Florida lawmakers will have one eye on projections showing the state will face more tax shortfalls over the next three years when they meet in special session next month to cut the current budget, House Speaker Marco Rubio said. Rubio …
The Bush Administration believes that the federal backup for terrorism reinsurance should be phased out in favor of a private market for terrorism insurance and “strongly opposes efforts to expand the federal government’s role in terrorism reinsurance,” the White House …
Nobody can say how many hurricanes will hit Hawaii each year, according to a climate change expert, but there’s no doubt they’ll get worse. “I can’t tell you there will be more of them,” environmental scientist Stephen Schneider told Big …
The U.S. government has agreed with China to improve information-sharing on auto safety in the aftermath of a recall of thousands of defective Chinese-made tires over the last several months. The “memorandum of understanding” signed this week by the National …
A new study from the London-based F&C Asset Management Group sounds a warning to the insurance community that the effects of climate change could have devastating consequences. “The magnitude and frequency of extreme weather events such as hurricanes, floods and …
Standard & Poor’s Rating Services has issued a new report in its current series analyzing global reinsurance. The study – “Reinsurance In Latin America, Especially Brazil, Shows Growth Potential -” concludes that there are “good growth prospects” in the region, …
Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the overall inflation rate (2.6 percent), …
A nonprofit group is offering free assistance to miners who believe they have suffered retaliation from employers for reporting safety problems. The Appalachian Center For the Economy and Environment launched the West Virginia Mine Safety Project on Monday. Buckhannon lawyer …
Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and employment, according to the Insurance Information Institute (I.I.I.). “Besides …
Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary General of NATO Jaap de Hoop Scheffer. In his …
