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Industry IT Spending To Grow, But At Slower Rate in ’13: Celent
Total insurance IT spending globally will continue to grow in 2013—but at a slower pace than in 2012—and most of the money spent will go towards maintenance rather than new projects, Celent ...Cyprus Lawmakers Reject Bank Tax; Bailout In Disarray
Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...Microsoft Backs Review Of Foreign Bribery Allegations
Microsoft Corp. said on Tuesday that allegations of potential bribery by employees inChina, Romania and Italy should be reviewed by U.S. agencies and its own compliance unit, but declined to address ...Transocean CEO Says Rig Owner ‘Should Have Done More’ At Spill Trial
The chief executive of Transocean Ltd., owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, testified on Tuesday that his workers made mistakes that day, but were not responsible ...Is This Right Time to Restructure Florida CAT Fund?
A move to restructure Florida's state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill legislative battle as both lawmakers and members of the ...
Supreme Court Blocks Bid to Bypass Federal Court on Class Actions
A plaintiff seeking class action status for a claim may not bypass federal court for a friendlier state court by agreeing to cap damages below the $5 million threshold for cases federal law says ...
U.S. Telecoms Prevail On Govt. Enforcement Of Cyber Measures
Large telecommunications companies and Internet providers succeeded in convincing an advisory panel that the U.S. government should not pursue enforcement of security measures meant to bolster their ...