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The board for Louisiana Citizens Property Insurance Corp. voted Thursday to borrow $100 million through bonds to cover a cash shortfall of $70 million, despite the objections of the states Treasurer.

The board for Louisiana Citizens Property Insurance Corp. voted Thursday to borrow $100 million through bonds to cover a cash shortfall of $70 million, despite the objections of the states Treasurer.

The Obama administration has imposed sanctions on Iranian companies it says provide insurance services to the country's main petroleum shipper, part of the latest U.S. effort to choke funding to Iran's disputed nuclear program.

Enservio, a provider of software and services to property insurers, announces the launch of ContentsExpress, an online contents valuation tool used to accelerate the contents claims process for property insurance claims. The solution provides a secure online tool for insurance carriers and adjusters to inventory, value, and adjust contents claims,...

Enservio, a provider of software and services to property insurers, announces the launch of ContentsExpress, an online contents valuation tool used to accelerate the contents claims process for property insurance claims. The solution provides a secure online tool for insurance carriers and adjusters to inventory, value, and adjust contents claims,...

Total insurance IT spending across North America, Europe, and Asia-Pacific will grow to $140.2 billion in 2013, according to Celent, which represents an increase of 3.0 percent over 2012 spending. The increase is slightly lower than the 3.5 percent IT spending growth increase experienced in 2012.