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The Collision Industry Electronic Commerce Association (CIECA) recently held their second implementation conference, and prevalent themes revolved around cost reductions; cycle time and outcome improvements; data ownership; and information privacy.
In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company's incoming chief executive officer.
The National Conference of Insurance Legislators is urging the National Association of Insurance Commissioners to get behind its credit-based insurance scoring model law and drop an idea to conduct a "questionable data call."
Liberty Mutual Group said it is delaying its initial public offering of stock in Liberty Mutual Agency Corporation (LMAC) because the company believes it won't get the right price for the business.
The European Commission (EC) has approved Aon Corporation's proposed acquisition of Hewitt Associates, finding that the transaction "would not significantly impede effective competition in the European Economic area (EEA) or any substantial part of it."
A storm system near Cuba has strengthened into Tropical Storm Nicole, but the National Hurricane Center (NHC) has discontinued tropical storm warnings and watches for Florida.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
Despite the damage caused from the Deepwater Horizon oil spill in the Gulf of Mexico, the event is expected to have no impact on the property insurance marketplace, an executive from Marsh said.
Hannover Re, named as the first foreign reinsurer to qualify for reduced collateral requirements in Florida, said the state has approved its Bermuda subsidiary to benefit from the same law.
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