World leaders should make early efforts to conclude the Doha round of global trade talks as a key part of fighting the economic crisis, the head of the World Trade Organization (WTO) said on Friday. In an interview with Reuters …
Willis Group Holdings announced the formation of FINEX Global, a new division that will incorporate all of Willis’ existing London-based Financial, Executive Risk and Professional Liability business. Willis noted: “FINEX was formed in London in 2004 as part of Global …
With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …
Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found that in addition to credit scoring, their issue …
As the global economy remains in recession, a growing number of U.S. manufacturers and distributors are looking for effective ways to protect their revenue streams. In particular, firms marketing their goods and services to vulnerable industries or for export are …
According to Deirdre Littlefield, president of the International Union of Marine Insurance (IUMI), “While the insurance industry may be more insulated from failure than others in the financial sector, it will not entirely escape the damage done by the current …
Fitch Ratings has downgraded to ‘BBB’ from ‘A-‘ the Insurer Financial Strength (IFS) ratings of Exporters Insurance Company, Ltd. and its subsidiary, Exporters Insurance Company (Europe) Limited, following the closing of QBE Holdings, Inc.’s acquisition of Exporters’ renewal rights and …
Milk, toothpaste, cough syrup, pet food, eels, blood thinner, car parts, pork, eggs, honey, chicken, dumplings, cooking oil and rice — if you can fake it or taint it, you can almost guarantee it’s happened in China. A string of …
The U.S. Food and Drug Administration says it is making “significant progress” with its one-year program to protect both domestic and imported food from accidental and intentional contamination. “Science and 21st century technologies help drive the FDA’s efforts to transform …
The first Regional CEO Forum for Asia-Pacific held by the International Chamber of Commerce (ICC) in Hong Kong Saturday called for an immediate response to the financial meltdown by unlocking liquidity and getting trade flowing again. ICC Chairman Victor K. …
