crisis News

Webinar: 75% of U.S. Workers Say Employer Unprepared for Disaster

Driving home the notion that most U.S. employees believe their employers aren’t prepared for a disaster or a major crisis may be one of the best way to get people to take notice that September is National Preparedness Month. That …

Lockton: Companies Overlooking Most Crucial Part of Kidnap & Ransom Insurance

The ransom and extortion industry’s danger zone has expanded well beyond Central and South America, yet companies tend to downplay the importance of a kidnap & ransom insurance policy, according to a new report by Lockton. The report, authored by …

India’s Basic Realities May Confound New Finance Minister’s Reform Agenda

The return of a pro-market reformer to India’s finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to tackle the problems dragging the economy down. Faced with …

Europe’s Tower of Babel Hampers Solution to Euro Crisis

As Europe considers a leap towards closer integration to try to save the euro single currency, it resembles the biblical Tower of Babel – unable to complete an ambitious project because the residents don’t speak the same political and economic …

World Economies Prepare for Panic after Greek Elections

Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro …

Economic Storm Clouds Continue to Gather over Europe

In many ways Ireland is a “microcosm for Europe,” said Danny McCoy, the Director General of the Irish Business & Employer’s Confederation (IBEC) at the EIF Forum. He described the present situation as a “crisis of government and of business …

Irish ‘Yes’ Vote Assures Continued Support; Euro Zone Crisis Still Weighs

Ireland held a referendum on Thursday, May 31 – a straight yes or no vote on whether the country would write the “Stability Treaty,” the austerity measures agreed to last fall by the 17 euro zone countries, into law. It …

Global Downturn Puts Investors, Companies in Retreat

Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think their money …

OECD Says Euro Zone Public Debt Crisis Far from Over

The euro zone’s public debt crisis is not over despite calmer financial markets this year, the OECD said on Tuesday, with a warning that the bloc’s banks remain weak, debt levels are still rising and fiscal targets are far from …

Best Comments on Allianz U.S. Operations Rating Actions

A.M. Best has taken the somewhat unusual step of issuing a comment on its downgrading of the issuer credit ratings (ICR) to “aa-” from “aa” and the affirmation of the financial strength rating (FSR) of A+ (Superior) of Allianz Global …