Economy News

Last Chance to Join IJ’s 2010 Agency Salary Survey

Insurance Journal is calling on all insurance agents and brokers nationwide to find out who’s worth what in the independent agency system. It’s the last chance for agents and brokers to participate in the 2010 Agency Salary Survey. Results of …

Insurers Disagree With Calif. Over Divesture of Iranian Investments

California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be doing business with the Iranian energy, nuclear and …

Assemblyman Villines to Run for Calif. Insurance Commissioner

Assemblyman Mike Villines, R- Fresno, made his candidacy for California Insurance Commissioner official by filing the necessary papers at the Fresno County Registrar of Voter’s office. Villines said he is committed to protecting California consumers, keeping insurance affordable and working …

What If Women Ran Wall Street?

If women ran Wall Street, Treasury Secretary Timothy Geithner’s job cleaning up the bloodied financial markets might not be so tough. In opening a Women in Finance Symposium that brought together top female government figures such as Sheila Bair and …

Insurance Agents, Carriers Make Progress in Modifying Dodd Bill

Insurance agents and carriers are reporting progress in their efforts to modify a proposed federal financial services regulation bill passed by the Senate Banking Committee, while risk managers have extended their support to the legislation. Lobbyists for the Independent Insurance …

Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey

Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2010 Agency Salary Survey results will be …

Innovative Use of Insurance Tools in Disaster Risk Management for Sustainable Development

The devastating effects of Hurricane Ivan in the summer of 2004, when it crossed the Caribbean Sea causing major damage in Grenada, Jamaica and the Cayman Islands, produced one good thing. The Caribbean Community and Common Market (CARICOM) heads of …

UK Risk Managers Warn of Harm to Business in New Solvency II Proposals

The Solvency II reforms, as currently proposed, “would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover,” according to the UK’s AIRMIC (the Association of Insurance and Risk Managers). “As a result …

Survey: Michigan Firms Plan to Hike Wages Over Next 6 Months

While a growing number of Michigan’s small- to mid-size businesses are not satisfied with the economy, a recent survey indicates that more businesses plan to increase wages over the next six months. In the semi-annual Future Business Index, a study …

Airing Out the Issues of Money Laundering

Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible …