AIG, Greenberg and Smith Resolve Disputes
Under the terms of the settlement, the parties have agreed to release each other from all claims, including any claims by Greenberg and Smith against AIG for indemnification of future legal fees and expenses or settlement costs.
Saskatchewan Workers' Comp Board Implements FINEOS Claims System
The implementation of the FINEOS claims system will help WCB reduce the number of supported technologies, as well as positioning WCB's technology infrastructure to improve the electronic exchange of information with employers, care-givers and other third parties.
Novarica: More Insurance Software M&A in 2010
Renewed M&A activity in the insurance software space in the latter half of 2009 presages a plethora of deals in the coming year, according to a new report by the New York-based research and advisory firm.
Progressive Details Twitter Strategy
Progressive and other insurers are learning by doing on social media sites such as Twitter, where opportunities for customer engagement abound.
Trizetto Launches Value-Based Benefits Solution
The solution gives payer organizations the ability to customize benefits and other incentives for individual members based on their health status, chronic conditions and health and wellness activity.
Government Report: NY Fed Could Have Done More in AIG Negotiations
Apparently, the New York Fed could have done more last year when it was negotiating with AIG trading partners. At least that's what Troubled Asset Relief Program special inspector general Neil M. Barofsky suggests in a government report officially released today.
Mere Efficiency Insufficient for Securing Positive Return-on-Assets
The argument about the limits of mere efficiency appear to be supported by Deloitte's report that despite major improvements in labor productivity over the last four decades, many US industries - including insurance - have experienced alarming decreases in their return-on-assets.
AAA NCNU Selects Exigen for Policy Admin and Billing
The Exigen PolicyCore and BillingCore solutions are aimed at helping AAA Northern California, Nevada and Utah transition from its legacy systems and gain the systems agility needed to support rapid expansion.
Accenture/Guidewire Battle Rekindles
The latest salvos in the Accenture/Guidewire legal battle have been fired, with Accenture filing a new suit on Nov. 10 in the Delaware District Court adding to the exiting case before Judge Sue L. Robinson. Guidewire fired back the next day with a press statement alleging, in essence, that Accenture was engaging in what observers of the software industry and others have sometimes termed "competition by litigation." Accenture has now reacted to Guidewire's statement.
Esurance: The Differences Between E-Commerce Companies and Insurance Companies
The night before Esurance CIO Phil Swift teamed with his colleague, director of systems engineering Deepak Srinivasan, to deliver the opening presentation of the 2009 Insurance & Technology Executive Summit, he told me that one of his big picture goals was to get Esurance to operate and think of itself more as an e-commerce company and less as a traditional insurance company.
AIG's Benmosche Threatens to Quit
Let's say your brother-in-law nearly drove his business into the ground. You step in as an investor for the sake of the family, pouring in a significant portion of your own money into the enterprise. To punish your B-in-L for being such a good-for-nothing, you proceed cut the salaries of all the company's sales reps, even though they can command a better salary at competitors. No one in his right mind would do this, including the decision-makers of the federal government. But then they're not i