Economy News

What Young Agents Value About Being Independent

Good things come to those who wait and work hard. Even in today’s challenging economic climate, young independent insurance agents remain hopeful and happy to be in a profession that allows them to work independently, be their own boss and …

FDIC Head Favors Interagency Panel to Oversee Systemic Risk

The head of the U.S. Federal Deposit Insurance Corp said Friday that she favors a council of regulators over one entity to oversee systemic risk in the financial system. “If there was a (interagency) council for systemic risk, that would …

Addressing Systemic Risk Without More Bureaucracy

America’s market-based economic system once created the largest economic engine in the world and gave this country one of the highest standards of living in history. However, that system now faces a credibility crisis of great proportions. The extraordinary and …

World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk

Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the U.S. economy in …

Europe Votes to Adopt New Solvency Rules for Insurance by 2012

The European Parliament voted this week for new regulation of insurers that aims to cut costs by giving one national regulator the lead role in monitoring insurance companies operating across several EU nations. EU lawmakers’ approval finalizes a preliminary deal …

Studies Show Why Most Producers Fail with Leads……

Free White Paper reveals how to triple your conversion rates on all leads. The economy has forced many of your prospects into a shell. How do you get them out? According to a 2007 MIT Study, 78% of prospects buy …

Q&A: AIG’s New AIU Tries to Rebrand In Challenging Market

Last month, shortly after American International Group, Inc. CEO Edward Liddy announced that AIG would be spinning off its global insurance operations into a new entity to be known as AIU Holdings, Inc., Insurance Journal’s Andrew Simpson spoke with John …

It’s Not Easy Being Green; But It’s Profitable

Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green can be profitable. The green building market is steadfastly …

We’re in Good Hands With State Regulators

Editor’s Note: The following commentary originally was addressed to Thomas Feyer with New York Times in response to an opinion expressed by Tom Wilson, CEO of Allstate, advocating federal regulation of insurance.. Contributing to the current economic volatility have been …

50 Things Independent Agents Like LEAST

The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old what they like least about being an independent agent. Here’s what some of the 692 agents who took the survey had to say: Lack of …