Economy News

Midwest Economy: North Dakota Tops Region in Job Growth

The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions. The Creighton Economic Forecasting Group uses the same methodology as the national survey to consult supply managers and business …

China’s Economy Set to Pass Japan’s as World’s Second Biggest

China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …

2010: A Revolutionary Year for Truckers Insurance

The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle that has …

Wisconsin Supreme Court Sides with Physicians in Med Mal Trust Fund Fight

The Wisconsin Supreme Court has ruled that the state’s taking of $200 million from the Wisconsin’s Injured Patients and Families Compensation Fund (IPFCF) to help balance the general budget was unconstitutional. The state must now pay back the full amount …

Upside of the Downside: P/C Brokers Serve Distressed Property Market

The vacant and distressed property segment has been a beacon of light for insurers and brokers as the economy has forced the closure of businesses and halted construction projects, resulting in a number of vacant buildings across the country. The …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …

The Economy and the Homeowners Market

How the Economy Turned Optional Coverages into Mandatory Enhancements Offering comprehensive homeowners coverage in today’s insurance market is not only good business, but a necessity. Insuring the property for full replacement cost is key. With the current economical impact on …

Top 100 2010 Privately-Held Independent Agencies

About This Report: The economy and soft insurance market continued to hammer some of the nation’s leading independent insurance agencies in 2009. Property/casualty premiums written fell for 37 percent of the privately-owned agencies and brokerages on Insurance Journal’s Top 100 …

Globalization: How Systemic Risks Have Altered the Financial World

When the present Lloyd’s building was completed in 1986, the architecture was called high tech, but inside you would have found that the offices contained no Internet, no e-mails and no World Wide Web. Since the construction of this building, …

Strategic Planning in Difficult Times

Why It’s Important to Create Meaningful and Reachable Goals Let’s start off with three simple questions. Do you think business planning is important? Do you have a business plan? If you answered no to question two, you are not alone. …