Security risk

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.

House vote grants one more year for cash-strapped program.

ISO plans to develop a behavior database to aid underwriting decisions, but it’s important to remember that correlation does not necessarily equal causation.

Several key provisions of the health care reform law go into effect today.

The typically soft-spoken Alabama Republican told reporters "there's no question" he will be elected chairman by the Republican Steering Committee.

A difficult economy and poor customer service may encourage fraud, according to a new Accenture survey.

New report surveys efforts to draft specific rules for the insurance industry.

With eight days to go before it expires, the bill now awaits passage from the House.

Fitch and S&P affirm ACE Ltd. ratings, A.M. Best downgrades Farmers’ Mutual Insurance, S&P lowers ING’s U.S. subsidiaries.

Advancements in health care analytics could mean big changes for insurers.

Zurich shares key lessons from losses over past 10 years; loss mitigation practices.