Economy News

Cat 5 Litigation in the Forecast?

As 2008 Hurricane Claims Enter Court and New Season Approaches, Katrina Issues Linger The 2008 hurricane season was the sixth most active tropical storm season recorded since data collection began in 1851. Six storms made U.S. landfall in 2008. They …

Guernsey Welcomes ‘White Listing’

The Channel Island of Guernsey, a major captive domicile, has welcomed its ‘white listing’ by the OECD as a result of the G20 summit in London. Chief Minister Lyndon Trott said that the Island’s inclusion on a white list with …

Flunking Gramm’s Test

Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy did just fine? Remember the good old days when banks were in banking and insurance companies were in insurance …

Auto Loan Delinquency Rate on the Rise

The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. The numbers point to auto delinquencies shooting to their …

Ready, Set – OK

As this issue of Insurance Journal South Central Edition went to press, Oklahoma officials were set to award $250 million in contracts for much needed road and bridge improvements in that state. The money is part of the $465 million …

Gramm’s Test

There is a new reality. Gramm-Leach Bliley has helped bring about the biggest economic collapse since the Great Depression. Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy …

Liaisons Highlight Consumer Insurance Concerns

Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …

Minimizing Recruitment Risks

Avoiding Costly — And Unnecessary — Hiring Mistakes in a Down Economy With layoffs, downsizing and stressed-out employees, it is more important than ever for employers to fully grasp the legal aspects of hiring, managing and terminating workers. Hiring new …

Business Moves

AIG American International Group is taking down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, a spokesman said the company had decided to replace the large AIG sign — outside the entrance to its …

Don’t Let F.U.D. Extinguish Your Marketing Efforts

Overcome Fear, Uncertainty and Doubt in Agency Offices In a recession, it’s an easy decision to stop promoting your agency until the economy kicks back into gear. But is it the right one for your business? Marketing hibernation eliminates the …