Technology, Internet News

Trustees for LexisNexis Insurance Exchange Named

The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new Insurance Exchange Trust Inc. is charged with overseeing the …

Insurance Outsourcing Need Not Be a Foreign Concept

As more and more experienced insurance agency and carrier employees discover their retirement income isn’t what they thought it would be, many are happy to find work they can do from home to supplement their incomes. That’s where Sharon Emek …

Marsh Enhances D&O Liability Modeling Capabilities

Given today’s heightened scrutiny on publicly traded companies and the proliferation of securities class action lawsuits, properly insuring corporate directors and officers has taken on profound importance. Determining the appropriate amount of directors’ and officers’ (D&O) liability coverage to purchase, …

Cyber Crime Reaches Milestone

Complaints about Internet crimes have reached a milestone. On Nov. 9, the Internet Crime Complaint Center (IC3) logged its 2 millionth consumer complaint alleging online criminal activity. The IC3, a partnership between the FBI and the National White Collar Crime …

Ebix Reports Q3 Revenue Up 43%

Atlanta-based Ebix, Inc., which sells software and e-commerce services to the insurance industry, today reported record financial results for the third quarter of 2010. Total third quarter revenue grew to a record $33.3 million, an increase of 43 percent on …

Internet Scam Targets Insurer USAA’s Customers

USAA, the banking and insurance company that caters to military personnel, says it is investigating an e-mail scam aimed at getting its customers’ personal information. The scheme targets a wide number of people in hopes of finding some who are …

Travelers Enhances Identity Fraud Protection Coverage

Travelers has updated its Identity Fraud product to offer more protection against the most frequent problems identity fraud victims experience. The insurance product upgrades come at a time when the number of identity fraud incidents is on the rise with …

The Hanover Expands Technology Capabilities to 125 Classes

The Hanover Insurance Group, Inc. has expanded its technology capabilities, adding a suite of solutions for over 125 classes of technology businesses. The new coverages build on the company’s small commercial technology insurance offering, and include a customized commercial package …

Agency Saved From the Storm By Cloud Technology

“In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, a Trusted Choice agency in Dexter, Missouri, was severely tested on Jan. 27, 2009 when …

Chubb Establishes Healthcare Information Technology Program

Health care reform has spawned a host of privacy, information security and other liability exposures for the emerging healthcare information technology industry. In response, the Chubb Group of Insurance Companies has established a program to address the industry’s specialized risk …