April 14
The Hartford and IBM Ink $500 Million Cloud Accord
The Hartford and IBM Ink $500 Million Cloud Accord Move Aimed at Agent and Customer Service The Hartford and IBM (NYSE: IBM) just announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The project will leverage the expertise of both firms, market insights and research […]
Can Spring be far behind…?
Can Spring be far behind…? We need some thought and some thaw on several fronts, as Spring starts to show its green. How could any legislator ignore the fact that the Terrorism Risk Insurance Act (TRIA) saves U.S. taxpayers billions of dollars to cover losses that could result from a terrorist attack? A RAND Center […]
Pension Stripping and De-Risking
Pension Stripping and De-Risking Pension what? Is this some form of new TSA security protocol? A new energy source? An X-rated event for old people? No, but it does involve the alchemy of converting pension obligations into annuities. Corporations, particularly large organizations with massive pension obligations, are always looking for ways to reduce or stabilize […]
A Collapse is a Collapse is a Collapse?; What’s your Problem? More on Improvements & Betterments; ISO’s New CGL Data Breach Exclusions; Labor Law Claims Continue to Keep New York’s Courts Busy
A Collapse is a Collapse is a Collapse?; What’s your Problem? More on Improvements & Betterments; ISO’s New CGL Data Breach Exclusions; Labor Law Claims Continue to Keep New York’s Courts Busy A Collapse is a Collapse is a Collapse? “Is a Collapse a Collapse if nothing actually Collapses?”1 If we could channel Gertrude Stein, […]
Auto Insurance Under the Knife
[FEATURE] Auto Insurance Under the Knife Standing Committee on Insurance Holds Public Hearing to Examine High Costs and Coverage Gaps By Betty Flood and Casey O’Brien ALBANY, N.Y.—The New York Assembly Standing Committee on Insurance held a public hearing on April 10th to examine the automobile insurance market in the state. The hearing was conducted […]
This Internet Thing of Ours
This Internet Thing of Ours Recently, Symantec Corporation, whom we all know as the folks who build counterattack and virus protection software, released a study regarding cyber-attacks, and in their report they state that “we have only seen the tip of the iceberg” according to Property Casualty 360. The report discloses that Cyber Crime is […]
No Excuse For Failure to Appoint Umpire
No Excuse For Failure to Appoint Umpire The Supreme Court of Alabama was asked, in Ex parte Tower Insurance Company of New York Inc., 1120228 (Ala. 08/23/2013), to grant a petition for a writ of mandamus filed by an insurance company, an independent adjusting firm, and an adjuster employed by that firm (collectively “the petitioners”) […]
5 Tech Trends Revolutionizing the Insurance Industry
5 Tech Trends Revolutionizing the Insurance Industry By John Sarich From property & casualty to healthcare, big technology changes are coming for the insurance industry. With the onset of the Affordable Care Act, a whole new world of required technology has become necessary for health insurers. And while property & casualty is typically reluctant to […]
Clumsy Regulation Puts Insurance at Risk
Clumsy Regulation Puts Insurance at Risk By Diane Katz, Thomas A. Roe Institute The Senate Banking Committee convened this week to examine recent moves by federal regulators against insurance companies. There exists considerable confusion on and off the Hill about Washington’s place in what has always been the states’ regulatory domain—confusion produced by lawmakers’ careless […]
