Ward Group recently surveyed property/casualty insurers on their 2011 IT investment plans to provide guidance for the remainder of this year and determine the degree of new system implementation.
Information Technology spending is always under scrutiny, but how do insurance companies view their IT spend considering the current economic conditions?
There's never been a point in time when the financial side of the business was not important, but the recent recession created even more of a need for the financial people.
With so many reports of insurance companies choosing new systems or service providers, it appears that companies are constantly engaging in major projects to improve their systems capabilities.
Spokesmen for several major insurers said their companies had begun the subrogation process against Toyota, but little detail concerning the process or scope was offered.
Big auto insurers, who said in February they were reviewing Toyota auto accident claims for subrogation actions involving accelerator problems, have begun moving cases with the carmaker.
So far State Farm is the only insurer to unearth data linking auto accident claims to problems with Toyota manufactured cars and trucks, but airing industry statistics is still likely during two House hearings.
Only State Farm has unearthed data linking auto accident claims to problems involving cars and trucks manufactured by Toyota, but industry statistics are still likely to be aired during two House hearings on the issue this week.