Hellman & Friedman, a private equity investment firm has reached an agreement to acquire insurance software provider Applied Systems, from Bain Capital, in a transaction valued at nearly $1.8bn. Other parties who will also invest the ...
Tags: Hellman&Friedman, Applied Systems, $1.8bn
Unique Seaflex, a Unique Maritime Group company, which is one of the world’s leading integrated turnkey subsea and offshore solution providers were recently contacted by Saipem in Portugal who were looking to urgently conduct a 550t ...
Several states are going beyond Affordable Care Act provisions to further protect consumers from health insurance premium increases, U.S. researchers say. Researchers at the Urban Institute and Georgetown University analyzed the ...
Tags: safeguarding, consumer, high insurance, rate
The US Consumer Financial Protection Bureau (CFPB) has imposed a monetary penalty of $100,000 on Republic Mortgage Insurance Corporation (RMIC) for allegedly paying illegal kickbacks to mortgage lenders in exchange for business. In a ...
Tags: Insurance, Kickbacks Practices
Calling it a "game changer" for West Virginia, Gov. Earl Ray Tomblin announced that Odebrecht will build an ethane cracker and three polyurethane plants in the Mid-Ohio Valley region. Odebrecht is an established international petrochemical ...
Tags: Shale, oil, gas, processing, facility, Wood County
Tinkoff Online Insurance, a part of TCS Group Holding, has selected Guidewire Software's InsuranceSuite to streamline its underwriting, rating and policy administration, claims management, and billing operations. The company will install ...
Treating the elderly didn't drive the U.S. increase in healthcare cost from 2000; 91 percent was from professional services, drugs and devices, researchers say. Dr. Hamilton Moses III of the Alerion Institute in North Garden, Va., and the ...
Tags: elderly, healthcare, cost, drug
Xuber, Xchanging’s insurance software business, has been selected by Everest Reinsurance Company (“Everest Re”) to implement Xuber for Reinsurers in place of its existing legacy system. The deal marks the first customer to ...
Amerisure Mutual Insurance Company, a Property/Casualty (P/C) commercial insurer, and Guidewire Software, Inc. (GWRE), a provider of software products to P/C insurers, announced that Amerisure has selected Guidewire ClaimCenter as its new ...
Tags: Insurance, Guidewire System
U.S. government agencies say they closed the loopholes that kept insured patients from being treated for mental illness or substance abuse. "This final rule breaks down barriers that stand in the way of treatment and recovery services for ...
Guidewire Software, Inc. (GWRE), a provider of Property/Casualty (P/C) insurance software products, announced that AIG Japan is in the process of implementing Guidewire PolicyCenter as its new underwriting and policy administration solution ...
Tags: Guidewire, Billing Systems
UK-based insurer Beazley has launched a new product, called Deal Protect, to cover losses from inaccuracies in representations (reps) or warranties made in share or asset sale and purchase agreements. The new coverage, which is ...
Guy Carpenter & Company, a provider of risk and reinsurance intermediary services, has released version 7.2 of its risk and capital management decision-making tool, MetaRisk. The enhanced tool, which features several new catastrophe ...
British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
In a recent announcement spokesperson for CoverAustralia , the online life insurance brokerage firm, stated that they are now offering their clients a free life insurance calculator. This life insurance calculator was designed to take the ...
Tags: Insurance, Calculator