Economy News

University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies

When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his immense compensation package had nothing to do with his firm’s death in 2008. Ken …

India’s Economic Reforms in ‘Limbo’ as State Elections Near

Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have lost a political window to push …

P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing

It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains financially solid despite the weak U.S. economy and soft …

6 Ways Agents Fail Their Workers’ Comp Customers

Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you get the fish, …

M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace

Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …

Taiwan’s Legislature Approves China Trade Pact

Taiwan’s legislature has approved a landmark China trade pact, bringing the economies of the once bitter foes to their closest point in more than 60 years. The legislative vote late Tuesday came seven weeks after the signing of the Economic …

ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’

The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions, notably North America and Asia, saw slowing …

Best Affirms MAPFRE RE’s A+ Ratings; Outlook Negative

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative outlooks. The ratings reflect MAPFRE RE’s “integral role” within the …

101 Sales & Marketing Ideas*

From … how to research and obtain referrals, why it’s important to listen to clients, what to do with social media, where to advertise and what to say … to how to use a questionnaire, court records, a disposable phone …

Declarations

Health Care Challenge “While this case raises a host of complex constitutional issues, all seem to distill to the single question of whether or not Congress has the power to regulate — and tax — a citizen’s decision not to …