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staff Writer
Oracle Insurance has introduced the latest version of its revenue-management and billing solution, a rules-based system that enables insurers to manage billing, payments and collections using a single solution.
Sam J. Friedman
Read em and weep, folks! I couldnt help but cringe a bit as I reviewed the P&C industrys consolidated results for the first three quarters of 2011. It was bad news galore. Even the few bits of good news had a negative tinge.
Chad Hemenway
The U.S. Ocean-Marine insurance market is certainly not hard, says Bob Gallagher, president of International Marine Underwriters, part of the OneBeacon Insurance Group. He says the market is flat to slightly off.
Chad Hemenway
XL Group says it now has final approval from Brazilian regulators to start insurance operations in the South American country.
James Murdock
Laying off full-time journalists in favor of relying on freelancers and syndicated content providers has become an increasingly common strategy for media companies seeking to maintain their profits.
James Murdock
One of the fundamental business changes wrought by the Web and the explosion of digital commerce and social networking is that essentially every large company is now a major creator of content.
Chad Hemenway
Ryan Specialty Group says it has acquired Global Special Risks, a provider of product offerings for the Energy and Marine markets in London and North America.
Mark E. Ruquet
Brokers say that pricing conditions in the General Aviation market, which covers everything from propeller-driven planes to corporate fleets, range from flat to some buyers seeing some rate reductions.
Robert Regis Hyle
Policy-administration system replacement remains a top priority for insurers in 2012, particularly for large and midsize carriers, according to Matt Josefowicz. However, it is less of a priority for smaller carriers.
Shawn Moynihan
Doris Amen, funeral director and proprietor of the Jurek Park Slope Funeral Home in Brooklyn, N.Y., sends her clients out in style in a 1978 silver hearse, for which she carries commercial insurance. The vehicle is anything but subtle. People know Im coming, says Amen, who also favors a purple...
Mark E. Ruquet
The start of 2011 found aviation insurance brokers expecting a hard market for the year, instead, the year witnessed decreases and that track is expected to continue into the 2012, baring an unforeseen development.
Arthur D. Postal
Independent Insurance Agents and Brokers of America (IIABA) is trying to enlist the Treasury Department to support targeted legislation that would create true agent-licensing reciprocity across the country.
Shawn Moynihan
Given the myriad problems that can arise in the handling and preparation of a dead persons body, funeral homes face a number of unique risks that must be addressed by their insurance policies.
Chad Hemenway
The worlds largest shipping company is adding to its fleet by having built 20 of the worlds largest shipseach with the ability to haul 18,000 containers. With that many containers making the trek aboard the same vessel, insurers will bear the brunt of a vast array lossesfrom potentially multiple clients.
Mark E. Ruquet, Phil Gusman
While three separate analyses of the insurance and reinsurance markets in 2012 were unable to determine whether the industry will be able to sustain recent rate increases, all agree that the industry will face challenges this year ranging from the economy to the implementation of new regulations.
Chad Hemenway
Louisiana Citizens Property Insurance Corp. doesnt think the state Supreme Court addressed all the issues it should have before reinstating what has become a judgment of more than $100 million for policyholders.
Caroline McDonald
Corporate risk managers looking to protect their propertyand by extension, their organizations overall financial stabilityshould consider looking at their facility risks through an engineering perspective, according to one catastrophe-risk expert.
Chad Hemenway
Emerging markets in Brazil, Columbia India and East Asia are creating opportunities for Ocean Marine underwriters.
James Murdock
As traditional media companies adapt and attempt to thrive within the rapidly changing digital space, they are discoveringsometimes painfullythat their insurance coverage also must evolve.
Phil Gusman
The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricingand could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.
Mark E. Ruquet
The drop in unemployment numbers for December could translate into improved earnings for insurance brokers as increased employment means growth in employee-related premiums, one financial analyst notes.
Phil Gusman
The American workforce is aging, but the impact that having more employees in their 50s and 60s will have on workers compensation loss costs may not be as negative as originally thought, according to new research from the National Council on Compensation Insurance Inc. (NCCI).
Diana B. Reitz, CPCU
Hardly a day goes by without a news story of someone being bulliedchildren, teenagers and even adults at the workplace.
Bryant Rousseau
Im approaching my one-year anniversary as editor of NU, and the job, without question, has affected the way I see the world.
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