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Towers Watson announces the release of ResQ 3.7, an updated version of its ResQ reserving software for property & casualty insurers. With ResQ 3.7, Towers Watson has concentrated on performance and scalability enhancements, a generalized scripting solution, and enriched improvements to the user experience.
Nothing worries the CEO of the U.S. Chamber of Commerce more than increased regulation, and he says the insurance industry must be wary as healthcare and Dodd-Frank legislation take hold.
A bill proposed in the wake of Superstorm Sandy that would have insurers produce a single-page summary of a homeowners policy in New Jersey moved a step closer to passage after an Assembly committee approved language the industry can live with.
Allianz kept its guidance for operating profit of more than 9 billion euros ($12 billion) in 2012, after estimating its hit from last year's superstorm Sandy in the United States at $590 million.
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