Union Mutual of Vermont has completed Phase I implementation of ISCS's product, SurePower Innovation. The system provides the carrier a flexible, web-based platform to deliver service to its policyholders and increased ease-of-doing-business to independent agents.

State Farm has been fined $150,000 and is ordered to stop coastal non-renewals for three years following a market conduct examination in Delaware.

A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

Strategy Meets Action (SMA), an insurance strategic advisory firm, announces a new research report, Usage Based Insurance/Telematics: A Catalyst for Change with results of a survey of North American property and casualty insurers indicating that 75 percent of insurers believe usage-based insurance (UBI) will fundamentally alter the auto insurance industry...