insurance industry News

Insurance Symposium Set in Des Moines Next Year

Iowa officials say a new insurance symposium set for next year is aimed at bringing top industry experts to Des Moines. Iowa Insurance Commissioner Nick Gerhart tells The Des Moines Register that the two-day Global Insurance Symposium will attract industry …

Shotguns, Oscar Gowns and Giraffes, Oh My!

Just in time for Halloween, Enservio’s consulting founder, Tom Kirkpatrick, who’s worked as an adjuster, SIU investigator and contents expert/consultant, shares some of the strangest claims he’s encountered during his 35 years in the insurance industry. Kirkpatrick once worked on …

Expecting the Unexpected: Five Questions to Consider When Ramping Up Your CAT Staff

When disaster strikes, your organization’s response is only as good as your workforce. Timing is everything and you need to be staffed for the unexpected. How can you assess your human capital situation to be sure you’re ready? According to …

Top 10 Risks for Insurers: Report

As insurers adjust to a new environment of lower asset returns and stricter regulation, macroeconomic trends and a slow growth rate top the industry’s risk agenda, according to a new report released by Ernst & Young, “Business Pulse: Exploring the …

Insurers Praise New Jersey on Post-Sandy Rebuilding Rules

New Jersey Gov. Chris Christie’s decision to toughen guidelines for rebuilding following Superstorm Sandy is drawing praise from the insurance industry. The governor announced Thursday the state was immediately accepting new and more stringent building standards for flood zones. They …

Standards Organizations ACORD, DISA to Merge

ACORD, the nonprofit global data standards organization for the insurance industry, and DISA, the organization for development of healthcare and cross-industry e-commerce business interchange standards, said that the two organizations will consolidate under the ACORD banner. “This merger allows us …

NGE Launches Windshield Protection Plan

The National Glass Exchange (NGE) has launched its Windshield Protection Plans in markets across the nation. The plans supplement existing auto insurance and provide for repair or replacement of the covered vehicle’s windshield. “This is a completely new product in …

Connecticut Well-Positioned to Remain Insurance Capital: Report

The Connecticut insurance sector plays a vital role in the global insurance landscape and the state’s economy, according to a new report from the Connecticut Insurance and Financial Services (IFS) Cluster and PwC US. The 2012 Connecticut Insurance Market Report …

2013 Will Be Tough for Insurance Sector: Ovum

Continued economic pressure will force the insurance industry to take a more innovative approach to the role technology plays in their decision-making and operations, according to a new report from Ovum. A focus on mobile solutions, advanced analytics and near-realtime …

Insurance Education Foundation Director Addresses Industry Workforce Shortage

As aging personnel begin to leave the insurance industry in record numbers, the industry is developing strategies to counteract the shrinking workforce. With 15 years of property/casualty experience working as a claims supervisor and defense litigator under his belt, Kevin …