Security risk

The association says the role of rating agencies in financial meltdown warrants consideration.

The office in central Beijing will be headed by Zifa Wang, an earthquake engineering expert who joined RMS from the China Institute of Engineering Mechanics.

Risk Management Solutions estimates U.S. onshore and offshore insured losses from Hurricane Ike at $13 to $21 billion.

Fitch estimates that capital (and reserves) needed to support the variable annuity business in the United States has increased by up to $15 billion during 2008.

TowerGroup points to economic, market and regulatory volatility as the No. 1 business driver for financial institutions.

After a trying third-quarter for the industry, insurers need to contemplate their risk management culture.

The majority PricewaterhouseCoopers' survey respondents said they could do more to reduce the chance of future industry instability. However, the survey also revealed a desire for greater transparency to accurately measure exposure to risk.

Insurers have until November to weigh in on proposed annuities changes.

A letter to the SEC chairman says calls to suspend fair value accounting are misguided.

Chesapeake Systems Solutions offers outsourced unclaimed property compliance services to assist firms in mitigating the risk of noncompliance with state laws.

ACORD, the insurance standards body, contends brokers and supervisors can advance their new solvency regime efforts by utilizing existing standards for data and information flow, internally and externally.

Participants say the initiative will provide significant improvements for insurers using ACORD standards.

The acquisition will enable York Programs to offer nationwide loss control to its existing program partners.

SEC chief says new oversight a necessity.

A recent study reveals that small business owners are unfamiliar with the risks involved in workers’ compensation insurance from self-insured groups.

Anti-money-laundering systems vendor Norkom Technologies is teaming with IBM to deliver a more comprehensive approach to combating financial crimes.

Dr. Akshay Gupta will be responsible for managing and developing the Catastrophe Risk Engineering practice.

Chosen for her depth of carrier-specific insurance enterprise IT experience, Karlyn Carnahan, CPCU, reflects the industry’s latest analyst traffic.

While advanced computing and technology is typically a blessing, with more avenues for exploitation, it also can be a curse for IT security.

Bilked for billions of dollars annually and facing tough economic times, insurers are reaping benefits by outsourcing fraud mitigation.