Across all industries, technology spending is beginning to rebound. A recent survey of more than 150 IT executives by AberdeenGroup found that 87% plan to adjust their IT budgets during the next 6 to 12 months. The average change in IT budgets forecasted for the remainder of 2003 is a 3.4% increase. However, nearly 20% of surveyed firms plan to decrease their IT budgets. Firms appear to be accelerating their plans on purchasing technology infrastructure, and the purchasing cycle for infrastructure appears to be ahead of the application software cycle, Aberdeen notes.
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Insurance payouts for Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd's of London Chief Executive Officer John Neal.
March 28 -
Telematics data class action; NHTSA grants for state crash data collection and more legal news.
March 28 -
With its checkered history of risk placement process modernization fading away, the London Market is now pushing towards a bright new data future.
March 27Ebix Europe -
Property and climate risk solution provider's new product pairs property data and AI assessments of roof images.
March 27 -
A series about Insurtech 2.0 as an evolution and movement, the data management foundations, and how advances will improve claims and underwriting.
March 27 -
A tanker bound for Sri Lanka hit a pylon on the Francis Scott Key Bridge in Baltimore, causing it to collapse in seconds. What are the insurance implications?
March 26