The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office budget. Insurance companies in the Hundred Group …
“With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing increased overall risk on their balance sheets,” states A.M. Best. The company recently announced the findings of stress testing …
European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody’s downgrade of Portugal’s debt to “junk” cast new doubt on EU efforts to rescue distressed euro zone states without debt restructuring. European Commission President Jose Manuel Barroso …
Nearly two-thirds of mid-size U.S. companies expect higher profits in the next 12 months, and many plan to borrow more and increase hiring and investment, according to a survey by JPMorgan Chase & Co. The survey highlights one of the …
Strong export numbers are boosting the economy in nine Midwest and Plains states, even though high raw material costs have hurt profits, according to a new monthly report released June 1. The overall economic index for the Mid-America region rose …
Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK’s Queen Elizabeth II, the first by a British monarch in 100 years, and the upcoming visit of President Obama, as …
Tax-related regulations and concerns over health care burden many small business owners today. Nearly two out of three business owners believe that tax-related regulations are too burdensome, while 51 percent find health insurance mandates challenging, according to the Travelers Institute’s …
States with the most violence are spending billions of dollars on medical care and prisons and recording lower productivity than more peaceful states, according to a new study on the effects of peace and violence on the economy. Maine is …
Japan’s government expects last month’s earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far higher. Tokyo Electric Power Co (TEPCO), operator of the crippled Fukushima nuclear power plant, could leave …
Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the University of Arkansas Division of Agriculture, said …
