Security risk

A new study says Americans would pay billions if Congress passes the Hurricane Insurance Proposal and another Katrina-like storm strikes.

Sacramento, Calif. – Julie Davis believes that women working in insurance have the unique skill sets and innovative ideas that are keys to reforming the industry, and that risk-taking in bringing forth these innovations should be rewarded. The problem, Davis said, is that risk-taking is something women tend to avoid in the insurance industry.

Tallahassee, Fla. — The travails of Allstate Cos. in Florida are at an end after the company reached a limited agreement with the Florida Office of Insurance Regulation.

Columbia, S.C. - Fiserv Insurance Solutions, a provider of technology, professional services, and strategic sourcing options, announced today that it has assumed responsibility for three compliance products that Fiserv acquired with CheckFree in 2007.

Hartford, Conn., - Information sharing among Internet users via Web-based communities such as social-networking sites is apparently becoming a real liability threat for many organizations.

Sweeping action to overhaul insurance regulation unnecessary, association says.

Association says bills affirms state-based regulation of the insurance industry.

Tool helps underwriters to quickly assess risks globally.

The MIB Life Index reports that North American application activity for individually underwritten life insurance was down last mont, off -0.2% year-over-year.

New research finds that incorporating analytics into governance, risk management and compliance (GRC) initiatives offers organizations the opportunity to capitalize on improved operational efficiencies.

Association says proposed changes to the arbitration system are unfair.

Letter asks senators to scuttle Insurance Information Act

The planned acquisition of AIX Holdings follows two other acquisitions The Hanover has made in recent months to build out its product and service capabilities for its agent partners.

Tim Owen will be responsible for leading product management across Sircon’s carrier, agency and broker customer segments.

Washington - The National Oceanic and Atmospheric Administration (NOAA) offered some dire predictions today, stating that the Atlantic hurricane season will be more active than forecasters first predicted, with up to 10 hurricanes expected to form.

Based on their banking colleagues experiences with the implementation of the Basel II accord, Aon recommends European insurers ready themselves for Solvency II long before 2012.

The transition to the global use of International Financial Reporting Standards (IFRS) may create dramatic change in insurance products, investment strategies, risk management and M&A activities.

The prospect of an optional federal charter for insurers gets another airing.

Needham, Mass. - In June 2008, the U.S. Securities and Exchange Commission (SEC) released a proposal to reclassify the annuity products referred to as fixed indexed annuities or equity indexed annuities (indexed annuities) as securities. New research from Needham, Mass.-based TowerGroup Inc. finds that this proposal has far-reaching implications for the insurance companies and agents selling the products.

As IT infrastructures become more complex, carriers look to a mix of new technologies and old methodologies.