Security risk

HB 2662, introduced for the 2014 legislative session, would authorize insurers to conduct all transactions with policyholders over the Internet.

IT infrastructure managers must simultaneously capture the next rounds of efficiencies, accelerate the transition to next-generation infrastructure, reduce risks, and improve organizational execution.

Application helps U.S. P&C insurers model their business, enabling improved management of risk and capital, company says.

Two people with knowledge of the matter say any decision could be months away.

As we enter 2014, we’re ready to design solutions that change insurance from a backward-facing, financial indemnity product to a continuous, predictive, risk management service.

Obamacare has always depended, both operationally and politically, on an alliance between the administration and insurance companies. But that alliance is vulnerable.

A safe new-year prediction is that we shall see more insurers getting into trouble, paying the price for over-expansion.

Nearly all insurers also expect Congress will reauthorize the Terrorism Risk Insurance Act, according to I.I.I. survey, which revealed deeply divided economic outlooks.

Many will stop selling universal life with secondary guarantees and half expect to make major design and pricing changes; CFOs to make only moderate changes to staffing levels despite lack of in-house talent.

Through its acquisition of Nest, Google soon will have access to even more personal data, positioning it to potentially enter the homeowners’ insurance market.

Business interruption and natural catastrophes pose the biggest threats, according to the Allianz Risk Barometer; for the first time, cybercrime and reputational loss enter the top 10 risks in United States.

As global chief risk officer, J. Todd Daniels will be responsible for risk management for investments in both the United States and Japan.

In a recovering economy and armed with strong capital positions, life insurers and annuity providers should take the opportunity to become more customer centric through technology innovation, industry experts say.

ING U.S. Inc. promotes CRO Smith to CEO of the insurance unit as Butch Britton retires.

The best insurers will achieve competitive advantage by developing the judgment and decision-making capabilities of their knowledge workers.

"Uncertainty" sums up the regulatory environment for insurers in all lines in 2014.

Lori Evangel, formerly of Aflac, will serve as executive VP and chief risk officer.

Homeowner property claims also are found to be increasing in frequency, value and suspicion.

Insurers strongly support flood reform, but it needs to be implemented in a fashion that doesn’t destroy flood-affected communities.

RIMS Names 2014 President, Directors and Board Members