Economy News

Special Reuters Report: America’s Route to Recovery

When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school more …

Rocky 2009 Leaves P/C Agents Hoping for a Better 2010

Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder market will …

Europe Feels Left Out in Cold on Climate Change Deal

It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …

China Responds to UK Claims; Says It’s ‘Sowing Discord’ in Climate Talks

China condemned claims ascribed to Britain’s climate change minister that it had “hijacked” negotiations in Copenhagen (See IJ web site – , https://www.insurancejournal.com/news/international/2009/12/21/106116.htm]. The sharp words came from Chinese Foreign Ministry spokeswoman Jiang Yu, who said on Tuesday that the …

The Seven Universal Rules of Sales and Marketing

In today’s economic climate, it’s difficult to find consistency. Business is changing at a rapid rate in every industry, and insurance is no different. As everything from the internet to the classic bear and bull markets transform the game of …

U.N. Climate Talks End ‘With a Bare Minimum’ Agreement

U.N. climate talks ended with a bare-minimum agreement Saturday, Dec.19, when delegates “noted” an accord struck by the United States, China and other emerging powers that falls far short of the conference’s original goals. “Finally we sealed a deal,” U.N. …

Has To Get Better

It’s no secret that 2009 was a tough year. Just as tough as 2008; maybe even more so. The economy continued to tank. More businesses shut their doors. Revenues dropped for just about every business. Independent insurance agencies were no …

Rocky 2009 Leaves P/C Industry Hoping for a Better 2010

Agents Wish for Firmer Prices, Better Economy and Market Stability in New Year Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, …

Economies Slowly Recovering; Climate Change Negotiators Still Talking

Swiss Re’s recent Economic Forum at the reinsurer’s iconic London headquarters presented a far more encouraging picture of the world’s financial condition than a year ago. Thomas Hess, Swiss Re’s chief economist and head of global research; Clarence Wong, chief …

Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known

It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …