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Insurance & Technology July 19, 2004 Julie Gallagher |
Modernization Boosts Speed to Market The more states that opt into the NAIC's Interstate Insurance Product Regulations Compact, the better off carriers will be.  |
Insurance & Technology February 9, 2004 Julie Gallagher |
Associations' Priorities Run the Gamut Insurance industry associations will seek to influence public policy and enforce technological efficiency in 2004.  |
Insurance & Technology December 23, 2005 Anthony O'Donnell |
Reform in Sight According to a recent study, regulatory compliance under the present state-by-state system will cost the life insurance industry $11 billion over the next decade. Still, given the recognition by all parties that change is needed, some kind of regulatory reform is inevitable.  |
Insurance & Technology June 1, 2006 Maria Woehr |
The Big (Not So) Easy The Louisiana Senate Insurance Committee has approved legislation that the Property Casualty Insurers Association of America fears could raise rates for consumers and drive insurers that still are dealing with the effects of Hurricane Katrina from the Louisiana market.  |
Insurance & Technology August 19, 2004 |
Scoring Discrepency Property Casualty Insurers Association of America (PCI) opposes National Association of Insurance Commissioners' (NAIC) recommendations on use of credit scores.  |
Insurance & Technology May 3, 2006 Maria Woehr |
Opting In or Out? As the optional federal charter for insurers hits the Senate floor, industry leaders weigh cost savings and enhanced competition against possible risks to insurance carriers -- and policyholders.  |
Registered Rep. March 6, 2009 Halah Touryalai |
Federal Regulator For Insurance Firms? Barney Frank says Yes. House Financial Services Committee Chairman Barney Frank gave insurance lobbying groups something to argue about, saying he wants lawmakers to create an optional federal charter for insurance companies.  |
Insurance & Technology November 28, 2005 Maria Woehr |
Going SERFFing The System for Electronic Rate and Form Filing may provide a possible solution to reforming the current insurance regulatory system.  |
Insurance & Technology January 17, 2006 Maria Woehr |
Constant Change The coming year's regulatory and political agenda could result in requirements for reform and increasing technology investments, which could alter the business environment for property and casualty, life, and health insurers alike.  |
Insurance & Technology January 5, 2007 Peggy Bresnick Kendler |
An Eye on the Future Insurance industry association executives speculate on the most important issues and challenges facing the insurance industry in 2007.  |
Insurance & Technology March 17, 2009 Anthony O'Donnell |
Senate Banking Committee Hears Divergent Testimony from P&C, Life Industry Representatives Frank Keating of the American Council of Life Insurers argued the need for a federal insurance regulator, while John T. Hill of the National Association of Mutual Insurance Companies said his organization supported a reformed state-based system.  |
Insurance & Technology September 14, 2006 Maria Woehr |
One Charter to Rule Them All? Insurers, analysts and vendors are weighing the benefits and risks of the National Insurance Act of 2006 - a plan to adopt an optional federally chartered regulatory system - as well as the impact the federal regulation could have on IT systems.  |
Insurance & Technology November 14, 2007 Kim Dorgan |
Life Insurance Industry Would Benefit From Optional Federal Charter The future of insurance regulation remains one of the most critical issues facing the life insurance industry.  |
Insurance & Technology June 16, 2004 Julie Gallagher |
Look On the Bright Side Rather than letting the clouds of regulation rain on their operations, insurers that look for compliance's silver lining have an opportunity to improve their business processes.  |
Insurance & Technology February 19, 2009 Anthony O'Donnell |
Federal Insurance Regulatory Proposal Draws Fire, Support Opponents of the National Insurance Consumer Protection and Regulatory Modernization Act (NICPRMA) call the bill an attempt to shoehorn optional federal charter into government regulatory activity meant to address systemic risk within financial services.  |
Insurance & Technology November 10, 2008 Anthony O'Donnell |
IT Will Power Insurance Industry Response to Crisis Technology spending will be a critical factor for insurers wishing to both take advantage of opportunities provided by the current crisis and address heightened compliance and risk management concerns.  |
Managed Care May 2004 |
