News

Insurance company policy administration systems are overburdened and not meeting carrier demands for growth, adaptability and standardization, a survey by Accenture has revealed.

Big auto insurers will be examining past auto accident claims involving Toyota vehicles for possible subrogation action, an insurance arbitration executive predicted, as Allstate said it has a case review underway.

Editor Sam Friedman yesterday launched a monthly series of video interviews on NU's Web site--www.property-casualty.com--talking digital marketing for agents with top execs at Astonish Results. Sam offers a preview on his blog at www.NUSamSoapbox.com.

Insurance industry representatives said President Obama's new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.

Brown & Brown insurance brokerage said it has acquired the property and casualty business assets of Insurance Exchange Inc. of Albuquerque, N.M. Financial terms were not released.

Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.