Economy News

Disruptive forces in the insurance industry: Constructive or chaotic?

Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the Insurance Industry Charitable Foundation’s 8th Annual …

Climate Change: The potential insurance costs and what’s being done

Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …

Catching up on climate change

What insurers in U.S. and worldwide are doing to address the effects of climate change Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on …

Fortified building standards: Gulf Coast market salvation?

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 …

Disruptive forces in the insurance industry: Constructive or chaotic?

Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the Insurance Industry Charitable Foundation’s 8th Annual …

Case Law Watch

Anti-assignment Clause Holloway v. Republic Indemnity Co. of America (Oregon, Nov. 16, 2006) Ruling: At issue on this appeal was whether an anti-assignment clause that provided that “[y]our rights or duties under this policy may not be transferred without our …

Conn. Cheers Insurance Industry Even As It Recognizes Growth Challenge

Connecticut’s venerable insurance industry was celebrated at the state Capitol this week, though its lackluster job growth also was noted. “The industry is as significant a part of Connecticut as it has been in earlier years,” Ronald A. Williams, chief …

IPCC Delegates Hammer Out Climate Change Report in Thailand

International delegates struggled into the night Thursday to agree on ways of cutting destructive greenhouse gas emissions-or face economic and environmental catastrophe caused by global warming. China has emerged as a key voice in the debate this week at the …

Florida Lawmakers Faced with Lengthy to-do List in Final Week

The Republicans who control the Florida Legislature swore they would solve the property tax imbroglio before the 2007 session ends May 4, but their competing bills remain unresolved along with several other bills of importance. The state’s $70 billion budget …

IPCC Conference Opens in Bangkok on How to Combat Global Warming

The costs of cutting greenhouse gases and who will pay for doing it are likely to be the key issues at a major U.N.-backed climate change meeting of scientists and diplomats in the Thai capital this week, participants said Sunday. …