Study: Insurers' IT Spending Fell 8% Last Year

NU Online News Service, May 22, 3:29 p.m. EDT?U.S. insurance companies spent some $19.7 billion on Information Technology in 2002, a drop of 8 percent compared with the previous year, according to a research firm study.

The study by IDC of Framingham, Mass. added that among the various IT areas of expenditure, hardware spending took the largest hit last year.

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