Economy News

Small Business Owners Concerned Over Taxes, Healthcare Issues

Tax-related regulations and concerns over health care burden many small business owners today. Nearly two out of three business owners believe that tax-related regulations are too burdensome, while 51 percent find health insurance mandates challenging, according to the Travelers Institute’s …

Report Tallies Economic Costs of Violence to States

States with the most violence are spending billions of dollars on medical care and prisons and recording lower productivity than more peaceful states, according to a new study on the effects of peace and violence on the economy. Maine is …

Crunching Japan’s Disaster Numbers: Final Bill May be Staggering

Japan’s government expects last month’s earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far higher. Tokyo Electric Power Co (TEPCO), operator of the crippled Fukushima nuclear power plant, could leave …

Arkansas Economy Less Affected by Recession

Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the University of Arkansas Division of Agriculture, said …

Agriculture, Energy Help Bolster Mid-America States Economy

The economy is gaining strength in nine Midwest and Plains states because global growth and continued low interest rates have provided a boost to agriculture and energy businesses, according to a new survey released Feb. 1. “The regional economy is …

Investors Face Rising Risks However Egypt Plays Out

If President Hosni Mubarak clings to power, investors will re-price Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global markets could still react with alarm, fearing a rising tide …

Aon’s New Political Risk Map Shows Rising Levels, Despite Financial Recovery

According to Aon’s 18th annual Political Risk Map , while the “world economy is broadly on the road to recovery, the level of political risk has risen in more countries than it has declined.” Aon’s Risk Solutions, its global risk …

Insurers, Industries Affected by Australia’s Floods

Australia’s mining industry has borne the brunt of the economic impact from massive floods in Queensland state, but agriculture, construction, transport, tourism and retail have also been hit. Following is a list of sectors and companies affected: INSURERS The Insurance …

Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed

Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday. The floods have swamped mines in Queensland State, paralyzing operations …

Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Guam-based Tokio Marine Pacific Insurance Limited (TMPI), both with stable outlooks. The ratings reflect TMPI’s “consistent growth in surplus and dominant …