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Mike Lancashire, vice president of claims and integrated customer solutions at Main Street America, discusses the claim technology selection process, what he would have done differently, and the traits he looks for in a vendor.
A United Kingdom actuaries' organization, doubling previous calculations, now estimates insurers there could face asbestos-related claims of ?10 billion ($16 billion) in the next 40 years.
The Association of California Insurance Companies (ACIC), an affiliate of the Property Casualty Insurers Association of America, said it has re-launched its Web site to feature pull-down menus to make information easier to access for users.
Indiana's Republican Gov. Mitch Daniels ordered his state's insurance department not to participate in a National Association of Insurance Commissioners climate risk survey, one official said.
The annual consumer price index may have dropped 0.4 in 2009, but the costs of health care and legal services that impact insurers rose anywhere from 3 percent to 6 percent, said Insurance Information Institute.
Among property and casualty insurers, the fastest to adopt innovative new information technology are those with a wide variety of product lines, according to a new study.
San Francisco-based insurance brokerage Confie Seguros said it has acquired Vern Fonk Insurance Services Inc., an insurance agency headquartered in Puget Sound, Wash.
House Democrats are planning a vote this week on legislation that would repeal exemption from federal antitrust laws under the McCarran-Ferguson Act for health and medical malpractice insurers.
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