The Berne Union* closed its recent biannual meeting in Helsinki Finland on a tone of cautious optimism for global trade and investment. The Union’s bulletin pointed to “a resurgence in credit insurance capacity and a leveling off from the surge …
A new study from the U.S. Chamber of Commerce shows that small businesses shoulder a sizable burden of the nation’s tort liability costs, having paid $105.4 billion in 2008— a third of it out of their own pockets. According to …
God only knows what will happen to churches and other nonprofit organizations that say they are struggling for survival because of the Gulf oil spill crisis. Months after the Deepwater Horizon rig exploded and its well started gushing oil, the …
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to recovery. The IMF said the euro …
Leading climate scientists on Thursday welcomed a British report that cleared researchers of exaggerating the effects of global warming and said they hoped it would restore faith in the fight against climate change [See IJ web site – https://www.insurancejournal.com/news/international/2010/07/07/111360.htm]. The …
Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically. According to the U.S. Census Bureau, 1,931,400 homes …
Lloyd’s managing agents are predicting their businesses will get a big boost from the market being granted a licence to write direct insurance in China [See IJ web site – [https://www.insurancejournal.com/news/international/2010/05/19/109979.htm]. Stephen Catlin, Chief Executive of Catlin Group Limited and …
Bob Harper thought he’d found a better health-insurance deal. The Oklahoma man bought coverage from an outfit called American Trade Association (ATA). The price seemed affordable, and he thought he’d save decent money while maintaining a solid healthcare safety net. …
Underwriters from London’s marine insurance market are looking at how to comply with fresh sanctions being imposed on Iran, a senior Lloyd’s Market Association (LMA) official said on Friday. Iran, the world’s fifth-largest crude oil exporter, depends on its seaborne …
The Chubb Corporation announced that the China Insurance Regulatory Commission (CIRC) has granted approval to its wholly owned subsidiary, Chubb Insurance (China) Company Limited, to establish a branch in Nanjing, Jiangsu Province. Chubb said that additional approvals from CIRC and …
