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News

Go Green or Go Home?

July 2, 2009 - A report from Datamonitor suggests the economic downturn presents an opportune time for insurers to invest in green IT.

Signs Emerge of Reinsurance Market Hardening

July 2, 2009 - Citing concerns of catastrophe damages and weakened capital positions, a new report charts a rise in reinsurance pricing and a decrease in capacity.

Flying Car Maker: Unique Hybrid Will Require Unique Underwriting

July 2, 2009 - In negotiations with underwriters, Terrafugia discovers that being inside or outside an airport’s operational area may be the deciding factor in how to assign risk.

Senate: Flawed Payment Data Widespread

July 2, 2009 - Use of discredited Ingenix databases to determine physician reimbursement was endemic, according to congressional investigators.

Better Times at Hand For Mortgage Insurer

July 2, 2009 - Genworth Financial credits Obama Administration's Home Affordability Refinance Program (HARP) for increased demand.

UnitedHealth Says Existing Technology Can Trim Health Costs

July 2, 2009 - A new report contends streamlined administrative processes could save $332 billion over next decade.

HBMA: Medical Billers and Insurers Need Better Processes

July 1, 2009 - The Healthcare Billing & Management Association (HBMA) presented findings from a survey aimed to find out how billing services and health insurers work together to manage claims processing.

June Auto Insurance Prices Increase

July 1, 2009 - Insurance.com reports an increase to $1,884, while CarInsurance.com reports an increase to $1,804.

Catastrophe Pricing Increases 10% to 15%

July 1, 2009 - Aon Benfield’s July Reinsurance Market Update report shows catastrophe-exposed programs outside of the United States remained firm.

The Hartford Accepts $3.4 Billion in TARP Funds

July 1, 2009 - After accepting the funds, Fitch Ratings downgraded the insurer due to its exposure to the volatile credit and investment market conditions.

Enterprise Mashups Shift Control to End-Users

June 30, 2009 - Insurers are finding enterprise mashups add a new dimension to the productivity promise of composite applications.

Q1 Results Show P&C Industry Well Capitalized Despite Losses

June 30, 2009 - A report from ISO and PCI says the decline stems from a combination of underwriting losses and a deterioration in investment results.

Benefits Help Lines There for Employers, Employees Alike

June 30, 2009 - Given the prevailing economic concerns, insurers and brokers may be wise to look to financial planners as part of their customer service strategies.

Twitter, Meet "Specialized" Insurance

June 29, 2009 - What is the role of social media for UK insurers?

Ratings Changes Affect 7 Insurers

June 29, 2009 - Ratings agencies announce a number of changes, including affirmations of Pan-American Life Insurance Co. and Western Life Assurance Co., and an under-review status for IPC Holdings Ltd.

Spotlights