Security risk

New report laments the inability of companies to encrypt, control and secure information stored on employee-owned devices.

From NAMIC, Pete Dailey of AIR Worldwide explains what scientists know about climate change and helps insurers address the uncertainty about what climate change could bring.

In a new CFO survey from Towers Watson, P&C CFOs discuss which portfolio objectives are being satisfied and why they’re expecting slightly more aggressive investment strategies.

Examples of insurance data breaches point to just how common they are, and what usually causes them—internal abuse and mistakes.

Esurance has expanded its usage-based insurance program and now offers both UBI and traditional auto insurance in Arkansas. Esurance is backed by Allstate, the largest publicly held personal lines insurer in the United States.

InsureRight 2.0 partially designed to improve workers’ compensation loss ratios through risk-based pricing.

More than half of insurers surveyed now use anti-fraud technology solutions, according to “The State of Insurance Fraud Technology: A study of insurer use, strategies and plans for anti-fraud technology,” from the Coalition Against Insurance Fraud and SAS. However the study found that while the majority of respondents (79 percent) said that special investigations units are the sponsors of anti-fraud projects, other departments typically control the project budgets, which could slow the implementation of the technologies, the study said.

As the technology has matured, so have the marketing messages supporting it.

Martz will be responsible for planning, reporting and internal control functions and general corporate finance activities.

hCentive Inc., a post-Patient Protection and Affordable Care Act health care exchange technology company, has upgraded its platform for integrating private health plans with PPACA-mandated state health insurance exchanges: WebInsure Exchange Manager. The enhancements will assure health insurers of the performance, reliability and market needs of their plans within state exchanges, the company says.

As Costa Rica sends rescue teams to an area hit yesterday by a magnitude 7.6 earthquake, risk modelers have more natural catastrophe data to contend with: flood loss. Flood losses are on a rapid upswing, according to a report issued today by Swiss Re. Affecting an estimated 500 million people worldwide annually, the increase in flood-related claims has been significant, notes Swiss Re’s new report, “Flood - an Underestimated Risk: Inspect, Inform, Insure.”

Data and cloud continue to pave the way to profitable initiatives such as telematics and customer management.

SS&C Technologies Holdings Inc., a software and services provider, has launched CAMRA I-Risk for insurance companies to address emerging solvency standards by combining CAMRA’s financial reporting capabilities with a position-based stochastic simulation model.

Long-term care insurance decisions are not being made only by the elderly, according to a new report. A study conducted by the American Association for Long-Term Care Insurance notes that the youngest claimant was 24 years old when he began receiving benefit payments from his long-term care insurance policy. Now in his seventh year of receiving payments, the coverage was purchased when the claimant was 21 years old.

Results of a Towers Watson survey of risk calibrations being used for specific market and non-market risks, revealed that the largest challenges still include interest rates, credit spreads and mortality and lapse assumptions, with up to two-thirds of firms still looking to make considerable progress in these areas.

Munich Re, Swiss Re and Allianz among A.M. Best’s review and ranking of the top 50 reinsurers based on gross premiums written.

As Hurricane Isaac strikes, A.M. Best provides the top ten P&C insurers by market share in Louisiana, Alabama and Mississippi.

AIR Worldwide, a catastrophe modeling firm, estimates that losses resulting from farmer claims for the crop insurance industry may exceed $13 billion with the potential to reach as high as $20 billion.

Insurers wait for the inevitable landfall of what could become a Category 2 hurricane. According to CoreLogic, this leaves insurers with $36 billion in potential exposure to residential property damage to brace for. This high estimate is largely the result of remaining uncertainties. While estimates have the storm moving onto land within the next 48 hours, where it will strike is still unknown.

Platform designed to enable insurers to control appetites by state, line of insurance and SIC in real time.