Security risk

The commission unveils full text of ruling that reclassifies annuities as securities.

Report on financial modernization includes a call to reassess the federalization of insurance regulation.

The National Association of Mutual Insurance Companies sent members of Congress and state insurance policymakers a report, analyzing the causes of the nation’s financial crisis.

The firm estimates that reinsurers will enter 2009 with 15% to 20% less economic capital than in 2008.

The insurer appointed Russell Johnston president and CEO of AIG Environmental, one of the largest pollution liability insurance providers.

The organizations will demonstrate ways to implement the 5010 HIPAA transaction standards through existing testing tools, best practices and public-private collaborations that are already broadly recognized within the healthcare industry.

In a collection of essays, actuaries ponder the role of risk management in the financial crisis.

Spun off from Fiserv, the well-known insurance tech giant will take the name StoneRiver—a brand signifying “strength and transformation,” and akin to its adoptive parents, Stone Point Capital LLC.

According to a new Impact Forecasting LLC report, approximately 86% of Californian homeowners do not have earthquake coverage, despite most of them having mortgaged their homes.

For the time being, tech takes a back seat to cost minimization and operational efficiency, which are at the top of the operational agenda for many in financial services, according to the New York research firm.

Allegations of mismanagement at the life insurer are incurring the wrath of state regulators.

Insurance association says ordering insurers to surrender customer data poses a risk.

A group of insurers says that more needs to be done to enable insurers to fairly present their financial statements for year-end 2008.

With the financial services meltdown as a catalyst, insurers will wage legislative battles on the front.

National Association of Mutual Insurance Companies (NAMIC) says the Federal Trade Commission’s (FTC) decision to order nine major insurance companies to provide data for a study of credit-based insurance scoring and homeowners insurance is unnecessary and a waste of money.

The 10-year moving average of insured catastrophe losses costs continued to rise in 2008, increasing by 7% over 2007—from $35.5 billion to $38 billion.

Some of the new statutes are designed to reduce claims for accidents or medical needs, push the current limits of employee benefits and refresh the staid regulatory rating environment.

Swiss Re says the catastrophes led to overall financial losses of $61 billion across the globe, with property insurers contending with losses totaling $25 billion.

London - According to the latest report by independent market analyst Datamonitor, global financial institutions, in response to evolving marketing conditions, are beginning to view operational risk (OpRisk) as a means of providing a more proactive management decision-making framework.

Waltham , Mass. – For the second consecutive year, worries about bribery topped the list of crucial concerns addressed by global corporations, according to a 2008 study conducted by Integrity Interactive Corp., a Waltham , Mass. , firm that helps global corporations manage and reduce risk of compliance failures.