News

Five major property and casualty insurance brokers announced acquisitions recently, continuing the busy pace set at the beginning of the year.

A two-year investigation by the California Department of Insurance’s Fraud Division has resulted in the arrest of 20 people allegedly involved in a Los Angeles-area auto insurance fraud ring that cost insurers more than $1 million.

Changes in regulatory reporting for insurers are being debated within the industry and the outcome remains uncertain, but after surveying insurance leaders StoneRiver discovered some surprising opinions from insurers.

It hasn’t been the easiest time for running an IT shop in the insurance industry, according to Ellen Carney, senior analyst for Forrester.

A survey of insurance IT leaders conducted by Strategy Meets Action show 83 percent of carriers on the property/casualty side are keeping tech spending levels flat or with slight increases.

Instead of concerns, I actually see this as the most optimistic time for technology leaders working in the insurance sector. The technology available today far exceeds anything we would have thought possible just five years ago.