IT Spending To Remain Flat, Says Tower
NU Online News Service, Feb. 7, 3:35 p.m. EDT?Information technology spending this year for the U.S. insurance industry overall will remain "relatively flat," with property-casualty insurance posting a slight gain, according to research from Needham, Mass.-based TowerGroup.[@@]
"In the context of such divergent issues as terrorist threats, state and federal regulatory activity, competition from other financial services players and tight global economic conditions, TowerGroup forecasts a cautious approach to technology spending by U.S. insurers in 2005," the researcher said in its announcement of the research results.
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