Economy News

More on scores

Declarations “The growing use of credit-based insurance scores affects millions of consumers. We look forward to hearing from a range of perspectives including state insurance regulators, consumer advocacy groups and industry on this important issue.” — U.S. Representative Melvin L. …

Declarations

More on scores “The growing use of credit-based insurance scores affects millions of consumers. We look forward to hearing from a range of perspectives including state insurance regulators, consumer advocacy groups and industry on this important issue.” — U.S. Representative …

Lubbock Businessman Appointed to Chair Texas Mutual Board

Texas Mutual Insurance Company announced that Richard Cooper of Lubbock has been named chair of the company’s board of directors. Cooper replaces Martin Young Jr. of Houston, who served as chair since 1995. Cooper is president of National Travel Systems, …

Recovery Tracker: New Orleans Population may be 300,000

New Orleans’ population, which fell more than half after Hurricane Katrina, may be back to two-thirds of its pre-storm level, with about 300,000 residents, a group tracking recovery trends says. The U.S. Postal Service says it is now delivering mail …

Associated Industries of Florida Forms Financial Security Council

Formation of a Financial Security Council will provide an opportunity for business leaders across Florida to focus on key financial service issues such as development of public policy recommendations on property insurance, according to the Associated Industries of Florida. “AIF …

N.Y. City Safety Officials Reassure Public After Steam Pipe Blast

Although last week’s steam pipe explosion in New York City raised worries about the city’s vulnerability to attacks, law enforcement officials said this week they aren’t concerned that it might have given terrorists any ideas. Federal, state and city law …

Terror Insurance Act Moves Forward in House with Lowered Event Triggers

The federal Terrorism Risk Insurance Revision and Extension Act moved out of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises this week and on to the full House Financial Services Committee. The measure (H.R. 2761) …

AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China

American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its subsidiary, AIU Insurance Co. (AIU), has been …

Florida’s workers’ comp trust fund coffers overflowing with cash

It’s almost unheard of for a state to try to stave off positive cash flow, but for its overstuffed workers’ compensation trust fund, that’s what Florida is doing. With more than three times the amount of money in the state …

Florida’s workers’ comp trust fund coffers overflowing with cash

It’s almost unheard of for a state to try to stave off positive cash flow, but for its overstuffed workers’ compensation trust fund, that’s what Florida is doing. With more than three times the amount of money in the state …