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News & Commentary
Content tagged with Compliance posted in August 2011
10 Steps to Minimize the Impact of a Disaster
Commentary  |  8/29/2011  | 
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
News  |  8/19/2011  | 
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
Commentary  |  8/18/2011  | 
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
Commentary  |  8/11/2011  | 
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
Commentary  |  8/10/2011  | 
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
Commentary  |  8/9/2011  | 
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.
Commentary  |  8/5/2011  | 
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
Commentary  |  8/3/2011  | 
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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