Fed Takeover of Insurance Regs of Minor Concern to Health Plans A recent congressional proposal to create a council that would oversee insurance nationally would affect health insurers, but mostly in the areas of long-term care and disability, according to one expert.  |
Insurance & Technology March 6, 2009 Anthony O'Donnell |
Rep. Melissa Bean Says Federal Insurance Bill Imminent The Illinois Representative's statements call into question whether a proposed federal charter for insurers large enough to pose systemic risk to the financial services industry would be optional or mandatory.  |
Insurance & Technology April 21, 2010 Anthony O'Donnell |
NAIC Meeting's Emphasis on Solvency Will Drive Insurance IT Spend The NAIC's Solvency Modernization Initiative will drive regulation that supports global regulatory transparency and necessitate risk management and reporting technology modernization, according to Deloitte.  |
Insurance & Technology June 17, 2009 Anthony O'Donnell |
Insurance Industry Reacts to President's Financial Service Regulation Reform Proposals President Obama's proposals include enhanced oversight of the insurance sector and the establishment of an Office of National Insurance.  |
Insurance & Technology March 29, 2010 Anthony O'Donnell |
Insurance Associations Express Concerns About Financial Reform Bill Sen. Christopher Dodd's reform bill proposes only modest changes to the existing insurance regulatory regime, but industry associations are pushing back against resolution funding requirements and potentially duplicative regulation.  |
Insurance & Technology April 5, 2006 Maria Woehr |
Rocky Mountain Low Insurers and Colorado lawmakers are squaring off over a bill that would require P&C and medical malpractice insurers to disclose information related to expenses, claims and payouts, as well as restrict rating methods used within the state.  |
Insurance & Technology April 3, 2009 Anthony O'Donnell |
Industry Reacts to Federal Insurance Regulation Bill Insurance industry associations argue the benefits or drawbacks of federal regulation, optional federal charter and the priority of addressing systemic risk over shortcomings of the existing state-based regulatory regime.  |
BusinessWeek November 1, 2004 Brady & Borrus |
A Crazy Quilt Of Rules Why insurance regulations need national standards.  |
Insurance & Technology March 27, 2009 Anthony O'Donnell |
Insurance Industry Groups React to Treasury Secretary's Statements to House Committee Speaking before the House Financial Services Committee, Geithner was forthright about the need for systemic risk regulation but his comments on optional federal charter were subject to interpretation.  |
Insurance & Technology February 5, 2010 Anthony O'Donnell |
IVANS: P&C Insurers Prioritize Retention, Compliance and Operational Transformation in 2010 IT Spend Facing a negative outlook, insurance carriers are investing in IT to shore up their customer base, prepare for an evolving regulatory compliance regime, find customer retention, and find new sources of efficiency.  |
Insurance & Technology June 15, 2009 Anthony O'Donnell |
Five Insurance Trade Groups Sign Statement Supporting Optional Federal Charter The statement will be presented at the June 16 hearing on Risk and Insurance House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.  |
Insurance & Technology July 25, 2005 Katherine Burger |
A Matter of Time Federal regulation of the U.S. insurance industry is coming - maybe not this year, or even for a few years, but it is inevitable.  |
Insurance & Technology April 3, 2008 Katherine Burger |
No Surprises in Insurance Industry's Mixed Reception for Treasury Department's Endorsement of Optional Federal Charter Concerns about competitive advantage inspired the life insurance industry's welcome of the Treasury's call for an optional federal charter as part of broad regulatory reform proposals for financial services.  |
BusinessWeek June 25, 2009 Theo Francis & Mark Scott |
European Regulators Target U.S. Firms New regulatory efforts by European policymakers may put American banks, insurers, and money managers at a competitive disadvantage.  |
Insurance & Technology November 22, 2007 David West |
The Three R's Will Drive Carriers' Fates in 2008 The manner in which carriers respond to risk, revenue and regulation in 2008 will determine their fates in 2009 and beyond.  |
Investment Advisor February 2009 Marlene Y. Satter |
Presidential Directions The National Association of Insurance Commissioners has a new president, Roger Sevigny, the New Hampshire insurance commissioner.  |
Insurance & Technology June 1, 2006 Maria Woehr |
