Security risk

Lines are drawn over plan to nationalize producer licensing.

Insurers may have enterprise risk management (ERM) building blocks in place, but lack of data, modeling capabilities and lack of business unit buy-in are impediments to fully incorporating ERM into strategic business decision-making.

Ethos now provides on-site surveillance operations in Kentucky, Florida and Alabama.

Compliance publication names Norkom “Vendor of Year” for its contribution to financial services and accounting compliance and regulation.

A new survey reports that most insurance industry executives feel confident in their ability to manage risks, yet those with excellent S&P ratings are more conservative. Both cite technology as an enabler.

Predictive modeling and emerging claims technologies will affect the nonstandard auto insurance market, according to Conning Research & Consulting.

New studies say climate and demographic changes are two of many interrelated risks that insurers must consider.

Raleigh, N.C. — BB&T Insurance Services Inc., a Raleigh, N.C.-based, wholly owned subsidiary of Branch Banking and Trust Co., plans to expand its Florida operation with the acquisition of Burkey Risk Services of metro Orlando.

Fairfax, Va. — The Public Entity Risk Institute (PERI), a nonprofit research institute focused on risk management, launched an improved Web site designed to ease access to an extensive collection of risk management publications, programs and tools. Among the enhanced features found on the site is an expanded resource library organized by topic, audience and type of resource for more user-friendly research.

Newark, Calif. — Risk Management Solutions Inc. (RMS), a provider of products

St. Louis — Wells Fargo Insurance Services Inc., a Chicago-based, bank-owned insurance brokerage, and a subsidiary of Wells Fargo & Co., acquired St. Louis-based Insurance Brokers of America (IBA).

IVANS GIVES PROVIDERS HIGH-SPEED CLAIMS PROCESSING

A recent survey of actuaries focused on business intelligence strategies for actuaries coping with new challenges surrounding financial reporting, planning, forecasting and risk management.

Just as carriers are using technology in novel ways to cope with existing regulations, other regs may be waiting around the corner.

Proponents and opponents of a federal charter exchange barbs over its implications for regulation and revenue.

Kansas City , Mo. - The National Association of Insurance Commissioners (NAIC) this week released a peer review of state producer-licensing laws, practices and processes that identifies areas where the states’ reciprocity and uniformity initiatives need improvement, along with areas where such efforts have been successful.

Washington – Testifying before a hearing of the House Committee on Financial Services Subcommittee on Oversight and Investigation, a representative of the Independent Insurance Agents & Brokers of America (IIABA) pushed for the passage of the Homeowners' Defense Act.

Los Angeles — Farmers Insurance Group Inc., announced that Denise Ruggiero has joined Farmers as VP, legislative and regulatory affairs.

London – Instability within the financial markets represent the biggest threat to the global insurance industry, according to a survey conducted last month by Lloyd’s of London. The survey asked 138 Lloyd’s underwriters to answer questions about working in the Lloyd’s environment, including the identification of those emerging risks that will most likely challenge the insurance industry over the coming year.

Brookfield, Wis. — Dallas-based workers’ compensation e-transaction provider P2P Link, a business unit of Fiserv Inc., Brookfield, Wis., released P2P Direct, a new product specifically tailored to the workers’ compensation medical provider marketplace.