Newsletter | April 13, 2007

4.13.07 -- AIA Supports A Long-Term Public-Private Partnership For Terrorism Insurance

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Top News Stories
Ernesta Procope, NYC, Honored By The Support Network For Contributions To Insurance Industry And Community Leadership
Ernesta G. Procope, chairman of E.G. Bowman Company, a Manhattan insurance brokerage, received the Support Network's President's Award for her outstanding contributions to the insurance industry and for her community leadership...

AIA Supports A Long-Term Public-Private Partnership For Terrorism Insurance
Charles Clarke, Vice Chairman of Travelers, testified recently before U.S. Senate Banking Committee members that terrorism remains an uninsurable risk for private sector insurers, and endorsed the view of the committee's chairman that a public-private partnership to insure against terrorism risk be continued for the long-term...

Fraternal Society Speeds And Secures Life Insurance Policy Processing
The imaging application captures new policies as they arrive at the organization as well as converting backfiles whenever underwriters or other staff request a document that hasn't been scanned. This system has eliminated the need to deliver paper to users and soon, will eliminate the need to store it. Submitted by Kofax...

AIA Applauds Massachusetts Assigned Risk Plan
The assigned risk plan being implemented by Massachusetts Insurance Commissioner Julianne Bowler will provide a fair and transparent system for insuring high risk drivers, according to the American Insurance Association (AIA)...

Congress Passes New Tax Deduction
A new tax deduction will make homes more affordable next year by allowing many American home buyers to write-off premiums for private and government mortgage insurance...

KODAK i1860 Scanner Captures GCN Best Of FOSE 2007 Honors
For the third consecutive year, Eastman Kodak Company's Document Imaging business captured honors at FOSE 2007, the government's largest gathering of information technology professionals...

PCI To Highlight Affordability And Availability Of Insurance In Urban Areas During NAIC Hearing
The Property Casualty Insurers Association of America (PCI) will testify Monday, Dec. 11 during the National Association of Insurance Commissioners' (NAIC)Market Regulation and Consumer Affairs (D) Committee's public hearing on marketplace issues that personal auto and homeowners insurance in urban areas is affordable compared to other necessary goods and services, such as housing, healthcare and utilities...

Private Market Is Best Mechanism To Address Coastal Insurance Issues, NAMIC CEO Tells Congress
The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues in the U.S. But the federal government can play a role in efforts to reduce affordability and availability problems in coastal regions...

PCI Backs Forward-Looking Approach to Natural Catastrophe Risks
A forward-looking approach that encompasses all facets of disaster preparation, response, and recovery is the best way to craft future policy solutions for natural catastrophes, according to the Property Casualty Insurers Association of America (PCI)...

Guidewire Software Announces Release Of Guidewire PolicyCenter 2.0
Guidewire Software, Inc., a provider of solutions for property and casualty insurers, announced the release and immediate availability of Guidewire PolicyCenter 2.0, a comprehensive policy administration system for commercial and personal lines of property and casualty (P&C) insurance...

Insurance Industry Struggling To Meet Heightened Data Management Demand According To Ernst & Young Actuarial Transformation Roundtable
The Insurance and Actuarial Advisory Services (IAAS) practice of Ernst & Young LLP today announced highlights from its third Actuarial Transformation Roundtable, a forum in which senior insurance executives discuss key issues, challenges and best practices...

AIG Environmental Enhances Its Environmental And General Liability Exposures (EAGLE) Program
AIG Environmental, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), today announced it has enhanced its Environmental and General Liability Exposures (EAGLE) Program...

ACE Takes Lead In Offering Brokers New Transactional Websites
ACE European Group (ACE) is taking the lead in a unique service that will offer all UK brokers a fully transactional website to enable them to sell a range of commercial insurance products from ACE and other insurers...


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