Seen & Heard at I&T’s 2012 Executive Summit
Hot topics at Insurance & Technology’s recent Executive Summit in Rancho Palos Verdes, Calif., included the need to align insurance marketing and IT functions, how to overcome barriers to customer engagement, and an assessment of the insurance industry’s initial response to Superstorm Sandy (which occurred less than one week before the Executive Summit). Along with the discussion was high-level networking and I&T’s annual Elite 8 Awards Ceremony. Participants in this year’
N.Y. Governor Orders Insurers to Speed Up Sandy Claims
New York Governor Andrew Cuomo on
Thursday imposed emergency regulations on insurers to speed the
processing of claims from hundreds of thousands of state
residents whose properties were damaged or destroyed when
Superstorm Sandy struck a month ago.
U.S. Allows WellPoint-Amerigroup Deal to Proceed
WellPoint Inc can
move forward with its $4.5 billion purchase of health insurance
rival Amerigroup Corp after Amerigroup alleviated
antitrust concerns by selling operations in Virginia, the U.S.
Justice Department said on Wednesday.
White House Expected to Seek Billions in Sandy Aid
The White House is expected
in the coming days to send Congress a multi-billion dollar
request to fund recovery from Superstorm Sandy, which caused an
estimated $71 billion in damages in New York and New Jersey.
Making Your Mainframe Work Smarter, Not Harder
Rather than rip-and-replace, optimize your mainframe MIPS for key applications and understanding where you can redeploy MIPS-heavy workloads to alternative, more cost-effective platforms without introducing significant risk.
Cost Shifting: A Fresh Look at Soft Fraud
While safety has increased and frequency of injury has decreased, severity of injuries has increased, suggesting that medical providers are shifting costs from government and private health payers to casualty insurers.
AIG to Bid on Chinese State-Owned Insurer
Chinese state-owned insurer
PICC Group has secured pledges from American International Group
(AIG) and other investors to buy about half of its up to
$3.6 billion IPO, set to be the biggest in Hong Kong in two
U.S. Releases New Health Insurance Reform Rules
The U.S. administration on
Tuesday proposed new health insurance rules aimed at ending
discrimination against the sick and guaranteeing minimum
benefits for millions of Americans who are expected to obtain
coverage under President Barack Obama's healthcare reform law.
Insurance Cloud Success Stories
Insurers that once doubted the cloud are benefiting from the competitive and economic advantages of as-a-service models -- with great results.
AIG Bailout Lawsuit Vs. N.Y. Fed Dismissed
The Federal Reserve Bank of New
York won the dismissal of former American International Group
Inc Chief Executive Maurice "Hank" Greenberg's $25
billion lawsuit accusing it of acting unlawfully in bailing out
the insurer during the 2008 financial crisis.
How Much Self-Service is Too Much?
The key to any customer service strategy is to listen to what your policyholders say about what they want, and provide them with options for communicating with your organization. Self-service capabilities are a must, but be careful not to force feed your policyholders.
Assessing the NFIP in Sandy’s Wake: Q&A with Rep. Earl Blumenauer
If Hurricane Katrina starkly exposed the fiscal inadequacy of the National Flood Insurance Program, Hurricane Sandy has only re-emphasized the need to maintain the momentum of reform in progress. Oregon Congressman Earl Blumenauer, a champion for reform of the NFIP, shared thoughts with I&T.
AT&T Sees $1b Opportunity in Company Cybersecurity
Companies will double or
triple spending on cybersecurity in the coming years as attacks
grow more sophisticated and frequent, creating a billion dollar
business opportunity for U.S carrier AT&T Inc, it said on
Karen Clark & Co. Surveys Sandy's Damage
Key observations from the post-disaster damage survey include wind damage well inland, mature shallow-rooted trees falling and the lack of risk mitigation features, such as engineered storm shutters.
Sandy's Aftermath: "Disaster Tourists" Add Insult to Injury
If one wants to see what's happening and one doesn't have an occupational reason to be there — e.g., a reporter, relief worker or claims adjuster — then go there to help. Bring supplies, offer labor, but don't go there just to consume someone else's pain.
5 Reasons Why Carriers Must Embrace Cloud Computing
Cloud-based solutions are allowing traditional carriers to close the technology gap and get back into the game. Not only do they empower carriers to quickly get on par with their new entrant competitors, they are also able to keep pace as technology evolves, argues Dave Shively of MphasiS.
New BlackBerrys Coming Jan. 30: RIM
Research In Motion Ltd
plans to introduce its new line of BlackBerry 10 smartphones on
Jan. 30, the company said on Monday, giving investors a measure
of confidence that the long-awaited devices are nearing