News

The Wisconsin Office of the Commissioner of Insurance (OCI) said its plan to rehabilitate Ambac Assurance Corp., a Wisconsin subsidiary of New York-based bond insurer Ambac Financial Group, has been upheld by a circuit court judge.

CHSI Technologies, a provider of policy administration software, and Systema Software, a provider of workers’ compensation, and property/casualty claims administration technology, announced they have entered into a strategic alliance agreement.

Catlin Group Limited said its 2011 Arctic Survey will focus on changing conditions in the Arctic Ocean that could alter currents that influence the prevailing climate of Europe and the East Coast of North America.

A lack of market differentiators in the insurance realm makes it easier for individuals to switch companies without many material changes in service. Other than cost, customer service and fast processing are the prime differentiators that can make the difference between solid customer retention or an outpouring of customer attrition....

The continuing soft market and compliance issues will remain front and center for buyers in 2011, not just in the United States, but globally, according to a series of reports issued by insurance broker Marsh.

A statewide campaign to raise awareness about fraud is proving effective according to one study's results.