U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky practices. In a speech in New York that …
Bank style regulation on property/casualty insurers would lead to significant policy error, says a leading insurance industry econmist. “Bank style regulation would needlessly raise insurance costs for hundreds of millions of insurance consumers and could unfairly require insurers to subsidize …
Saudi Arabia’s insurance industry is poised for growth in the coming years if customers overcome misgivings about compliance with Islamic law and companies consolidate to gain critical mass. The world’s top oil exporter is one of the least-insured countries and …
Many insurance industry professionals are living in a dream. Their fantasy is that the soft market is ending, but nothing could be further from the truth. As long as our economy stays weak, the soft market will continue. A good …
The European Union’s economy will face serious consequences if a volcanic ash cloud that has disrupted flights across the continent continues for a long time, its trade chief said on Monday. “If this were to take long, it would really …
Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published Lockton Market Update, global insurance broker Lockton, also says the U.S. employee …
Independent insurance agencies and carriers face a hefty list of concerns for 2010 — profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again. Yet that doesn’t mean companies are cutting …
Congress Thursday voted to restore jobless benefits for hundreds of thousands of Americans who had lost them during a partisan standoff in the Senate over spending. [The bill also reauthorizes the federal flood insurance program until the end of May …
After dominating securities litigation for three years, new securities lawsuit filings related to the global credit crisis all but disappeared in the first quarter of 2010. According to Advisen Ltd’s latest quarterly report on securities litigation, overall new securities lawsuit …
Allstate Insurance Company appointed 122 exclusive agents in Texas in 2009 and is seeking to appoint another 130 agents in the state in 2010. “We see a significant opportunity in the current economy to attract mid-career, mid-level managers to own …
