News

Learning from changes that occurred through the financial crisis, insurers are looking for agile systems that can change with the marketplace, but carriers also must incorporate customer intelligence into their decisions, analysts said.

Analysts raised red flags about the future of American International Group at a congressional hearing.

NOAA, the nation's weather service, predicts an above average season, with an increasing likelihood of a major storm reaching the shores of the United States.

Agents must prepare for a changing insurance world, focusing more on sales and advisory roles and less on simply moving information from consumers to insurers, according to an industry analyst.

Of insurance chief executive officers surveyed, only half believe their enterprises are adequately prepared to handle a highly volatile, increasingly complex business environment, according to a survey released by Armonk, N.Y.-based IBM.

The Federal Reserve Bank of New York came under intense fire at a congressional hearing this week for its decision to allow 100 percent payback for counterparties to AIG credit default swaps after it bailed out the firm in September 2008.

Expanding potential liability for employers and their employment practices insurers, the U.S. Supreme Court gave the green light to an employment case involving the use of tests that have a disparate impact on a protected employment class.

Given the number natural and man-made catastrophes already omnipresent in today's news, it hardly seems fair to point out that tropical storm season is here, and by most predictions, will be a season to remember.