A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former high school English teacher to school others …
Passage of federal terrorism insurance extension buys another seven years for industry to find a long-term solution Many in the insurance industry breathed a cool sigh of relief when just five days before the Terrorism Risk Insurance Act was set …
The World Economic Forum has published a report on the state of the global economy in advance of its annual meeting, scheduled to be held in the Swiss resort of Davos January 23 to 27. The Forum’s “Global Risk Report …
A national consumer organization has charged that property/casualty insurers are unfairly overcharging for home and auto insurance at the same time they are reducing payments to insureds. According to the Consumer Federation of America, insurer overcharges over the last four …
Owners of a Texas plant that makes railroad ties were grossly negligent in failing to provide safety equipment for workers handling toxic chemicals, a pollution prevention expert testified in the first of a flurry of lawsuits by people who say …
A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity would increase over the next five years.” …
Lloyd’s announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile’s insurance practice. Following the signing of a Free Trade Agreement in 2007 “between Chile and the European Union, the South …
The start of a new year often brings jokes about crystal balls, but with the arrival of 2008, many investors are ruefully saying they don’t need fortunetelling gimmicks – they know that the problems that made 2007 painful and turbulent …
Two of Oklahoma’s largest industries, agriculture and tourism, have combined to give local tourist destinations a new level of exposure. The Oklahoma Agritourism initiative, a partnership between the Oklahoma Tourism and Recreation Department and the Department of Agriculture, Food and …
Munich Re’s loss figures for 2007 from natural catastrophes concludes that “despite the general absence of extreme events, overall economic losses had reached $75 billion by the end of December – an increase of 50 percent on 2006 ($50 billion).” …
