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Munich Re said it is acquiring the UK company MSP Underwriting Ltd., owner of both the Beaufort Underwriting Agency Limited, which manages the business of Lloyd's Syndicate 318, and Lloyd's service co
AMS Services, the Bothell, Wash.-based insurance agency automation firm, and Insurance Services Office announced today that AMS Phoenix now has a direct link to ISO products via a network-to-network c
Oregon Attorney General Hardy Myers on Thursday put out a statement concerning the agreement to settle state antitrust claims that involved improper, fictitious quoting and steering of insurance busin
Will those stubbornly lugging around piles of paper to Lloyd's and other traditional insurance markets be replaced by more efficient, tech-savvy capital market players who sip Starbucks coffee while
Claims adjusters are stuck between a rock and a hard place, pressured by superiors to be constantly vigilant for fraud, and by policyholders who want their money yesterday. But with the proper
With many of the necessary data standards and much of the required technology infrastructure already in place to allow for electronic trading, ingrained traditions and fear of change are now the
In his second bold regulatory proposal this month, New York Insurance Superintendent Eric Dinallo has again challenged the inertia paralyzing the nation's regulatory scene by pitching a plan to
Traditional insurers will quickly lose business to capital market players if carriers don't work together to drive costs and inefficiencies out of their transactions by adopting data standards and
Insurers have never been change-friendly, but to still see underwriters, brokers and claims adjusters hauling piles of paper around the market is just ridiculous, according to NU Editor In Chief Sam
For independent agents, technology has become a critical difference-maker in operating more productively and cost-efficiently. To recognize the efforts of innovative agencies when it comes to
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