Economy News

Fla. CFO Cuts State’s Workers Comp Charge to Insurers

Florida Chief Financial Officer Alex Sink ordered a 50 percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The reduction is projected to result in as much as $19 million in savings that can be passed on …

P/C insurers invest $320 billion in public projects

The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities, according to a new industry study. The report …

House bill renews federal terrorism reinsurance for 10 years

Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced HR 2761, the Terrorism …

Small business owners’ needs run large

Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and this segment continues to grow at a record pace. Everyone — the college graduate, the corporate refugee, the …

Small business owners’ needs run large

Agents can serve as partners to satisfy the demands of running today’s small business Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and this segment continues to …

House bill renews federal terrorism reinsurance for 10 years

Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced HR 2761, the Terrorism …

P/C insurers invest $320 billion in public projects

The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities, according to a new industry study. The report …

Berkshire’s Buffet, at Clinton Fundraiser, Tutors Dems on Business

Guests at a high-dollar New York fundraiser for presidential candidate Sen. Hillary Rodham Clinton were treated to cocktails, dinner and an hourlong business tutorial from billionaire Warren Buffett. Buffett, the founder of the Omaha, Nebraska-based Berkshire Hathaway Inc. and one …

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 …

Miss. Gubernatorial Candidate: Barbour ‘Beholden’ to Insurance Interests

Democratic gubernatorial candidate John Arthur Eaves Jr. told a press group that he wants to create a state program to provide health coverage for all of Mississippi’s uninsured children. Eaves also said Republican Gov. Haley Barbour is beholden to oil, …