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News & Commentary
Content tagged with Compliance posted in August 2012
Concerns About Strategy & Growth Drove WellPoint CEO Braly's Resignation
News  |  8/29/2012  | 
Concerns about strategy and growth drove WellPoint CEO Braly's resignation; health insurer's board states, "Now is the right time for a leadership change" in explanation of the decision.
We’re All Risk Managers Now: Anticipating Hurricane Isaac
Commentary  |  8/28/2012  | 
Mobile apps, social media and the availability of real-time content give everyone -- from insurance company actuaries to private citizens -- sophisticated capabilities to prepare for natural catastrophes, such as the looming Hurricane Isaac.
AIR Worldwide Says 2012 US Crop Insurance Losses up to $20 Billion
News  |  8/28/2012  | 
The drought that ravaged U.S. farmland this summer will likely cause total crop insurance losses of more than $13 billion, and perhaps up to $20 billion, disaster modeler AIR Worldwide said on Tuesday.

Manulife, John Hancock Shuffle Compliance Execs
News  |  8/27/2012  | 
Kevin Cloherty has been named SVP and global compliance chief for Manulife.
8 Insurance Industry Impacts of Hurricane Andrew
Slideshows  |  8/24/2012  | 
Technology, regulation, construction and the P&C insurance industry itself all have changed since – and in some instances, because of – Hurricane Andrew, the category 5 storm that made landfall in south Florida on August 24, 1992. Here are eight ways that the catastrophe changed the way insurance companies do business.
While Floridians Reminisce on Andrew, Battle Over Insurance Rages
Commentary  |  8/24/2012  | 
Florida residents are looking back on their Hurricane Andrew experiences 20 years after the storm made landfall. Meanwhile, the state's "insurer of last resort" established 10 years after the storm faces financial issues.
Travelers Sues NFL Over Brain Injury Lawsuits
News  |  8/23/2012  | 
Several subsidiaries of Travelers Companies Inc sued the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain injury-related claims by thousands of former players and their families.
Celent’s Light: Hurricane Andrew the P&C Industry’s First Black Swan
News  |  8/22/2012  | 
The storm had a transformational effect on the industry and the public, but some of the lessons of Andrew may remain unlearned.
How to Craft Better Insurance Industry Communications: Hire Writers, Not Lawyers
Commentary  |  8/21/2012  | 
Focus group confusion leads to three communication insights related to regulatory compliance issues raised by the Affordable Care Act.
Lessons for Insurers from Progressive's Social Media Disaster
Commentary  |  8/17/2012  | 
Progressive's handling of a claim involving the death of a policyholder destroys any vestiges of doubt about the power of social media to harm an insurer's brand.
NAIC CEO Vaughan to Step Down Next Year
News  |  8/13/2012  | 
Therese Vaughan, CEO of the National Association of Insurance Commissioners, plans to spend more time with her family and edit a textbook.
Cigna Adds to Suite of Compliance Services
News  |  8/10/2012  | 
For employers who manage Family & Medical Leave Act administration in-house, Cigna created Cigna Absence Assistant.
8 Signs the Healthcare Debate Isn’t Dead
Slideshows  |  8/9/2012  | 
Opponents of the Affordable Care Act are finding a variety of ways to delay its implementation, including blocking and evading set up of the health insurance exchanges prescribed by the law. Insurance & Technology takes a closer look at the leaders in various states who have stated their own reasons for blocking these exchanges.
New Mobile Version of Insurance Technologies' VisibleChoice Amps Up Suitability Capabilities
News  |  8/8/2012  | 
New features of VisibleChoice 3.0 include mobile access and what the vendor calls comprehensive annuity sales and suitability capabilities for the solution's broker-dealer and advisor users.
Report: More Than Half of States Have No Health Insurance Exchange Plan
News  |  8/8/2012  | 
Even though the Supreme Court gave the Affordable Care Act the green light, 29 states still have no plan for one of its central components, an Oklahoma newspaper reports.
4 Items on Insurance Regulators' Radar
News  |  8/7/2012  | 
Internationalization was the main focus of the Federal Advisory Committee on Insurance's Monday meeting in Washington with Federal Insurance Office director Michael McRaith. It offered a glimpse into the priorities of state and federal insurance regulators, as well as industry observers.

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