Americans will make up virtually all of the growth in the U.S. work force in the coming years as a nearly unprecedented number hold onto jobs and younger people decide to stay in school. The study by the Pew Research …
Now that the hurricane season is well underway, Louisianans remember when Katrina came ashore, late in August 2005, with a storm surge that eventually flooded New Orleans and leveled many Gulf Coast towns, costing more than 1,500 lives and causing …
A report from Aon’s London office concludes that “2009 Insurance premiums are predicted to remain flat for offshore energy business for October’s renewals.” The premiums are dependent on location, loss history and the limits sought, according to Aon. “This is …
Argus Group Holdings Ltd and Tremont International Insurance Ltd have reached a settlement with buyers and holders of life insurance and annuity policies lost in the Bernard Madoff fraud, according to court documents Tuesday. The lawsuits were filed following the …
Two years into the global financial crisis, global reinsurers’ performance to date could be counted as an achievement, given the state of the financial services industry and the economy, says A.M. Best. The reinsurance industry entered 2009 with sound underwriting …
With the U.S. economy mired in recession, workers are finding themselves stuck in bad jobs with such annoyances as managers who berate employees and bosses who hold meetings in bed. Unable to make a move when jobs are scarce and …
In a move that was not completely unexpected, California Insurance Commissioner Steve Poizner announced that he will file a lawsuit to have the $1 billion sale of State Compensation Insurance Fund (SCIF) assets declared unconstitutional. Poizner said the transaction could …
The insurance industry is a key player in Ohio’s economy, according to the Ohio Insurance Institute (OII). With 261 insurance companies located there, Ohio is a top state for industry employment with close to a $6 billion payroll, according to …
The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess the current status of insurance …
California Department of Insurance commissioner Steve Poizner today announced in Los Angeles that recently compiled statistics show that financially desperate residents and scam artists may be committing more automobile insurance fraud to cash in on insurance money. The Department of …
