The property/casualty (P&C) industry has the opportunity to dramatically improve operational efficiencies and increase productivity by deploying electronic data interchange (EDI) methodologies to handle medical billing and payments. For most claims operations, billing and payments account for the highest volume …
Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that. And being a sponsor is one of the best …
Kemper Corporation announced that effective May 20, 2013, Elizabeth “Libbie” Bock will join Kemper as the chief financial officer for its Property & Casualty Group. In her new role, Bock will report to Denise I. Lynch, Kemper’s Property & Casualty …
American International Group, Inc. announced several executive appointments in its property/casualty business segment, effective immediately. Robert Schimek will become president and chief executive officer of AIG Property Casualty’s Americas region. Schimek will relocate to New York from London, where he …
Casentric, LLC, a provider of intelligent decision-making software for property/casualty claims, announces the launch of CaseXpert, an innovative software-as-a-service application that helps adjusters investigate, evaluate and negotiate more effectively the damage and liability components of property/casualty claims. The software enables …
Cross Insurance, a subsidiary of Cross Financial Corp., an independent insurance provider in New England, announced the opening of a Boston office, specializing in higher education’s insurance and risk management needs. Cross Insurance Boston – The Higher Education Division, located …
The property/casualty insurance industry is poised to embrace new technology in 2013, according to to Brian Vannoni, Guidewire’s director of product marketing. He identified the top five tech trends and predictions for 2013. “Acceleration of Tier 1 insurers considering packaged …
Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, which has promoted weaker profitability. …
Insurance mergers and acquisitions in the U.S. continued to gain momentum in 2011, with a focus on strategic transactions. Transactions increased in every market segment, including property casualty, life and annuity, health, distribution and service firms, according to a new …
Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 percent. Profit for the six months ending June 30 was 12.8 billion yuan ($1.9 billion), Ping …