News Archive from November 12, 2012
- Bring It On: With Eye on the Future, AIG Returns Core Insurance Operations to AIG BrandNovember 12, 2012With eye on the future, AIG returns core insurance operations to AIG brand; "AIG as a global insurance brand is back," declares president and CEO Robert Benmosche, in explaining new branding and "brand promise" strategy.
- Design, Not Performance, Defines Success of Online Quoting: StudyNovember 12, 2012But product satisfaction still is the greatest indicator of customer acquisition.
- New BlackBerrys Coming Jan. 30: RIMNovember 12, 2012Research 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
- New York Cafes, Shops Slammed by Sandy Struggle Back to BusinessNovember 09, 2012After filling dumpsters with
ruined inventory, many owners of New York City's shops and
restaurants find themselves waiting on emergency loans and
insurance companies or trying to personally finance their
recovery from Superstorm Sandy.
- Crum & Forster Sees New Policy Admin System as Key to GrowthNovember 09, 2012Crum & Forster to deploy Accenture Duck Creek P&C software to help streamline processes, better serve customers and drive growth.
- Customer Experience, Analytics and Cloud Will Drive Insurance Industry Growth — I&T Summit PanelNovember 08, 2012Other important factors in growth will be cultural diversity, attraction of workforce talent, and a better understanding of one’s genuine differentiators, according to a panel of winners of Insurance & Technology’s Elite 8 Award and industry ve
- U.S. Northeast Digs out from Snow Following HurricaneNovember 08, 2012New York City and much of the
U.S. Northeast on Thursday dug out from a snowstorm that
walloped a region still struggling to recover from the
devastation of Superstorm Sandy.
- Insurers Across Lines of Business Focus on Continuity Post-SandyNovember 07, 2012Current and former Elite 8s were forthcoming about business continuity plans on several I&T Summit panels.
- Insurance CIOs Embrace Their Role as MarketersNovember 07, 2012Transamerica Brokerage president and CEO Michael Babikian spoke at Insurance & Technology's Executive Summit about his time as a CMO and why it was so important that he was aligned with IT. But he wasn't the only one who mentioned the importance of the mar
- Why Insurance is Like Victoria's SecretNovember 06, 2012At the 2012 Insurance & Technology Summit, CUNA Mutual CIO Rick Roy told the audience that the company's direct-to-consumer strategy is based on some very unlikely sources.
- Obama, Romney Solutions to Stimulating the EconomyNovember 06, 2012The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to
convince voters they have a plan to usher in faster growth and job creation.
- Allstate Won't Apply Hurricane Deductibles for Sandy VictimsNovember 06, 2012Allstate and Allstate New Jersey say tropical cyclone and hurricane deductibles on property policies will not be applied for Northeast and several Mid-Atlantic states affected by last week's superstorm.
- Northeast Insurers Mop Up After Sandy, Face Formidable Claims ChallengeNovember 05, 2012Carriers that have navigated the initial business continuity challenges of Hurricane Sandy are ramping up to deal with increased claims volume as power is restored to policyholders.
- Torus Leverages Portal Tech for Expanded Small Business StrategyNovember 05, 2012The global specialty insurer has adapted its industry-leading ESCAPE portal capabilities from its beginnings in excess casualty to commercial E&O and healthcare/medical professional liability.
- Sandy Illustrates Need for Better Claims Mobility: Aite's ApplebaumNovember 02, 2012Claims technologists reported dissatisfaction with mobile capabilities before Sandy – and the catastrophe will only highlight the need, says Aite Group's Stephen Applebaum.
- RMS Says 'Too Soon' to Estimate Sandy LossesNovember 02, 2012The damage from the powerful storm Sandy
is so widespread that it is too soon to estimate losses, a
leading disaster assessment firm, RMS, said on Friday, in
contrast to rivals projecting possible insured losses of $7
billion to $20 billion.
- Friday Sandy Update: Homeowners Could Still Face Hurricane DeductiblesNovember 02, 2012A Reuters report says courts could ultimately have the final say on what policyholders pay in the wake of Hurricane Sandy.
- NY Governor Warns Insurers Not to Charge Hurricane DeductiblesNovember 01, 2012The governors of New York, New
Jersey and other U.S. states said on Wednesday that insurance
companies should not charge hurricane deductibles that cost
tens of thousands of dollars to state homeowners who file claims
for damage from Sandy because it was
- U.S. East Coast Staggers to Recover from Monster StormNovember 01, 2012Rescuers searched flooded streets and
swamped houses for survivors, drivers lined up for hours to get
scarce gasoline and millions remained without power on Thursday
as New York City and nearby coastal towns struggled to recover
from one of the biggest sto
- Eye on Sandy: Loss Estimates Double, N.Y. Exempt from Hurricane DeductiblesNovember 01, 2012The New York State Department of Financial Services told insurers that deductibles should not be triggered because Sandy did not sustain hurricane-force winds when it hit the city.
- Insurers Respond to Sandy: Report from Rhode IslandOctober 31, 2012Insurers report being prepared in advance for the catastrophe and remaining busy handling claims and other customer concerns.
- Sandy Update: Flood Insurance Program Under SiegeOctober 31, 2012With floods causing the vast majority of damage in the Northeast, the National Flood Insurance Program is in the news.
- Sandy Unlikely to Sink Catastrophe BondsOctober 30, 2012Investors who have put their
money into specialist financial bonds which cover insurance
companies from huge natural disasters are unlikely to be hit
with big losses from monster storm Sandy even though it is one
of the biggest ever to hit the United State
- Sandy "Worst Possible Category 1 Storm" for N.Y. City: CoreLogicOctober 30, 2012Dr. Tom Jeffery, chief hazard scientist for CoreLogic, says the only way to get a bigger storm surge in Manhattan is with a Category 2 storm.
- Hurricane Sandy Insured Losses Widely Outstrip IreneOctober 30, 2012Hurricane Sandy appears to have easily
caused more losses than last year's Hurricane Irene, but final
totals will be hard to come by for some time because of the
scale of the disaster, catastrophe forecasting companies said on
Tuesday.See more news