Economy News

Vietnam, Business Leaders Hail Historic U.S. Free Trade Vote

Vietnam hailed a historic vote in the U.S. Congress on Saturday that fully normalized trade between the two nations, a final milestone in the process of reconciliation between the former foes. “This event is of major significance for the ties …

Study Shows Iowa with Significant Insurance Industry Job Growth

A recent 48-page study by the Connecticut Economic Resource Center Inc. said that Iowa now surpasses Connecticut for insurance company job growth. From 1995 to 2005, insurance jobs in insurance companies in Connecticut increased by 2.4 percent, from 51,820 to …

Report Details How Conn. Economy Still Depends Upon Insurance Sector

Connecticut remains dependent upon the insurance sector for many of its jobs and much of its economic growth, a new report by an industry coalition confirms. The state has triple the U.S. average of insurance carrier jobs and the highest …

Political furor arises over proposed SW Idaho flood map expansion

As local officials work to boost southwestern Idaho’s economy, the National Flood Insurance Program may expand its flood-plain maps — which could cost residents and business owners millions in additional insurance. A new NFIP survey of flood structures in the …

Declarations

Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it does to our entire American economy. Eliminating all contingent compensation …

Declarations

Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it does to our entire American economy. Eliminating all contingent compensation …

News Currents

Political furor arises over proposed SW Idaho flood map expansion As local officials work to boost southwestern Idaho’s economy, the National Flood Insurance Program may expand its flood-plain maps — which could cost residents and business owners millions in additional …

La. Legislative Panel Adds $1.6B to Budget but Stalls on $827M

Louisiana’s budget has been boosted by $1.6 billion, money lawmakers can spend in a special session scheduled to start Dec. 8. But the Senate president blocked attempts to enrich financial forecasts by another $827 million, complicating Gov. Kathleen Blanco’s plans …

Swiss Re’s Economic Forum Focuses on Emerging Markets, Industry Outlook

Swiss Re’s recent Economic Forum noted the strong opportunities for insurance protection in emerging markets and a solid outlook for the insurance industry in 2007. The Forum, which began in London on Dec. 5, indicated that the “insurance industry can …

La. Gov. Presses Ahead with Special Session for Dec. 8-17

Despite calls to cancel, Gov. Kathleen Blanco issued her formal plan Dec. 2 to bring lawmakers back to the Capitol for a special legislative session to spend as much as $2 billion in new state dollars on pay raises, tax …