Leveraging information technology outsourcing without relinquishing control is a key for insurers.

The announcement closely follows a deal facilitated by the FDIC for Citigroup to take control of Wachovia's five depository institutions.

The extension of the plan, which was set to expire today, will allow the program to continue operating under its current terms through March 6, 2009.

Company teams with Sun to deliver POINT IN J for carriers seeking a platform-flexible policy administration system.

Centerview Partners will assist in evaluating potential sales of AIG's 71 member companies, many of which are located in New York.

Certification Commission’s research finds more than $700 million in funding for electronic health records (EHR) software and implementation costs.

The carrier will help the healthcare insurer automate clinical data collection.

A free online service provides necessary state-by-state hurricane-related bulletins and department of insurance compliance information.

Bill seeks to redress perceived tax advantage for foreign-based reinsurers.

Life insurance association says market turmoil underscores need for regulatory changes.

Opponents of the legislation claim enactment would hurt consumers.

Top leaders of both banking committees and representatives from both political parties emerged after three hours of negotiation to say they had worked out a final deal on a bill to create a facility to buy troubled loans.

Within five years, Everest Research projects spending for global business process outsourcing (BPO) by the financial services sector will reach US$145-$165 billion for India-based services, the hub of global sourcing for financial services.

Consumers boost ratings of life insurers’ Web sites slightly, but ranking is still below the overall cross industry benchmark.

Under the terms of the deal, interest will accrue at 8.5% above the rate of the three-month London Interbank Offered Rate, which is the rate at which banks lend to each other. AIG also will pay commitment fees.

Berkshire Hathaway also will receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which is exercisable at any time for a five-year term.

Experts predict a sale of AIG operations in Asia will benefit Aflac Inc. and Prudential Financial Inc. on the Japanese side, and Prudential UK in the non-Japanese Asian countries.

Users send a short messaging service with qualification information and get a reply with confirmation of the coverage.

After making key acquisitions, the software giant officially unveils an insurance unit.

AIG works quickly to shore up support and stave off panic as its leadership transitions and the marketplace repsonds.