Economy News

EU Commissioner Sees ‘Makings of an International Trade Agreement’

European Union Trade Commissioner Peter Mandelson said on Monday he saw the makings of an international trade agreement in new proposals drafted by the World Trade Organization. The WTO is expected to issue negotiating texts early this week in readiness …

Insurers Boost California Economy by $27.3 Billion

California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report by the Insurance Information Network of California. In its …

California Discussing Sale of State Workers’ Compensation Insurer

Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this point. Gov. Arnold Schwarzenegger’s Administration …

Suhr Risk Services: Driven to Excel

Strategic client reduction helps the company to provide a concierge-level of service When a company loses more than half of its clients, that could portend a demise in business. But that’s not always the case, according to California-based Suhr Risk …

Innovation Necessary for Insurance Industry

As the insurance industry continues to be challenged with softening rates and premiums, innovation is key to long-term success, according to Julie K. Davis, executive vice president for Aon Corp.’s Wired for Growth program. Davis, a featured speaker at sessions …

Injury Hotspots From Coast to Coast

Workplaces are getting safer each year; but that doesn’t mean the cost of workers’ comp coverage will decline Ongoing efforts to curb workplace injuries have made substantial progress in most parts of the country. That’s good news for employees, of …

Insurer Executives Say More Can be Done to Attract New Talent

Encompass, The Hartford execs note that agents stand on solid ground in their role as trusted advisors Young agents today face a number of challenges, including the soft market, a downturn in the economy, and learning the skills to become …

WTO Tells U.S to Cut Trade Barriers, Improve Exports

The United States should cut barriers to its markets to help it tackle economic turmoil, and boost exports to deal with its current account deficit, the Geneva-based World Trade Organization (WTO) said. Further adjustment and reforms by the United States …

Pinnacol Distributing $55 Million to Colorado Businesses

For the fourth year in a row, Denver-based Pinnacol Assurance, a workers’ compensation insurance carrier, will issue a general dividend to its policyholders. In mid-May, eligible Colorado businesses will receive dividend checks totaling approximately $55 million. Statewide, Pinnacol is issuing …

Execs Say More Can Be Done to Attract New Industry Talent

Young agents today face a number of challenges, including the soft market, a downturn in the economy and learning the skills necessary to become a profitable and successful agent, while the industry continues to struggle with attracting new recruits. Neal …