Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of import-export activity of emerging economies have boosted the marine and …
The number of workers’ compensation claims has gone down since a 2005 Missouri law made it harder to prove workplace injuries. Insurance premiums also have declined for businesses. Republican Gov. Matt Blunt touts that as a success. But Democratic Auditor …
Oklahoma’s economy will not be substantially affected from the credit crisis that led to the bankruptcy of Lehman Brothers, officials said. Bank failures are expected in several states, but Oklahoma Banking Commissioner Mick Thompson said state banks, for the most …
American International Group Inc. shares sank 48 percent on a report that regulators might take control of the giant insurer, though a U.S. government source said federal agencies do not have legal authority to put AIG into a conservatorship. Bloomberg …
On Sept. 16 at 9:00 PM EDT, the Federal Reserve issued the following statement on AIG: The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend …
It’s not quite business as usual in Houston Monday after Hurricane Ike knocked out power to millions, shattered skyscraper windows and wiped out water pressure in the nation’s energy hub. In the midst of an oil boom, the storm’s destruction …
Insurance executives expect sub-prime and other credit issues to continue to have a significantly negative impact on the industry’s financial performance in 2009, and they see credit and pricing risks as posing the most significant challenges over the next three …
In a new report the Conference Board, a non-profit, business research organization, has concluded “restrictions on greenhouse gas emissions (GHG) are not feasible without significant productivity growth and a transfer of technologies from advanced to emerging economies.” The analysis appears …
Cargo theft accounts for up to $25 billion in direct merchandise losses each year, according to the National Cargo Security Council. With more than 675,000 registered interstate motor carriers moving 65 percent of the freight in the United States, the …
Lloyd’s Sixth Annual London City Dinner at Merchant Taylors’ Hall on Thursday night featured a keynote address by the Governor of the State of Rio de Janeiro, Sérgio Cabral. In his opening remarks Lord Levene, Chairman of Lloyd’s, described the …
