Security risk

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.

When insurers assess the risks and conduct cost-benefit analyses on whether information systems should be encrypted, more often than not the decision has been made to not encrypt. That has to change now, industry observers say.

More than a month later, more than 50 million people affected by the breach haven’t been notified by the company, senators Lamar Alexander and Patty Murray said.

Hackers succeeded in accessing claims and clinical data from Premera, but they may be wasting their time trying to monetize health data, industry observers say.

When big commercial insurers develop cyber risk coverage for their clients, IT helps illustrate the problem and identify solutions. CNA and XL Group take us inside their processes.

Premera Blue Cross, serving the Northwest and Alaska, was hacked beginning last May, and even more sensitive data was exposed than in the Anthem hack.

The insurer plans test flights near Bloomington, Illinois; could use drones to assess roof damage claims and respond to natural disasters.

Commercial lines prices have only risen 2% in the past year, and for workers' comp, even that would be good, says Towers Watson.