Economy News

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. …

Fla. orders 15.7% workers’ comp cut

A significant drop in workers’ compensation claims frequency and a reduction in the cost of claims have triggered a larger-than-recommended decrease in rates, at the bidding of Florida Insurance Commissioner Kevin McCarty. The National Council on Compensation Insurance had filed …

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 United States and the world to take the issue …

New Mexico workers compensation rates are cut an average of 4.2 percent

Rates are being cut for New Mexico workers’ compensation insurance premiums. The state Insurance Department has approved overall workers’ compensation rate reductions of 4.2 percent for the voluntary market and 1.3 percent for the assigned risk pool, state officials said. …

The virtual, global economy humbles insurance leaders

Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the …

Litigation trends continue to mount worldwide, report says

Insurers face five times the average number of lawsuits than other economic sectors Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even …

Everything old (or hot, modified, exotic, muscle, etc.) is valuable again

Insurance producers, follow the money. It’s going into collector vehicles of all makes, models and years. Here are three facts to illustrate. 1) Collectors spend money — lots of it — to buy and restore their collector vehicles. Hemmings Motor …

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. …

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. …

Flying solo now, former Zurich executive ‘gooses ‘ agents

A retired insurance industry executive turned turbo-charged motivational 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 …