Economy News

Foreclosures on the Increase in Louisiana

More than 1,500 Louisiana homeowners saw their residences swept away by seizure during the third quarter of 2010, a national company that tracks foreclosures reported Oct. 14. Irvine, Calif.-based RealtyTrac said that in addition to 1,560 foreclosure sales, another 2,819 …

How to Manage Employment Risk in a Slow Economy

The difficult economic conditions of the last few years are on top of most people’s minds. Challenging economic circumstances are adversely impacting individuals and proving destructive to public entities across the nation. The weak economy affects cities and counties everywhere …

France to Seek G20 Overhaul of Global Monetary System

France will start talks on overhauling the global monetary system during its G20 presidency to improve policy coordination and stem capital flows distorting exchange rates, Economy Minister Christine Lagarde said Thursday. France will take over the chair of the Group …

Survey: Execs Still Concerned Over Profitability, Double-Dip Recession

U.S. insurance executives report that despite improving market conditions, they remained concerned about their company’s performance and the industry’s ability to generate underwriting profit amid continuing economic concerns and the Dodd-Frank reform package. More than half (51 percent) of the …

Treasury Says Unpopular TARP Bailouts Exceeded Expectations

Despite its enormous unpopularity among voters, the government’s Wall Street bailout plan succeeded much more quickly and at a lower cost than expected, a U.S. Treasury report released Tuesday said. “The Troubled Asset Relief Program has succeeded faster, and at …

Polls Finds Opposition to Billing Auto Insurance Carriers for Accident Fees

Californians disagree with the idea that communities should levy fees on out-of-town motorists who cause accidents that require city-funded emergency response services, according to poll results recently released by a California insurance organization. In its survey fo 800 respondents, OnlineAutoInsurance.com …

The Future for Independent Insurance Agencies

I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of those forces include: legislation, case law, the Web, generational differences, the …

Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy

Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D. Power and Associates 2010 U.S. National Homeowners Insurance …

Stronger Economic Times Add to Recruitment Challenges

People are a company’s greatest asset. Yet finding the right people is often challenging, particularly in the insurance industry. While the economic downturn put a hold on hiring for many firms, the seemingly steady recovery of the U.S. and Canadian …

A Wonderful Life

McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it might appear to be a familiar tale. That’s …