Security risk

RIMS benchmark survey also finds property insurance coverage leads increase.

The ruling this morning gave health insurers a deadline of 2014 for embracing such provisions. On the other hand, competitively speaking, this places much more of a burden on large health insurers to provide a wide range of packages that appeal to demographics that may not have been on the radar.

Reporting functionality, recommendation management and workflow management tools are just three of the elements Novarica says are critical to loss control systems.

The court ruled 5-4. However, the court added that Congress has the authority to implement the individual mandate under the taxing clauses of the Constitution.

GlobalOptions will prepare AIC’s fraud compliance reporting, conduct fraud training programs as well as the investigation and identification of suspected fraudulent insurance activities.

Insurer introduces new cyberliability insurance product and will partner with NetDiligence, a provider of post-incident services.

At Monday’s morning session on the FIO at the Insured Retirement Institute’s Government, Legal and Regulatory Conference in Washington, D.C., John Fielding—a counsel in the Washington office of Steptoe & Johnson LLP, where he is a member of the Government Affairs & Public Policy practice focusing on insurance and financial services legislative and regulatory matters—speculated that a tiff between the Office of the United States Trade Representatives (USTR) and the FIO may be stalling the document’s release.

The United States Senate passed the Senate 2012 Farm Bill in a 64-35 vote. The Senate version of the bill would cost $498 billion, save $23.6 billion over the next 10 years and eliminate $5 billion per year in direct payments. The Federal Crop Insurance Program (FCIP) would become the primary risk management tool for farmers.

Rebranded and updated CyberEdge product attempts to stay on top of risk trends, such as cloud computing resources.

Company also announces acquisition of Policy Technologies International.

Second annual StoneRiver survey indicates a lack of enterprise risk management, readiness for changing regulatory climate.

In the report, entitled “Data Agility: Turning a Liability into an Asset,” Tabb assesses spending and implementation plans at financial firms, and their ramifications with enterprise information sharing and distribution. Tabb found that spending on internal resources will drop to 39 percent of the overall IT budget by 2014, reflecting a 5-percent decline from 2012 and a 27 percent decrease since 2000.

Research using the websites of State Farm, Allstate, Progressive and GEICO indicates good drivers who live in moderate-income areas are being quoted higher prices for auto insurance, and rates vary widely across providers.

Professionals agree that predictive modeling has changed the way policies are priced, but what other potential does it have and where does this leave actuaries?

A new report from Celent offers an updated regulatory roadmap and guidance for a systems assessment.

Alliance to enable deductibles and real-time tracking and monitoring for Chubb customers.

Wolters Kluwer Financial Services announced that ComplianceWare, its market conduct research tool, has been updated in an attempt to provide insurers with access to market conduct exams and the more-than-900 enforcement actions issued since January 2010 in a unified, searchable environment.

The market has been driven to a place where insurance-linked securitizations work from a pricing perspective, say experts at a recent S&P conference.

Penalty settles allegations AIG wrongfully tried to avoid paying state residual market assessments and taxes.

Aite Group Senior Analyst Stephen Applebaum outlines the many social media initiatives insurers are embarking upon from this year's IASA conference in San Diego.