Security risk

For the fourth year in a row, INN is proud to recognize female leaders paving the way for others in the insurance industry.

Also receiving recognition this year are four leaders who have successfully driven significant project and/or process improvements within their companies.

The National Association of Insurance Commissioners (NAIC) has joined with other U.S. financial regulators in completing a self-assessment under the Financial Sector Assessment Program (FSAP). While the U.S. Treasury is the principal coordinating body for the FSAP, in the insurance sector, the NAIC has evaluated the extent to which U.S. insurance regulatory practices “observe” international principles established by the International Association of Insurance Supervisors (IAIS).

CIGNA, FM Global and Tower Hill Companies are some of the insurers seeing recent ratings action from A.M. Best and Fitch.

The Governor of North Carolina, Bev Perdue, has signed into law House Bill 1305, legislation that makes statutory changes to the North Carolina Insurance Underwriting Association, commonly known as the Beach Plan.

A new survey by the National Association of Insurance Commissioners (NAIC) finds that many small business owners lack confidence in determining the health insurance that best fits their employees’ needs.

The Department of Health and Human Services issued an interim final rule on Aug. 19, 2009, establishing standards for notification of breaches of unsecured protected health information (PHI).

When I penned my recent rant on the inadvisability (at least at present) of SaaS for core systems in insurance, little did I know I would hear from some enthusiastic fans eager to sing the virtues of SaaS.

In the Twitter era, the ability of information or misinformation to spread rapidly poses operational risks for businesses, a new survey from Hartford, Conn.-based Travelers Cos. Inc. finds.

Nearly 60% of North American insurers plan on maintaining a budget at least consistent with 2008 spending, according to Forrester research.

State insurance commissioners suggest that reforms require everyone to purchase health insurance, much as states already require the purchase of auto insurance, but via the use of federal funding where appropriate.

International footprint across five continents reflects financial industry’s need for tighter control of financial transactions under difficult market conditions, company says.

Celent investigates insurers' tactical responses to the recession, finding the streamlining of processes to be their No. 1 focus.

The provider of enterprise financial management software has seen revenues that have doubled in each of the past two years.

The company expects the facility provide comprehensive, flexible and individually tailored coverages for major corporate clients.

Farmers Insurance Group and Zurich in North America take to the road to help customers prepare for catastrophes.

After being withdrawn from the ACORD Forms Library in October 2008, ACORD 80 (Homeowner Application Form) is being reintroduced one year later.

Professional v10.0 designed to provide enhanced data access, and includes a new user interface and Open Source support.

In the end, it comes down to risks vs. benefits, and right now the risks are a bit too scary.

Rule falls under HIPAA umbrella, effects breach of more than 500 individuals.