The Obama administration is weighing if a new systemic risk regulator should have the power to conduct on-site examinations of banks, broker-dealers and other market players suspected of posing a threat to the U.S. financial system, a source familiar with …
Global trade could collapse if the world does not take coordinated, concrete steps to finance trade flows, British Prime Minister Gordon Brown said in comments published on Thursday. Writing in the Wall Street Journal, Brown said the global financial crisis …
Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines industry. Yet despite an economic slowdown, the majority of …
Combined Agents of America LLC (CAA) elected its 2009 management committee and added its 41st member agency. The new 2009 management committee includes: • Chairman of the Board – Bill Bridges, executive vice president of Duncan, Fraser & Bridges, Pampa, …
The world economy has avoided “utter catastrophe” and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. “I will not be surprised to see world trade stabilize, world industrial production stabilize and start to …
Legislation aimed at making access to the surplus lines market more efficient and help standardize state insurance regulation has been introduced again in the U.S. House of Representatives. Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J., members of the House …
The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist measures. “WTO accession paves the way to the broader free trade …
The current economic crisis is negatively affecting fire departments across the country, according to a survey of firefighters. More than half of all fire departments said the poor economy meant they had to increase fundraising efforts or grant writing due …
The UK’s Chartered Insurance Institute’s third annual skills survey, confirmed that “two thirds of people in insurance and financial services believe that the sector should remain committed to maintaining investment in staff training at pre-recession levels.” Another finding shows just …
The work to repair damage from last month’s tornado in Mena, Ark., has brought a building boom to the western Arkansas city at a time when most construction crews are feeling the effects of the recession. Three people were killed …
