News & Commentary
Content posted in August 2006
Safeco Launches Real-time Policy Change
News  |  8/30/2006  | 
Safeco rolls out a Web-based tool allowing agents to make instant changes to commercial auto policies.
One Year After Katrina: Improved Technology Helps Insurers Weather the 2006 Hurricane Season
News  |  8/30/2006  | 
Insurers assess risk of this year's Atlantic hurricane season with improved catastrophe modeling and risk decision geographic information systems technologies as well as better property and catastrophe data management.
Most IT Pros Are Looking For A New Job, Says Survey
News  |  8/30/2006  | 
Some 73% cited the desire for better pay as the main reason for their search, while 40% are looking for better benefits.
Fraudsters Jump On ’Ernesto’ Domain Names
News  |  8/29/2006  | 
A security firm thinks possible fraudsters have been busy registering domains with the name "Ernesto," hoping to cash in on another Katrina-style disaster.
Steel Card Expands ChoicePoint's Insurance Software Range
News  |  8/21/2006  | 
Listen to this episode (6:25) Maria Woehr, Associate Editor of I&T speaks with Jeffrey Glazer, president of ChoicePoint's Insurance Division about the vendor's strategy to dominate the P&C industry software space and how Steel Card's acquisition will open up the vendor's product offerings to personal lines.
Accenture Acquires NaviSys
News  |  8/21/2006  | 
The vendor consolidation trend heated up a few more degree with Accenture's announcement that it will acquire NaviSys
IBM Looks to Dominate Content Management Market With FileNet Buy
News  |  8/16/2006  | 
IBM will continue to develop both platforms, an executive promises, and the FileNet name will live on.
Steel Card Expands ChoicePoint's Insurance Software Range
News  |  8/16/2006  | 
California-based vendor adds P&C personal lines software to ChoicePoint's Insurity subsidiary's commercial software capabilities.
Vendor Consolidation Heats Up
News  |  8/16/2006  | 
A predicted wave of insurance technology vendor consolidation manifested itself on an impressive scale over the last week or so with the announcement of several deals.
Measuring Success
News  |  8/14/2006  | 
The ability to deploy limited technology resources effectively can create a competitive advantage for insurers. But what's the best way to measure deployment results?
Web Appeal
News  |  8/14/2006  | 
Harleysville Insurance collaborates with its agents on IT projects to break away from the competition.
Alliances & Partnerships
News  |  8/10/2006  | 
McClintock Makes Music
News  |  8/10/2006  | 
It is not unusual to see the metaphor of orchestration applied to a project that was well run, or to see an effective leader likened to an orchestra's conductor.
Jackson Drives Strategy
News  |  8/10/2006  | 
Since he arrived at Triad Guaranty Insurance (Winston-Salem, N.C.), a subsidiary of Triad Guaranty ($57 million in 2005 net income), George Jackson has spent more than eight years building state-of-the-art technology for the firm.
Executive News
News  |  8/10/2006  | 
Policy Roundup
News  |  8/10/2006  | 
Frankfort, Ky.-based Investors Heritage ($433 million in total assets) has joined three other unnamed carriers in issuing life insurance policies under CrailHuntly's (Overland Park, Kan.) Combosurance package -- Basic Permanent.
Fulfilling Agent Requests
News  |  8/10/2006  | 
Compliance Automation
News  |  8/10/2006  | 
Responding to growing pressure on insurers to comply with federal regulations such as Sarbanes-Oxley, the Gramm-Leach-Bliley Act, the Federal Information Act and HIPAA, ControlPath (Englewood, Colo.) launched ControlPath Compliance Suite 3.0.
Rating Risk
News  |  8/10/2006  | 
Fitch Ratings (New York and London) unveiled Prism, a global economic insurance capital model that will be added to its evaluations of carriers' enterprise risk management.
Rapidfire Connection
News  |  8/10/2006  | 
Fiserv Insurance Solutions (Brookfield, Wis.) and Scene Genesis (Rochester, N.Y.) will integrate their claims solutions -- Fiserv's Claims Workstation system and Scene Genesis' Scene Access and SceneConnect -- to streamline P&C claims settlements.
Enhancing the Enterprise
News  |  8/10/2006  | 
Insurers are rethinking ECM strategies to benefit the entire enterprise rather than business silos, resulting in customer service, productivity and compliance improvements.
The Road to Security
News  |  8/10/2006  | 
As business technology evolves, so do the threats it faces. While financial services firms tend to do a very good job of protecting information, frequent, high-profile data breaches show that the work is never done.
Taming Paper Tigers
News  |  8/10/2006  | 
With Software AG's BPM product suite, American Community Mutual Insurance Co. automates its new-business underwriting process.
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News  |  8/10/2006  | 
Service Lloyds automates application-submission process and adds real-time quotes to keep agents happy.
Ground-Breaking Event
News  |  8/10/2006  | 
BCBSTX's focus on repeatable process and a standardized platform will benefit rollout of latest contact center.
Desjardins Modernizes
News  |  8/10/2006  | 
Quebec-based insurer will migrate 80 percent of its applications and data onto a modern Oracle/Unix platform by 2008.
Insurity Enhances Its Range
News  |  8/10/2006  | 
The addition of ePolicy's Java-based offering gives Insurity a full menu to answer the policy admin needs of commercial insurers.
Contracts
News  |  8/10/2006  | 
Deadline Debate
News  |  8/10/2006  | 
Citing significant IT modifications and investment, health insurers request a deadline extension for bill requiring upgrade of HIPAA codes.
Murphy’s Law Lives!
News  |  8/10/2006  | 
Real estate, and consequently PARKING SPACE, is at a premium in Hoboken, the northern New Jersey town where I live.
Main Street America Chooses Insurity
News  |  8/2/2006  | 
Straight-through processing and speed-to-market drive The Main Street America Group's selection of Insurity's Policy Decisions system.
MetLife Auto & Home Taps Xactware
News  |  8/2/2006  | 
In an effort to speed claims turnaround MetLife Auto & Home has chosen Xactware's Xactimate and XactAnalysis estimation software to simplify communication between the carrier's field staff and claims office.
WellPoint Launches Online Wellness Program
News  |  8/2/2006  | 
Health insurer's 360* Health program fosters preventative care and helps to pave the way toward adoption of universal electronic medical records.


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