Over 100 representatives from the financial services sector met at Lloyd’s on Nov. 24 to listen to what the insurance industry has been doing to combat climate change. The conference, held for the first time this year, is part of …
Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the U.S. financial bailout. They argue federal funds could stabilize their trillions in investments …
The first Regional CEO Forum for Asia-Pacific held by the International Chamber of Commerce (ICC) in Hong Kong Saturday called for an immediate response to the financial meltdown by unlocking liquidity and getting trade flowing again. ICC Chairman Victor K. …
When pirates armed with little more than AK-47s and rope ladders seized a supertanker last week, they showed how simple it is to storm a ship — a vulnerability that al Qaeda could exploit to attack the global economy. Security …
Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007, largely by controlling its workers’ compensation losses. NFIB is …
American International Group, Inc. (AIG) announced voluntary restrictions on executive compensation that include a $1 salary for its chief executive officer; no 2008 annual bonuses and no salary increases through 2009 for AIG’s top-seven-officers; and no salary increases through 2009 …
“You are the current and future business leaders of the state of California,” California Insurance Commissioner Steve Poizner told an audience at California State University in Fullerton on Oct. 17, 2008. In his second visit to the University, Poizner expressed …
Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in 2009. IAG Managing Director and …
California Insurance Commissioner Steve Poizner has approved homeowners insurance rate increases for State Farm and Farmers, increasing premiums by a combined $115 million. State Farm customers will soon face an average 6.9 percent hike and Farmers policyholders’ rates will climb …
Despite the economy, many will travel by car and air this holiday weekend. An estimated 1.4 million Michiganians said they will travel during the 2008 Thanksgiving holiday period, a 6-percent decrease from last year, says AAA Michigan. AAA forecasts a …
