Content tagged with Compliance posted in August 2011
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10 Steps to Minimize the Impact of a Disaster
As the Northeast cleans up in the wake of Hurricane Irene, it's appropriate to review and implement some key business continuity best practices.
AIG Reduces U.S. Investment in Subsidiary by Approximately $2 Billion
The company applied capital from the $2.16 sale of Nan Shan Life Insurance to Ruen Chen Investment Holding Company to reduce the U.S. government investment.
What Companies Should Consider When Exploring the New Government Mandate on E-Payments Initiatives
A survey of the technology landscape, showing more and more companies turning to e-payments and ways
to expedite payments through integrated solutions, makes a case for going electronic that should put
the most critical skeptics at ease.
Government Mandate Gives the Insurance Industry's E-Payments Initiatives a Big Push
Reduction in paper processing is only the beginning of benefits insurers gain through the electrification of payments, including acceleration processing and clearing, reduction of errors, improving visibility into receivables, eliminate information float, plus a range of service enhancements.
EU Solvency II Deadline Extension Helps, But Insurers Still Scrambling
The European Parliament supports an implementation deadline extension from Jan. 2013 to
Jan. 2014, but insurers will still have to get systems and processes in place by the end
of 2012.
Insurance Industry's Financial Strength Overwhelms Any Threat from S&P's Downgrade
The P&C industry has limited exposure to government bonds and has enough financial strength in
reserve to cover the equivalent of 12 Hurricane Katrinas, according to the Insurance Information
Institute.
Study Suggests Canada's Single-Payer System Costs Less than U.S.
The research from Cornell University and the University of Toronto found that American doctors must pay on average $61,000 more per year for administrative costs associated with insurance claims.
Appelate Court Throws Out AIG, Gen Re Finite Reinsurance Convictions
The reversal in convictions in U.S. v. Ferguson raises questions about prosecutors' zeal, and have
implications for civil case against Hank Greenberg filed by former New York Attorney General Eliot
Spitzer in 2005.
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