The insurance industry was the second most fraud-prone industry sector behind communications according to a global economic crime survey released by PricewaterhouseCoopers.

Many insurers are unaware of how much information technology is available to them, and many IT providers don't fully understand what areas carriers want to spend on, according to a study.

Insurers have experienced alarming decreases in return on assets and face legislation and other forces making their business increasingly competitive, a consulting firm report has found.

Many insurers are unaware of how much information technology is available to them, and many IT providers don't fully understand what areas carriers want to spend on, according to a study.

Insurers have experienced alarming decreases in return on assets and face legislation and other forces making their business increasingly competitive, a consulting firm report has found.

Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, meaning more people are spending time on the road.

American International Group Chief Executive Robert Benmosche has written company employees telling them he is committed to leading the firm and they should ignore speculation he planned to quit.

The depth of reductions in U.S. property and casualty insurance rates, which had been slowing over the course of 2009, accelerated again last month, MarketScout reported.