer will use the Lytx DriveCam Program, which combines video with predictive analytics, real-time driver feedback and coaching, to reduce injuries and identify and correct driving behaviors that could lead to collisions.

With hurricane season set to start June 1, Citizens is taking advantage of interest rates close to generational lows to bolster its claim-paying ability.

The insurer’s Nationwide Center for Advanced Customer Insights on the Ohio State University campus gives students exposure to real-life insurance data and business challenges.

The property insurer rolled out the Spex Mobile Property Inspection Platform to help it compete effectively against big insurers.

The company is collaborating with several colleges in its home region to bring data science talent into the organization in a new way.

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

CEO Tom McInerney received no bonus or options, compared with a $3 million incentive and $7.1 million in options a year earlier, when the stock doubled.

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

IBM has been trying to lure customers to its analytics business with data from partners.

The superintendent of the state Department of Financial Services, said insurers must provide the information by April 27 and submit to examinations by the agency; 160 life, health and property & casualty insurers are affected.

The global insurer is the first insurance industry member of the U-M's Mobility Transformation Center Affiliate program

Dina Shapiro takes over as head of tax for the broker, a position she held previously for American Express and GMAC.