Security risk

Partnership made in anticipation of integration with Vermont Health Connect, the state's health insurance exchange.

Smaller U.S. insurers with overseas parent companies are unlikely to be targeted by FSOC; American Council of Life Insurers defends foreign nonbank financial companies.

PCI applauds the passing of "No Play, No Pay" and Workers’ Comp Reform in Missouri; new legislation also permits electronic proof of insurance for consumers.

Although risk management is important among companies concerned with regulatory pressure, few maintain a clearly defined risk appetite and reward adherence to it.

New broad coverage designed to include access to risk control, claims and specialty investigations support.

As the debate over the renewal of the Terrorist Risk Insurance Act (TRIA) heats up in the United States, Aon Risk Solutions released its 10th annual Terrorism and Political Violence Map in an attempt to help companies assess risk levels of political violence and terrorism.

A committee of 11 insurer CIOs has selected nominees for the second-annual Novarica Research Council Impact Awards. Nominees include: AIG, Aegis, Erie Family Life, Great American, Nevada General, PURE, RLI and XL.

A survey of 1,000 drivers indicates they want more severe coverage penalties for phone use while driving.

Yesterday the Consumer Federation of America (CFA) released a statement that suggested a renewal of the Terrorism Risk Insurance Act (TRIA) may not be necessary given the near-record industry surplus of nearly $600 billion. Today, the Insurance Information Institute responded by emphasizing the stability TRIA continues to provide.

INN developed the ranking in partnership with Celent, an independent business research and advisory service with a specialization in insurance technology. Celent facilitated survey development, data collection and analysis. The result is an insightful set of rankings based on objective peer review.

Eighty-three percent of P&C insurers indicate that they will increase their spending over the next three years. The top three areas for investments in analytics, according to SMA’s data, “remain the risk-centric areas” of product development, underwriting and claims.

State Farm is beginning to test RightLane, which collects basic information about a person's driving via an Android smartphone.

Sandy resulted in approximately 1.5 million claims overall, 92 percent of which were completed at four months.

Insurers venturing into new territories, both geographically and technologically, may need to pay closer attention to data standards.

2013 Terrorism Risk Insurance Report outlines current marketplace as well as potential effects of letting the coverage expire.

Profitability will depend on monitoring, automated reconciliation, proper administration and compliance.

New version includes portfolio management capabilities and transactional model deployment for risk selection and pricing accuracy.

The proportion of life insurers now offering e-signatures in their dealings with customers or agents has increased to 74 percent from 47 percent over the past five years, according to “Have E-Signatures Finally Arrived? An Update for Life Insurers,” from Celent, a research and advisory firm.

The Director of the Federal Insurance Office, Michael McRaith, is calling for the submission of information regarding natural catastrophes and insurance for a report to be submitted to Congress, an FIO report mandated by the Biggert-Waters Flood Insurance Reform Act of 2012.

Mobile platform developed as a companion to Web-based risk software released by the insurer last year.