Affinion Group, a leading provider of insurance programs, announced expansion and enhancements to its online functionality for the marketing of Accidental Death & Dismemberment (AD&D) group insurance.
Affinion, which has provided over half a billion dollars in benefits to insurance policyholders since 2005, is targeting these online capabilities to the regional banks and credit unions seeking [...]

FIS Software, a provider of enterprise level end to end insurance policy administration systems, today announced that Binghamton, New York based Columbian Financial Group (CFG) has completed the implementation of FIS’s Agency Management System (AMS), a component of FIS’s flagship ALIS policy administration platform. With AMS, CFG now manages its independent agent workforce using a [...]

In a time of financial turmoil, the insurance industry faces an unprecedented opportunity to begin selling on value and not on price, Joe Plumeri, Chairman and CEO of Willis Group Holdings the global insurance broker, told delegates at Insurance Day’s Summit Bermuda here. Delivering the keynote address at today’s event, Plumeri said that the [...]

The US economist Robert Shiller is to be awarded the Deutsche Bank Prize in Financial Economics for his contributions to the field of financial economics. “Through his innovative work exploring the dynamics of asset prices, Robert Shiller has become a pioneer in the field of financial economics. His findings on the volatility of share prices, [...]

Experienced insurance coverage attorneys Walter Andrews and Matthew Jacobs are co-chairing a legal conference on the insurance coverage litigation implications of the financial crisis at The Harvard Club here on March 18, 2009.
The event is being produced by HB Litigation Conferences LLC, formerly Mealey’s Conferences.
Jacobs is partner with Jenner & Block LLP in Washington, DC, [...]

Kingsway Financial Services Inc (”Kingsway”) announced today that it has cancelled the special meeting of shareholders called for February 10, 2009 as a result of the settlement with Mr. Joseph Stilwell and his associates (the “Stilwell Group”) of the matters giving rise to the requisition for the meeting
The settlement involves the appointment to the Kingsway [...]

Security Benefit, a 116 year old, Kansas based financial services institution has tapped CoSentry Business Resiliency Networks to help the firm increase its level of protection while lowering the total cost of its business continuity program.
“In recent days, we have seen how keeping financial institutions up and running is fundamental to the economy and how [...]

VIST Financial Corp. announced today that the US Treasury granted preliminary approval to VIST for $25 million in capital as part of the U.S. Treasury Department’s Capital Purchase Program.
“We believe that participation in the Capital Purchase Program, which is targeted to qualifying financial institutions, is in the best interest of our shareholders,” said Robert [...]

In response to Moody’s Investors Service’s (Moody’s) downgrade of bond insurer Financial Security Assurance Inc. (FSA) to Aa3 with developing outlook, Robert P. Cochran, chairman and chief executive officer of Financial Security Assurance Holdings (FSA Holdings or the Company) and Financial Security Assurance Inc. (FSA), said: “We disagree with Moody’s on a number of points [...]

As U.S. financial organizations plot their course for 2009, many are waiting to see how the federal government will handle the current financial crisis under a new presidential administration. Successful organizations will be those that are not only able to adjust to a changing regulatory landscape, but ones that can also demonstrate they are embracing [...]