Economy News

California Commissioner Hopeful: Assemblyman Dave Jones

On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why he has the experience to tackle such topics …

French Retirement Protests Take Violent Turn

Masked youths clad in black have torched cars, smashed storefronts and thrown up roadblocks, clashing with riot police across France as protests over raising the retirement age to 62 took a radical turn. Hundreds of flights were canceled Tuesday as …

Willis Consolidates, US, UK Group Mining Practice

Willis Group Holdings announced that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, which will report to Steve Hearn, London-based Chairman of Global Markets International (GMI). The new group will bring …

Tide of History Runs against Would-be G20 ‘Grand Bargain’

Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China’s surprise decision to raise interest rates for the first time since 2007. Higher rates ought to push up …

U.S. Says ‘End is in Sight” on Russia’s Bid to Join the WTO

Russia could join the World Trade Organization within a year after talks on Moscow’s 17-year-old bid made good progress, President Barack Obama’s senior economic adviser said on Wednesday. “We are certainly hopeful that well before 12 months from now, this …

Georgia Insurance Commissioner Race: Top Priorities, State Role, Money

One candidate to be Georgia ‘s next insurance commissioner thinks the state should build on its risk management schools to become a national leader in alternative risk transfer innovation. Another wants the state to eliminate its tax on premiums and …

Assemblyman Mike Villines

Republican Mike Villines was elected to the California Assembly in 2004 to represent the counties of Fresno and Madera. He serves on the board of the State Legislative Leaders Foundation, a nonprofit organization that provides educational programs for leaders of …

Layoffs Don’t Have to Mean Lawsuits

The difficult economic conditions of the past few years are on top of most people’s minds. Challenging economic circumstances are adversely impacting individuals and proving destructive to public entities. The weak economy affects cities and counties everywhere, and no person …

Workers’ Compensation Results Spiral Down

The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing the highest combined ratio posted by the composite since it recorded a 118.6 in …

The Power of More

Why the Time is Right for Agency Networks They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but …