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10/13/2008 News For: Average Commercial InsuranceState drops insurance requirement for solar power State legislators hope eliminating an insurance mandate on solar-generated energy sold to Alabama Power Co. could drive down energy costs and create ?green? jobs. Cyber Slumber: A Wakeup Call for Commercial Insurance and the Companies That Buy It It's a bold statement, but one that needs to be said--traditional insurance polices were written for a world that no longer exists. In today's business environment, most organizations are based on a data-driven, network-dependent model that has created the need for a new type of risk protection product. New health insurance option offered for small businesses Typically only larger businesses risk paying employee medical bills with their own money rather than buying health insurance. Patricia Andriolo-Bull: Insurance policy For two years, Patricia Andriolo-Bull has been the person in charge of the state?s Commonwealth Choice program. Along the lines of an insurance clearing house, Commonwealth Choice offers private, unsubsidized insurance plans to individuals and businesses looking to comply with the state?s law mandating health coverage for nearly every resident. Insurance / Perspectives Historically, high inflation in Latin America has been blamed as one of the main factors hindering growth in the insurance business. However, increased solidity and economic stability has helped premiums grow for five consecutive years through 2007 in Latin America. Fidelity, Vanguard join money-fund insurance plan Fidelity Investments have joined the U.S. Treasury's emergency insurance program for money-market mutual funds, pushing the participation rate to more than 95 percent of assets managed by the industry. Businesses knee-deep in insurance quagmires Businesses affected by Ike could have yet another ordeal ahead ? understanding their insurance coverage and haggling with insurers. Participants' insurance claims history raises 'red flags' in latest auto fraud case LAWRENCE ? Investigators with the city's auto insurance fraud task force consider their latest probe a classic "frequent flier" case. "Frequent flier" is the nickname the auto insurance industry labels those with five or more claims in 10 years. Such high claim totals generally raise red flags about the credibility of claimants and suspicions about possible fraud. Managers profit from insurance outsourcing The amount outsourced by US insurance companies to asset management companies rose by 10% to hit $1 trillion ???737bn last year, according to a report. It is predicted billions more will follow, forming a significant source of business for fund managers. Insurance Fraud Bureau of Massachusetts to Cut Hours from Investigations with i-Sight Investigative Software Customer Expressions, the creators of the i-Sight Investigative Software, announced today that the Insurance Fraud Bureau of Massachusetts has implemented the i-Sight Investigative Case Management Software to streamline its investigations of insurance fraud. IFB briefly considered building a new case management system in house, but knew it would be faster and more cost-effective to find an ... |