Economy News

Fortified building standards: Gulf Coast market

Concrete houses sprouting up in southern Alabama, Mississippi and elsewhere in the Gulf Coast region are more than just fortified structures that will protect their owners from up to 250 mph winds and 36 foot storm surges — they are …

Small businesses not always adequately covered….

The recent tornadoes, heavy rains and subsequent flooding that hit a good part of the Midwest in May remind all of us about insurance coverage issues. For many the reminder is about purchasing flood insurance for your home, for another, …

Calif. court limits employers’ liability in workers’ comp

The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five workers’ compensation proceedings with two unifying aspects — the injured worker’s …

Risk target

If the Spitzer allegations are all that newcomers to the insurance industry or anyone else know about Maurice “Hank” Greenberg, it will be their loss. His life and career have been about much, much more than the unresolved Spitzer scandal. …

The Courage to Compete

In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …

Status quo on Capitol Hill may be best

IIABA’s leader Bob Rusbuldt hopes Congress does nothing, except on TRIA Insurance Journal’s Andrew Simpson, at the IIABA’s National Legislative Conference and Convention in Washington, D.C., in April, Rusbuldt also discussed politics, government involvement in the insurance business and the …

Status quo on Capitol Hill may be best

Washington, D.C., is a bit bluer these days than it was about a year ago. The Democratic color means both challenges and opportunities for independent agents and the insurance industry, says Independent Insurance and Brokers of America’s CEO Bob Rusbuldt, …

The Courage to Compete: The World According to Greenberg

In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG was no longer selling other companies’ policies but …

While Residents, Insurers Fret, Contractors Welcome Storms

With the 2007 hurricane season on the horizon, Steve Munnell acknowledges that the state’s roofing contractors are “praying for rain.” The executive director of the Florida Roofing, Sheet Metal and Air Conditioning Contractors Association said a slow 2006 storm season …

Study: Financial Executives Expect Business Risks to Persist, Intensify

Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through 2009 and Beyond” study commissioned by commercial and industrial property …