Workforce management
Workforce management
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Boston - Dozens of new insurance activities, such as 'green' building credits and incentives for investing in renewable energy, are emerging to tackle the causes of climate change and rising weather-related losses in the U.S. and globally, according to a new report issued this week by the Boston-based Ceres investor coalition. But the report also states that more insurance companies need to be offering similar services to minimize losses and make the most of business opportunities related to climate change.
August 24 -
Washington, D.C. - As the country approaches the first anniversary of Hurricane Katrina next week, the American Insurance Association (AIA) and ProtectingAmerica.org were at odds as to how best to proceed with a national catastrophe agenda.
August 23 -
Bloomington, Ill. - State Farm has appointed Bill Pieroni as Operations Vice President. Pieroni joins State Farm from Chicago-based Aon Corp., where he was senior vice president. Pieroni will assist executive leadership at the nation's largest insurer of autos and homes with strategic planning.
August 21 -
Seattle - Envision Telephony Inc., a provider of contact center software, has named Blue Cross of Idaho among the winners of its 2006 Envision Excellence Awards. Other winners include ShopNBC, Staples and Wachovia.The awards honor companies using Envision's solutions that have transformed their businesses and improved the quality and delivery of business performance required to deliver exceptional customer service from agents' desktops to enterprise decision-makers.
August 17 -
New York - Accenture has agreed to acquire NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry. Terms of the transaction, which is expected to close within the next 60 days, were not disclosed.
August 17 -
Needham, Mass. - In the wake of 2005--the worst year on record for insured catastrophe damage in the United States with losses estimated at $56.8 billion--the federal government, insurance carriers, and the general public are coming to a point of convergence about the need to rethink catastrophe management beyond the much publicized issues around hurricanes, according to new research from TowerGroup.In a report titled "Property and Casualty Insurance: Convergence in Catastrophe," the research and advisory firm finds that without a concerted effort by all parties to support a holistic solution to catastrophe management, the dire predictions of insolvency in the insurance sector and general economic upheaval across the United States may come to fruition.
August 16 -
AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), is expanding its Wildfire Protection Unit, a mobile service designed to mitigate wildfire exposure and proactively respond to high net worth insureds in select areas of high exposure.The Wildfire Protection Unit was first introduced in June 2005 and was available to insureds residing in 14 California ZIP codes. The service, which is complimentary for eligible insureds, has been expanded to reach 90 ZIP codes, including select areas of Colorado.
August 14 -
Chicago -- Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corp. (HCSC), a Mutual Legal Reserve Co., has launched a redesigned Web portal designed to make managing group life, disability and dental programs easier for employee benefits administrators.The Benefits Manager Web portal at http://www.fdl-life.com provides solutions for all employee benefits customers regardless of which billing method they choose. Features include online policy contracts, benefit claim reports, employee coverage verification, and group payment history. For customers that want to manage all aspects of administration online, Web billing is offered as a unique administration tool to manage employee benefits and eligibility.
August 14 -
Kansas City, Mo. - The Interstate Insurance Product Regulation Commission added another state to its growing list of members, as Massachusetts became the 28th state to sign the Interstate Compact. Gov. Mitt Romney signed legislation into law today that allows Massachusetts to become a member of the Commission.Currently, 28 states have joined the Interstate Insurance Product Regulation Commission. The compacting states are Alaska, Colorado, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Hampshire, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, Rhode Island, Texas, Utah, Vermont, Virginia, Washington, West Virginia and Wyoming.
August 11 -
Armonk, N.Y. - Just a little over two weeks ago, Insurance Networking News reported IBM's acquisition of Austin, Texas-based Webify Solutions, which brought the total of IBM acquisitions to three in less than 15 months (See "IBM Sets SOA Sail"). Now IBM is adding another acquisition to the list.IBM and FileNet Corp. entered into a definitive agreement for Armonk, N.Y.-based IBM to acquire FileNet, a publicly held company headquartered in Costa Mesa, Calif., in an all-cash transaction at a price of approximately $1.6 billion, or $35 per share. The acquisition is subject to FileNet shareholder approval, regulatory reviews and other customary closing conditions. It is expected to close in the fourth quarter of 2006.
