Economy News

Danish Climate Change Treaty Draft Urges 50% Emissions Cut by 2050

The world should cut greenhouse gas emissions by 50 percent by 2050 from 1990 levels with the bulk of the reduction coming from rich countries, according to a draft proposal by Denmark, host of Dec 7-18 U.N. climate talks. The …

Analysis: Despite Economy, Louisiana-Based Companies Growing

Despite the complexities of the nation’s worst economic downturn in decades, some Louisiana-based companies are showing surprising growth. The state recently has seen its count of homegrown Fortune 500 companies sprout to three: power provider Entergy Corp., engineering-construction company The …

The Buckner Company Acquires Flying J Insurance Services

Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010, continuing President Terry H. Buckner’s vision to grow Buckner’s insurance brokerage business by offering select niche market programs. …

One Insurer Bets on Political Campaigns While Another Drops Out

While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Virginia, is offering campaigns a multi-line, admitted insurance product that will cover …

Willis’ Plumeri to Be Honored at New York Charity Event

The Insurance Industry Charitable Foundation (IICF) announced that Willis Group Holdings CEO and Chairman Joseph J. Plumeri will be the honoree for its 2009 New York Division Gala. Plumeri will be honored specifically for his personal philanthropy and positive impact …

Winners, Losers in Senate Health Bill

Democrats in the Senate cleared the first procedural hurdle for sweeping healthcare reform Saturday by voting to open debate on the historic legislation. The Senate debate due to start on Nov. 30 is expected to last for at least three …

Feds Report Fewer Workplace Deaths in New England

New England recorded fewer work-related deaths last year, the U.S. Bureau of Labor Statistics reported Thursday, a trend that could be at least partly attributable to the economic downturn. Preliminary figures for the six-state region showed 136 workplace fatalities in …

New Captive Insurer in Missouri to Focus on Foodservice Industry

The Missouri Department of Insurance reported that a leader in the U.S. foodservices market has become licensed as a captive insurance company, the result of a new state law making the captive formation process easier. The department said it has …

Marsh Report Forecasts ‘Softening’ in Energy Market in 2010

A new intelligence report from Marsh concludes that “energy firms are set to enjoy a softening insurance market in 2010, as a result of increasing competitiveness among insurers and capacity being at its highest level since the capital influx at …

Floridians Concerned About Their Personal Financial Condition

Against the backdrop of the worst economic slump in more than 30 years, more than 83 percent of Floridians are concerned about their money challenges and 43 percent don’t expect to be financially stronger a year from now – some …