Mass. Revision Technology will play a key role in supporting the Massachusetts healthcare reform legislation - which possibly could serve as a blueprint for a national model - that would establish affordable health insurance for all residents.  |
Investment Advisor September 2006 |
Insurance Streamlining Insurers and investors of all stripes are having their day in the sun this summer with action on major legislation, including the streamlining of specialty and reinsurance regulations.  |
Insurance & Technology August 23, 2010 Peggy Bresnick Kendler |
Virtual Roundtable: How to Navigate Claims Transformation Industry experts discuss best practices for ensuring a successful claims system modernization project.  |
Insurance & Technology November 24, 2003 Greg MacSweeney |
Senate Mulls Fed. Ins. Regs As the Senate Committee on Commerce reviews the adequacy of state-based insurance regulation, segments of the industry are quickly taking sides.  |
Insurance & Technology August 12, 2009 Nathan Conz |
Modernized or Legacy, Carriers Seek To Maximize Claims Systems' ROI Though insurance companies have achieved varying degrees of modernization among their claims platforms, many are examining ways to leverage their current systems with the goal of improving the customer experience.  |
Insurance & Technology June 30, 2010 Anthony O'Donnell |
Insurance Trade Associations Mostly Relieved by Financial Reform Bill Deal Duplicative federal regulation of the insurance industry is essentially absent from the Dodd-Frank bill that emerged from a Marathon session in Congress June 25.  |
Managed Care June 2001 Michael Levin-Epstein |
Health Plans, Insurers Unsure About Likely Effect of Gramm-Leach-Bliley Insurers and financial institutions are flooding customers' mailboxes about their rights to protect medical and financial information under what's better known as the Gramm-Leach-Bliley Act. But just how GLB will affect health plans isn't totally clear...  |
Insurance & Technology April 6, 2010 Anthony O'Donnell |
Healthcare Reform Will Require Massive Insurance IT Spending Caught off guard by the passage of the Patient Protection and Affordable Care Act of 2010, insurers must modernize IT while increasing operational efficiency.  |
Insurance & Technology July 27, 2005 Peggy Bresnick Kendler |
Investing Wisely Q: What are the key issues insurers face in terms of portfolio/investment management, and how are carriers addressing those issues?... Q: How can portfolio management systems and related technologies help insurers better manage, track and report on investments and financial performance?... etc.  |
Insurance & Technology February 8, 2004 Jamie Bisker |
Core Systems: Journey to the Center of Insurance An analysis of the state of core systems, and how to create renewable systems, in the insurance industry  |
Insurance & Technology January 25, 2005 Cynthia Saccocia |
Did You Say Controlled Tech Spending? Aw, Not Again! Insurance is an industry that reacts decisively to its business cycles and urgently to intrusions of reality such as catastrophic claims, economic issues and regulation.  |
CFO April 1, 2003 David M. Katz |
Holes in the Net? Insurers' woes are mounting -- and your company's coverage may be at risk.  |
Investment Advisor August 2008 Marlene Y. Satter |
Careful What You Wish For Treasury proposes big change, but will insurance companies be happy?  |
Investment Advisor May 2009 Marlene Y. Satter |
Insurance Update: Out in the Open The National Association of Insurance Commissioners approved a compromise version of the climate change survey sent out for comments in 2008.  |
Investment Advisor July 2008 Marlene Y. Satter |
One Forward, Two Back? The Department of the Treasury released its Blueprint for a Modernized Financial Regulatory Structure, which sets forth an argument for the need for change in the financial services industry.  |
Insurance & Technology July 23, 2009 Anthony O'Donnell |
Conning: Life Insurers Prepared for Optional Federal Charter Will Enjoy Competitive Advantage Insurers prepared for what Conning calls a likely single-licensure will gain a significant advantage in the event of federal regulation of some portion of the life insurance industry, according to the research firm.  |
Investment Advisor June 2007 |
ACLI Responds To New York Times On Long-Term Care Insurance American Council of Life Insurers President and CEO Frank Keating made the following statement in response to the March 26 New York Times article "Aged, Frail and Denied Care by Their Insurers."  |
Insurance & Technology June 16, 2010 Nathan Golia |
Congressional Hearings Unlikely to Threaten Insurers' Use of Credit Scoring Congress recently held informational hearings on the practice, but experts don't see federal regulation of the use of insurance scores in the near future.  |