Economy News

Major Internet Disruption Would Cost $250 Billion in Economic Damages

A major disruption to the Internet would not only be detrimental to businesses, public institutions and citizens, but would also cost the global economy an estimated $250 billion, according to a report released by the Business Roundtable, an association of …

From the Big Apple to the Corn State

From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …

The subprime mortgage mess and the professional liability market

The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It has already generated waves of litigation, with the lawsuits …

The subprime mortgage mess and the professional liability insurance industry

According to the Bank of America, more than $1.3 trillion in adjustable rate mortgages — 70 percent of them subprime — will reset before the end of 2008. The collapse of the subprime mortgage lending industry has dominated headlines, led …

The subprime mortgage mess and the professional liability market

The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It has already generated waves of litigation, with the lawsuits …

Fraud Roundup

Everett man gets three years for arson A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance has been sentenced to three years in prison. Naveed Khan, 25, of …

Fraud Roundup

Everett man gets three years for arson A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance has been sentenced to three years in prison. Naveed Khan, 25, of …

Making sense of the subprime mortgage mess

The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It also has already generated waves of litigation, with the …

Declarations

Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office analyzing …

Declarations

Declarations Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office …