Economy News

Insurance Case Study: Larry and Ted

The insurance industry is changing more and more every day, and, in this day and age, any sales manager who is serious about keeping up with the changing nature of the industry and maximizing the ROI on his marketing spend …

WTO Questions China’s Export Barriers

China’s curbs on exports of some raw materials to conserve resources may not meet the stated goals, while giving Chinese manufacturers an unfair advantage, the World Trade Organization said on Monday. The remarks, in a report prepared for China’s two-yearly …

BP Claims Payments Don’t Cover Fishing Season That Got Away

Carol Terrebonne, a wholesale retailer who buys shrimp off the boats in southern Louisiana, laughs when asked about the $5,000 hardship payout she has received from energy giant BP to cushion the economic impact of the Gulf oil spill. “It …

Car Insurance Mandate Begins in Wisconsin

All Wisconsin drivers must carry auto liability insurance starting June 1, but it’s unclear how many will follow the law. Only about 15 percent of the state’s drivers are currently uninsured, which is roughly the same percentage as the national …

Mid-America Business Conditions Index at Highest Level in Four Years

The May Business Conditions Index for the Mid-America region advanced for a sixth straight month, pointing to a growing economy in the months ahead, according to the May Business Conditions survey of supply managers in the nine-state region. The index …

Flood Insurance Program Suspended Until June 7 or Later

The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to issue new policies for a week or longer. As reported by Insurance Journal last Friday, Congress left town for the …

Breedon to be Next ABI Chairman

Tim Breedon, Group Chief Executive of Legal & General has been nominated to become the next Chairman of the Association of British Insurer (ABI). He will be formally appointed at the Association’s Annual General Meeting in July when Archie Kane …

Saft: Lessons for U.S., UK from Japan’s Lost Decade

Deflation and a lost decade can be avoided it seems; all we need are perfect central bankers, sensible politicians, a biddable electorate and cooperative investors. Nothing to worry about there, then. In a speech on Monday, Bank of England Monetary …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

White Sutton Appoint Trey Harding to Main Street Business Division

Reaffirming their commitment to the Westside business community, White Sutton & Company Insurance Services announced Trey Harding as the practice leader of its Main Street Business Division. Since 1952, White Sutton & Company Insurance Services is recognized as a leading …