January 05, 2011
To deal with a record deficit, New York’s new governor is looking to make cuts in state government, and he is eyeing the state’s insurance department as one area to promote efficiency.
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January 05, 2011
If the end of 2010 and beginning of 2011 is any sign of things to come from a mergers and acquisitions perspective, then this year could be a very active season for brokerages.
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January 04, 2011
Mobile users now have the ability to get a quote and purchase a policy from GEICO by using their iPhone or Android mobile application....
January 04, 2011
Reinsurance rates have decreased by as much as 10 percent as of the Jan. 1 renewals, as two leading reinsurance brokers indicated there are reasons for concern in the marketplace.
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January 04, 2011
Liberty Mutual reached an agreement with two state attorneys general to pay a total of $7.5 million to settle allegations it engaged in a bid-rigging and kickback scheme with insurance brokers.
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December 22, 2010
Novarica, a research and advisory firm focused on markets, operations, and technology for insurers and financial institutions, has promoted Chad Hersh to partner.
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December 21, 2010
Oracle Insurance announced the availability of Oracle Insurance Insight 7.0, an insurance-specific data warehouse and business intelligence solution ...
December 21, 2010
Oracle announced the release of Oracle Documaker Enterprise Edition, the company’s solution for creating and managing enterprise communications....
December 20, 2010
In some cases we’re improving our core technology by extending legacy systems that are generally meeting our needs today. ...
December 20, 2010
The National Association of Insurance Commissioners (NAIC) decided to pursue its own program for the collection of surplus lines taxes....
December 20, 2010
Rep. Dennis Moore, D-Kansas, has introduced legislation in Congress with strong support from the reinsurance industry that would create a federal license for reinsurers....
December 20, 2010
Workers’ compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that “put a number of workers’ comp [insurers and reinsurers] into the grave,” according to a Moody’s Investors Service report.
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December 20, 2010
Investment bank Keefe, Bruyette & Woods (KBW) said mergers and acquisitions accelerated during the 2010 second half, indicating that larger companies with abundant capital are looking for “opportunistic growth.”
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December 16, 2010
IASA, in partnership with Ward Group, announces submissions are now being accepted for the 2011 Technology Innovation Award. ...
December 16, 2010
New York Life Insurance Co. announced the start of a new social networking initiative designed to allow financial representatives the ability to connect and engage with customers in the social media arena....