A global recession, which has led to layoffs and a sharp drop in consumer spending, has also created a glut of commercial real estate space around the world. Vacated properties are a significant concern because they are especially vulnerable to …
Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus (or statutory …
Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now being hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as “Chinese Drywall”). The property damage and personal injury …
Aggressive Insurance, based in Irving, Texas, has announced a new aircraft insurance program. Aggressive is initially introducing the program in Florida, Georgia, Illinois, Indiana, Ohio, Oklahoma and Texas. The program administrator expects approvals in up to 40 states during the …
Scientists are surprised at how extensively coastal ice in Antarctica and Greenland is thinning, according to a study on Wednesday that could help predict rising sea levels linked to climate change. Analysis of millions of NASA satellite laser images showed …
The secret to fixing healthcare in the United States is to focus on value, a measure that takes into account both quality and cost, says Dr. Denis Cortese, president of the Mayo Clinic. The Rochester, Minnesota-based network of clinics is …
If the suicide bombers who targeted two luxury hotels in Jakarta this year hoped their attacks would strike a significant long-term blow against Indonesia’s economy, the reaction of financial markets suggests they were wrong. Economic warfare is at the heart …
The Bill & Melinda Gates Foundation, best known for its work combating malaria, AIDS and other diseases, announced an effort this week to bring financial services, including savings accounts, to the poor. It may be hard to understand how savings …
China laid out a plan to curb carbon emissions by 2020 and U.S. President Barack Obama called on all nations to act now to tackle global warming, as world leaders tried to inject momentum into climate change talks. With less …
A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky. David C. Thomas, of Greenville, S.C. admitted he falsely portrayed himself to …
