Security risk

The agencies react to Prudential Financial’s planned acquisition of two AIG companies, while A.M. Best and Moody's update AIG's status after its TARP repayment plan announcement.

Vicious computer worm’s intended or unintended victims may include large, highly insured industrial facilities.

The site added a slew of new features, as well as information and policies from 225 insurers across all 50 states.

Regulators inch forward on Volcker Rule, non-bank systemic designations.

The NAIC requested that Fitch and other rating agencies provide current ratings information in response to recent rule changes.

Presidential action extends National Flood Insurance Program for another year.

Under the new laws, police can pull over any driver suspected of using a mobile device for texting or accessing the Internet.

While BlackBerry may be late to the game, insurance IT shops prefer its security features to Apple's.

A.M. Best report says growth of new business in 2009 was strong compared to prior years, but challenges remain.

Illinois Insurance Department alerts consumers of health insurance coverage scam.

Consumer Financial Protection Bureau official wants to create principles-based disclosures that are simple for consumers to understand.

New paper from NAMIC highlights legislative issues surrounding vehicle repair.

S&P removes ratings from AXA Insurance U.K., Fitch Ratings affirms Liberty Mutual Group, A.M. Best assigns debt ratings to Manulife’s senior notes.

Distracted driving is quickly rocketing up the ranks of risks for insurers. Coming on the heels of a Chubb study last week that found motorists are in favor of banning cell phone use while driving, the Property Casualty Insurers Association of America (PCI) today reinforced the popular sentiment that the issue of distracted driving absolutely must be addressed on multiple fronts, including:

A report indicates that the Obama administration will work to promote the availability of annuities and other forms of guaranteed income.

Disclosure of risk related to AIG’s portfolio of credit default swaps and securities lending program the focus of class-action suit.

Sonoma Risk Insurance Agency recently announced the distribution of contract litigation insurance in Illinois. The policy is underwritten by Zurich in North America, and is intended to help protect plaintiffs and defendants from having to pay their adversary’s attorneys’ fees should they lose their contract case. Arthur J. Gallagher Risk Management Services, Inc. is the preferred distributor in the state of Illinois, Sonoma Risk says.

Devices will develop analytic methods for personal and commercial auto insurance.

Chubb survey finds more than half of U.S. motorists say they have used a cell phone while driving, but 90% say it should be illegal to do so.

We may just be emerging from a recession, but these IT shops will soon be facing tough challenges in not only standing up new systems, but finding the talent to do it.