Insurance News

Push Seen in Core Systems Upgrades

At the 2012 ACORD LOMA Insurance Systems Forum in Orlando, Fla., this week, a number of insurance technology solution providers announced upgrades and service improvements to their policy administration software offerings.

EquiSoft, a systems integrator for insurance companies across North America and a Gold level member of the Oracle PartnerNetwork (OPN), announced it achieved OPN Specialized status for Oracle Insurance Policy Administration.

To achieve OPN Specialized status, Oracle partners must meet a stringent set of requirements that are based on the needs and priorities of the customer and partner community.

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U.S. State Department Travel Warning for Lebanon

Today, the U.S. State Department issued a new travel warning to update Americans on the security situation and the Special Tribunal for Lebanon. U.S. citizens are urged to avoid all travel to Lebanon and those living and working in Lebanon should be aware of the current risks.

The Lebanese government is not able to guarantee protection for foreign citizens in a country where the potential for spontaneous violence remains.

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Marsh & McLennan CEO Named FACI Chairman

During the Federal Advisory Committee on Insurance’s (FACI) first meeting today, Federal Insurance Office (FIO) Director Michael McRaith unveiled the committee’s first chairman—Marsh & McLennan Companies Inc. President and CEO Brian Duperreault.

FACI comprises insurance industry experts from business, academia and consumer advocacy groups, as well as seven state insurance regulators.

Duperreault will lead the 15-member committee established to provide advice to the FIO, which was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“I am honored to have been appointed Chairman of the Federal Advisory Committee on Insurance, and look forward to working with my fellow members to help the Federal Insurance Office serve the public with informed recommendations on issues facing the industry,” Duperreault said in a statement.

In addition to his time at Marsh & McLennan, Duperreault’s 40-year career includes executive roles at ACE Limited and AIG and its affiliates. In 2011, he

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The Global Status on Polio from the CDC

Today, the Centers for Disease Control and Prevention (CDC) issued a travel notice regarding the global status of polio, a serious disease that can cause permanent paralysis and death. The travel notice includes a list of countries where polio boosters are recommended for travelers, and the list is long.

See the CDC Travel Notice on the Global Status of Polio for the list of countries.

In the late 1940s to early 1950s, polio crippled over 35,000 people EVERY YEAR, making polio the most feared disease of the 20th century. By 1979, however, the country was polio-free as a result of vaccination efforts.

Travelers can protect themselves simply by getting a vaccination for polio.

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