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Celent is seeing similar spending patterns to last year, but Craig Weber, senior vice president and head of the insurance practice, believes carriers will be investing in areas of growth and IT spending.

If there is any segment of the property and casualty insurance industry to worry about when it comes to investments in municipal bonds, it would be small regional companies, an industry analyst said recently.

Celent is seeing similar spending patterns to last year, but Craig Weber, senior vice president and head of the insurance practice, believes carriers will be investing in areas of growth and IT spending.

The ex officio of The Risk Management Society praised the New York State Insurance Department for tackling the issue of producer compensation disclosure when no other department would.

Competitive challenges in the property and casualty industry will continue into 2011, and insurers will need to stay ahead of factors such as cycle management, technology, and regulatory and accounting changes to separate themselves from competitors, Ernst & Young said in a recent industry outlook.

Insurance industry representatives presented a unified front in opposition to the New York City Fire Department’s plan to impose an accident tax on motorists.