Economy News

Power shift in the political landscape

With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues. Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic …

IIAT survey finds coastal insurance market tighter; more expensive

Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the Independent Insurance Agents of Texas (IIAT). Current insurance …

Flying solo now, former Zurich exec ‘gooses’ independent agents

A retired insurance industry executive turned turbo-charged speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as a …

Editor’s Note: Your vote still counts

The final votes from November’s midterm elections may have been tallied, yet the real political campaigning should be just about ready to begin. As expected, elections changed key roles in in the House and Senate that will undoubtedly have consequences …

PIA Management Services Named A ‘Best Place to Work’ in N.Y.

PIA Management Services Inc. has been named one of New York Capital Region’s Best Places to Work by an area weekly business publication. The Business Review surveyed more than 125 companies and their employees to identify the area’s “great places …

Industry Expects New Commissioners in Mass., Md., N.Y.

Newly-elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although the identity of any successors is unknown at this time, according to insurance industry insiders. Industry representatives are optimistic that the new …

Democratic Congress Not Necessarily Bad for Industry, Says PIA

The new Congress will alter the insurance agenda on Capitol Hill, but losses for the industry are not a foregone conclusion. That’s the after-the-election take by the National Association of Professional Insurance Agents (PIA). “The more things change, the more …

Lloyd’s James Tells PCI Threats to Industry Still Exist

Julian James, Lloyd’s Director Worldwide Markets, told delegates at the PCI Conference in Seattle that, despite the industry’s “current good fortune, I could make a strong case that we are still standing near the edge of the cliff.” While he …

Wildlife making highways hazardous

The increasing number of motorists and deer in Texas are leading to a greater frequency of collisions between the two on the state’s roadways. Cooler weather and the annual rut season should make for even more hazardous conditions in the …

Stern warning

While British Prime Minister Tony Blair has stood by President George Bush’s side on Iraq, he has parted ways with the Bush Administration over global warming, publicly and privately warning the U.S. and the world to take the issue seriously. …