Economy News

Editor’s Note: Size doesn’t matter

Big or small, company size is said not to matter in the insurance industry. At a recent agent/broker conference, Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp., told the audience that there are benefits to doing business with …

Size doesn’t matter

Big or small, company size is said not to matter in the insurance industry. At a recent agent/broker conference, Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp., told the audience that there are benefits to doing business with …

Treasury chief Paulson vows review of U.S. financial services regulation

The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the review, which will be conducted by officials at his …

Industry supports terror bill but not all agree with NBCR mandate

At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Industry supports terror bill but not all agree with NBCR mandate

At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Treasury chief Paulson vows review of U.S. financial services regulation

The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the review, which will be conducted by officials at his …

2006 Katrina-Related Recoveries Affect CSX’s Bottom Line in 2007

Railroad operator CSX Corp. said Tuesday second-quarter earnings fell almost 17 percent from a year earlier, when the company saw a gain from insurance recoveries related to Hurricane Katrina. Net income declined to $324 million, or 71 cents a share, …

Trial Set in Calif. for Latin American Banana Workers

The pesticide was designed to kill worms infesting the roots of banana trees on Latin American plantations. But at least 5,000 agricultural workers from Nicaragua, Costa Rica, Guatemala, Honduras and Panama have filed five lawsuits in this country claiming they …

Sink: Fla. Workers’ Comp Rates to be Cut in Half Next Year

While Florida business owners may still be struggling with high property insurance costs, another major business expense will go down next year: workers’ compensation assessment rates are set to be cut in half. Florida Chief Financial Officer Alex Sink this …

Kan: Flooding, Blizzards, Tornadoes Cause Millions of Dollars in Damage

The first half of 2007 has been one to forget for many Kansans as blizzards, deadly tornadoes and now flooding have caused millions of dollars in damage, disrupted lives and put a dent in the state’s economy. Of the state’s …