August 10 -
Mayfield Village, Ohio - The Progressive Direct Group of Insurance Cos. is providing a text messaging service to its customers. Progressive customers can sign up to receive up-to-date information about their auto insurance policies through text messages sent directly to their cell phones. Customers can opt-in to receive Progressive Direct Mobile Alerts including payment reminders, sent in advance of billing dates; payment confirmations, sent once payment has been received; and other payment information."A Mobile Alert sent directly to a cell phone makes it easy to know when a payment is due and when it has been made. The beauty of it is the customer gets the information instantly - without having to be connected to e-mail," says Toby Alfred, Progressive customer experience general manager.
August 9 -
Boston - Cutting-edge concept illustration software is at the heart of a new program at the Advanced Markets unit of John Hancock Life Insurance Co. to enable producers to create a presentation of a Charitable Lead Trust (CLT) specifically tailored to their client's situation.
August 4 -
Tampa, Fla. Arbitration Forums Inc. (AF) is introducing its E-Subro Hub System, a Web-based paperless network that acts as an electronic clearinghouse for subrogation workflow between insurance carriers and other parties involved in subrogation.The Web-based network, to be launched in September, was developed by AF, a provider of inter-insurance dispute resolution services, to streamline the subrogation process and reduce costs for thousands of insurers, self-insureds, third-party administrators (TPAs) and claims service organizations. The E-Subro Hub is expected to handle millions of transactions annually.
August 4 -
Chicago - Blue Cross and Blue Shield Plans has created a database of claims information (with no personal identifiers) from 79 million lives. Called Blue Health Intelligence (BHI), this resource is designed to help to improve health care quality through sharing critical health information initially with employers, and in the future, with consumers and providers.The secure, HIPAA-compliant database is significantly larger than existing healthcare databases, which may strengthen the movement to greater health care transparency by ultimately providing unmatched detail about health care trends and best practices.
August 4 -
Brookfield, Wis. - A wave of insurers will update their core processing systems in 2006 and early 2007, according to the results of an online survey on property and casualty insurance technology. The survey, conducted by Fiserv Insurance Solutions, a unit of Fiserv Inc., a Brookfield, Wis. software and services provider, revealed that interest in improving processing capabilities and offering better customer service underlies the emphasis on overall business process management and data accessibility.
August 2 -
Armonk, N.Y. - In its third acquisition in less than 15 months specifically tied to its service oriented architecture (SOA) strategy, IBM, Armonk, N.Y., today announced it acquired Webify Solutions, an Austin, Texas-based privately held provider of industry-specific software and services for building service oriented architectures (SOA).
August 2 -
Boosting productivity and cutting costs in insurance contact centers is a bit like walking and chewing gum at the same time. It's not so difficult. But boosting productivity, cutting costs and improving customer service is much more challenging.Companies that are achieving the hat trick are moving their contact center operations to the next level and standing out from the more pedestrian crowd.
August 1 -
WHITEHILL ACQUIRES INSYSTEMSMoncton, New Brunswick-based Whitehill Technologies Inc. purchased InSystems, a wholly owned subsidiary of Standard Register, Dayton, Ohio, Financial terms of the deal were not disclosed. The combined company's critical mass will be nearly 1,000 customers strong, including several hundred insurance companies and more than half of the world's largest law firms, according to Paul McSpurren, president and CEO of Whitehill Technologies. Current InSystems customers should expect business to continue without interruption, according to the companies.
August 1 -
August - the heart of hurricane season.The hurricanes during August 2005 changed the insurance industry. In fact, with experts predicting a number of storms in 2006, carriers are taking action-developing tools and programs-to help their customers through natural disasters, especially hurricanes.
August 1 -
What could a college campus possibly have in common with a health insurer's operation centers? Very little, but a telecommunication technology common throughout college campuses has improved one health insurer's business.Blue Cross of Northeastern Pennsylvania (BCNEPA), a health insurance provider with its headquarters, an operation center and a technology center in Wilkes-Barre, Pa., recently saw growth in its employee base; so much so, that its 20-MB-per-second, point-to-point corporate network link was not handling the workload between headquarters and the operation center.
August 1