Economy News

In Midwest, Economic Downturn Makes Soft Market Even Tougher

In recession-battered Michigan and elsewhere, agents pursue opportunities despite market conditions When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwest states. Michigan has …

It’s the Soft Market, Stupid

It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in Detroit or Jacksonville than in Boston …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Southeast Agents Fear Recession as Construction Woes Continue

Shrinking payrolls and receipts exacerbate soft market effects of lower premiums and commissions Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes …

‘State v. Federal’ Fight Heats Up

In the face of growing economic turmoil the Bush administration is calling for an overhaul of system of regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …

Recession? In South Central States it Depends Upon Where You Are

With some notable exceptions — southern Louisiana for one — the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in Arkansas, Louisiana, Oklahoma and Texas and …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Recession, Soft Market Forcing Western Agents, Brokers to Refocus

Whether the nation is in a true recession may still be up for debate, but it’s difficult to ignore the signs of economic slowdown throughout the West — and its effect on the insurance industry. New home construction is grinding …

Subprime Crisis Reveals Larger Problems in Government Regulation

America is in the midst of a significant financial crisis. A meltdown in the subprime mortgage sector and the resulting credit crunch are threatening to drag down our economy. We applaud the aggressive steps taken by the Federal Reserve Bank, …

Double Whammy

It starts with the housing market. Then it seeps into construction, typically residential followed by commercial. Then it travels to manufacturing, then retail, then hospitality. It differs by region. It might be worse in San Francisco or Las Vegas than …