finance

• Travelers Awards $175,000 Educational Grant to NAF

  By Staff Writer  |  May 23, 2013

  As part of a two-year grant to support NAF's educational mission to prepare students for college and careers, Travelers donates $175,000.

• Banks in Cyber Heist Face Uncertainty in Getting Money Back

  By Joseph Ax, Reuters  |  May 13, 2013

  Two banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, says financial, insurance and legal experts.

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  Solvency II: Can Your Risk Processes Meet the Test?

  By Glenn Lottering  |  May 2, 2013

  Solvency II is putting pressure not only on European insurers, but also multi-national insurers to add a new level of rigor to their finance and risk processes.

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  Let's Talk Sex and Money

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  April 25, 2013

  Forget "leaning in": There are plenty of women in insurance, but damn few in the boardroom.

• FSOC to Meet; Nears Designation of Nonbank SiFi

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth D. Festa, PropertyCasualty360.com  |  April 24, 2013

  The Financial Stability Oversight Council will meet Thursday amid signs that the first designation of an insurer as systemically significant is imminent.

• Treasury Undersecretary: No More Bailouts, Regardless of Size

  By Arthur D. Postal, PropertyCasualty360.com  |  April 19, 2013

  There will be no more bailouts of financial institutions, a top official of the Obama administration says in what appears to be an attempt to pre-empt Republican efforts to water down the Dodd-Frank Act.

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  Liberty Mutual’s ‘Ted’ Kelly Retires as Chairman; CEO Long Elected

  By Chad Hemenway, PropertyCasualty360.com  |  April 11, 2013

  Edmund “Ted” Kelly is cutting his last tie to Liberty Mutual Insurance after more than 20 years with the company.

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  Bracket Busters: Florida Gulf Coast’s Stunning Upsets

  By Christopher Tidball  |  March 29, 2013

  At the helm of FGCU's success is Andy Enfield, who brings entrepreneural lessons to the basketball court.

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  Will The Cloud Rain On My Parade?

  By Don Law  |  March 29, 2013

  There is plenty of hyperbole and confusing buzz surrounding cloud computing. Nevertheless, the benefits are significant, and those benefits go well beyond cost savings.

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  Mobile a Key Piece to Insurance Industry’s Customer Experience Puzzle

  By Rodney Johnson  |  March 14, 2013

  If you stop and take a look at any technology vertical, mobile has quickly become the most dominant entity. With the rise of smartphones, mobile is an extension of us as opposed to just a way to communicate—most of the approximately six billion mobile subscribers across the globe will agree....

• SAP Expands Insurance Offering with Acquisition of Camilion

  By Staff Writer  |  March 7, 2013

  SAP announces plans to acquire Camilion, a provider of insurance product development, product life-cycle, and underwriting solutions that help insurance companies improve the quality of the business they write and bring new products to market faster.

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  Survey: North American Insurers Seeing Greater Gains from ERM Programs

  By Anya Khalamayzer, PropertyCasualty360  |  February 22, 2013

  North American insurance executives are increasingly seeing the value in strong enterprise-risk-management programs, with a growing number of insurers crediting such programs with positively impacting key areas of their business.

• New Hires and Promotions at Fireman's Fund, Philadelphia, Hanover Stone Partners and More - Around the Industry

  By Staff Writer  |  February 7, 2013

  New program from TMLT. Anne-Marie Slaughter will serve as keynote speaker for the Women in Insurance Global Conference.

• PwC Survey Finds Insurers Not Ready for RMORSA Requirements

  By Staff Writer  |  January 23, 2013

  While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers’ enterprise risk management frameworks.

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  Producer Profiles: Meet Your Peers

  By Staff Writer  |  January 22, 2013

  Becoming an insurance agent can be a life-changing event for some, especially when the opportunity turns into a calling. The following six producers may have come into the business for different reasons, but they’re each staying in the industry for the same: to improve the lives of others.

• ACORD, DISA Announce Merger of Standards Organizations Under ACORD Banner

  By Staff Writer  |  January 14, 2013

  ACORD, the nonprofit global data standards organization, and DISA, the organization for development of cross-industry electronic business interchange standards, announce that the two organizations would consolidate under the ACORD banner.