Security risk

President Obama signs a last-minute extension of the oft-extended National Flood Insurance Program.

The Senate Banking Committee Chair wants to "eliminate the overlaps, redundancies and additional red tape created by the current alphabet soup of regulators."

One of the most frightening aspects of the financial services meltdown is that it may well happen again. Indeed, a new paper from Society of Actuaries (SOA) and the Joint Risk Management Section says a focus a widespread embrace of enterprise risk management coupled with regulatory enhancements are needed to avert future crises.

The arrival of BPM as a transformational initiative is creating new opportunities for carriers to think about new ways of doing business.

Just a year after the launch of its Attachments Warehouse, the National Insurance Producer Registry(NIPR), a non-profit affiliate of the National Association of Insurance Commissioners, announced an enhancement to the licensing tool that electronically stores documents submitted by applicants. NIPR’s Reporting of Actions (ROA) expands electronic filing abilities to enable producers to submit necessary documents for reporting administrative, criminal or civil action.

Genworth, Markel and Unum are just a few of the insurers affected by A.M. Best and Fitch’s latest rating actions.

One of the best things about covering the technology industry is that one doesn’t usually have to sully oneself with the hogwash that passes for discourse and wisdom among our nation’s politicians.

Association cheers legal ruling in Michigan.

The National Association of Insurance Commissioners (NAIC) is denouncing marketing efforts by insurance companies aimed at shifting the debate over Medicare Advantage.

Discoverture Solutions (Discoverture), .a Phoenix-based insurance industry-focused IT solution and service provider, is pleased to announce the company's software development center achieved a CMMI Maturity Level 3 rating during a recent appraisal.

One of the most contentious subjects broached at the National Association of Insurance Commissioners Fall 2009 meeting was the issue of a public catastrophe model.

Testifying before the House Small Business Committee, J. Douglas Robinson, chairman and CEO of Utica, N.Y.-based Utica National Insurance Group, said efforts to rein in the excesses of Wall Street firms might adversely impact smaller insurance companies.

The National Association of Professional Insurance Agents (PIA) is expressing gratitude for an amendment that counters efforts to exclude independent agents from the health care exchanges envisioned in America’s Affordable Health Choices Act of 2009 (H.R. 3200).

Insurance IT Budgets: It’s a tricky time for those who must make plans for next year, but where should insurers draw the line between caution and boldness?

While endorsements of an optional federal charter for insurers were easy to come by during the previous administration, the Obama administration has largely avoided offering an opinion on the controversial issue.

Photos from INN’s Women in Insurance Leadership Forum.

Association says their proposal offers a more comprehensive solution to cross-border reinsurance transactions.

While the universe of financial services regulation is in flux, one key component, a proposed consumer financial protection agency (CFPA), is taking shape. The CFPA will have a mandate to set rules governing all financial institutions,

Members of the National Association of Insurance Commissioners (NAIC) (www.naic.org) passed legislation today that adds changes to the Standard Valuation Model Law. When enacted by state legislatures, the changes, addressed at the Executive/Plenary session of NAIC’s Fall national meeting in National Harbor, Md., are designed to improve the way life insurers calculate the reserves held to protect consumer’s financial interests in insurance products, says the organization.

Vice President Joe Biden faced a standing-room-only audience yesterday at a meeting of the National Association of Insurance Commissioners (NAIC), where he discussed the Administration’s health care proposal and the need to create a level playing field in the insurance industry. Biden was invited to speak at the NAIC Fall meeting in National Harbor, Md., where he told members that the reform health care would not impact health insurers’ competitive set. “I want insurance companies to make money,” he said.