Economy News

Allianz Forecasts Emerging Asian Markets to Lead Global Growth in 2010

An anlaysis from Allianz Insurance Management Asia Pacific concludes that regional GDP is expected to grow by 6.7 percent in 2010, with Asia contributing “almost 39 percent to next year’s global economic expansion,” with China and India still leading the …

Is There a Doctor In the Firm? Businesses Hope Wellness Plans Save

Liz Sequeira, a 52-year-old primary care physician, is too young to remember when U.S. doctors made routine house calls. So to her, seeing patients in her three exam rooms on the first floor of Discovery Communications Inc.’s modern headquarters in …

Mississippi Attorney General to Target Intellectual Property Theft

Those behind the sophisticated computer software in Mississippi and elsewhere that tracks down child predators on the Internet are now targeting people who illegally download music and movies. “The good guys are ahead when it comes to tracking down child …

Aon: P/C Market and D&O Market to Further Stabilize in 2010

Property, casualty and directors’ and officers’ (D&O) liability insurance rates will continue to stabilize in 2010, according to Aon Corp.’s U.S. Q3 ’09 Quarterly Market Overview. Highlights of the market report include: Property — After increasing property rates for the …

Declarations

Battling Ida “They were literally fighting each wave. They did that for days.’” —Ocean City, N.J. resident Bob Ashenbrenner, describing local officials’ efforts to reinforce breached dunes near his home as the remnants of Tropical Storm Ida battered beaches along …

Golden State Faces $20 Billion in Red Ink

The California Legislative Analyst’s Office recently issued a report stating that the state’s General Fund is going to come up $20 billion short when its present budget ends. The report said officials are going to need to deal with the …

Declarations

Firefighting at Night “Nighttime air attack is a standard. … Such action was not taken because the USFS policy prohibits night flying. Would night flying have made a difference? No one can say for sure, but night flying is a …

It Figures

30 The number of third quarter mergers and acquisitions of insurance brokerages, according to Audra M. Szollosy, senior vice president with Hales & Co., one of the oldest and most experienced advisory and investment banking firms solely dedicated to the …

Report Shows White Collar Injury Grows in Importance

A new study from the California Workers’ Compensation Institute shows that claims from white-collar workers have assumed greater relative importance as the economy has sputtered. The study shows that on average, workers’ compensation claims from professionals and clerical workers were …

Business Moves

USAA Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have served in the U.S. Armed Forces at any time. More than 18 million …