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INNOVATION

FSS Unveils Insurance Fraud Detection System

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Written by U.S. Insurance News   
Saturday, 20 December 2003
Korean Financial Supervisory Services (FSS) has announced that they will be using a new system of uncovering fraud with the recent launch of their insurance Fraud Detection System (FDS). FDS was developed using Visual Analytics, Inc.’s VisuaLinks, an award-award winning pattern detection system.
 

Massachusetts Gets MassXpress

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Written by U.S. Insurance News   
Saturday, 20 December 2003
American International Technology Enterprises, Inc., a member company of American International Group, Inc. (AIG), has announced the release of MassXpress, a web-based product developed to expedite the process of applying for auto insurance in Massachusetts.
 

Hartford Makes Ocean Cargo Safer for Businesses

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Written by U.S. Insurance News   
Sunday, 14 December 2003
The threat of swashbuckling pirates with a parrot on their shoulder has been replaced by new risks for containers on the high seas and in cargo holds of airplanes. Shipping goods remains a risky, complicated aspect of international trade, as it did centuries ago.
 

Travelers and InStar Announce New Real-Time E-Service

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Written by U.S. Insurance News   
Sunday, 14 December 2003
Travelers Property Casualty Corp. and InStar Corporation, an agency management system provider, has announced new real-time e-service capabilities for loss runs, electronic policy viewing and billing inquiries for small commercial insurance policies using IVANS Transformation Station.
 

US Bank Offers SBA Loan Program That Invests in Challenged Communities

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Written by U.S. Insurance News   
Sunday, 30 November 2003
US Bank, in conjunction with the US Small Business Administration (SBA), is rolling out a new loan program geared for businesses in: (1) low-to-moderate income communities, (2) areas with high concentrations of minority residents, and (3) businesses owned by women, minorities and veterans. This program will help bolster areas that are facing economic challenges.
 
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