Profile of Anthony O'Donnell
Blog Posts: 2240
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information technology in the property/casualty, life and health insurance industries, following the trends and issues faced by senior technology executives. In addition to reporting and editorial duties for I&T, O'Donnell also serves as a moderator and speaker at industry events and broadcasts. He began his editorial career in the healthcare industry where he reported and edited for medical publications with a variety of audiences, from the general public to physicians and researchers. He has also worked in the healthcare field as a media relations professional and Spanish/English interpreter/translator, and has taught English composition and conversation classes to native speakers of Spanish, both in the United States and in Latin America. O'Donnell lives in the Portland, Oregon area with his wife and two sons.
Articles by Anthony O'Donnell
posted in December 2008
Agreements covering a portfolio of networking services and mobility capabilities renew Blue Cross and Blue Shield Association's existing relationship with AT&T Business Solutions as its primary network services provider.
Preoccupation with financial crisis-related woes is likely to drive the new administration to implement some form of federal oversight of the insurance industry.
Near-term hurricane models introduced by AIR Worldwide, EQECAT and RMS in 2006, predicted cumulative insured losses of 37.2 billion, $40.8 billion and $42 billion respectively-seriously short of the actual cumulative losses of $13.3 billion during the specified period.
IT will play a leading role in correcting the weaknesses in managing enterprise risk that have been exposed by the financial crisis.
Insurance Tech Outlook 2009: The coming year promises to test CIOs with budget constraints and tactical challenges — but rewards will come to firms that position themselves for strategic success, say industry experts.
It is unclear whether the report's title reflects the GAO's leaden wonkishness or a terrifically dry sense of humor, but it is called "FEMA's Rate-Setting Process Warrants Attention." It will be interesting to see what kind of attention it gets when current authorization for the NFIP expires on March 6, 2009.
Given the ravages the financial crisis has wrought in the insurance industry, greater cost consciousness will return to insurance IT organizations. But unlike during the downturn following the dot-com bust, carriers are likely to sustain levels of pre-crisis spending.
Though the financial services industry has seen a precipitous change in the business environment and will adopt austerity measures, insurers are likely to be opportunistic in their technology investments.
The National Association of Insurance Commissioners (NAIC) has adopted its Reinsurance Regulatory Modernization Framework Proposal, which modernizes U.S. state-based regulation of reinsurance through the creation of two new classes of reinsurers subject to U.S. insurance regulation.
Despite the Democratic Party's dominance in the wake of the election, the financial crisis will shape government behavior more than the government's shaping regulation according to its ideological bent.
Given that a Democratic president is succeeding a two-term Republican and that, moreover, the Democratic Party has increased its dominance in Congress, the insurance industry might be expecting significant changes to ensue from the Nov. 4 election. However, the industry anticipating change more as a result of the financial crisis than the election.
A civilized world is one in which its inhabitants can concentrate on creative activities and business rather on the more fundamental concerns of self-preservation. It is only too easily for barbarians to destroy that fragile order by harming the defenseless.