All Weekly Email Alert articles – Page 58
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Europe at risk of recession
Growth prospects are being revised downwards, industrial production is shrinking and unemployment is likely to rise, says a new report from the WEF
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Analysis
Weathering the storm
The insurance industry seems to be responding relatively well to the financial crisis, but challenging times are in store for it
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Insurers and brokers warn of shrinking market
A majority of industry executives think the commercial insurance market could shrink over the next year
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RIMS endorses Dinallo’s stance on contract certainty
Encourages other states to follow New York’s lead
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US P&C capital cushion could shrink by $80bn
Commercial insurance prices expected to stabilise if not increase, according to Towers Perrin
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Treasury hires accountants to administer bail-out
PricewaterhouseCoopers LLP and Ernst & Young will help with the purchase of troubled assets
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Manufacturers slash output
The CBI predicts over 60,000 jobs will go before the end of the year
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California recovers nearly $13m for wildfire claims
The insurance regulator said it had to chase insurance companies to resolve claims from last year’s wildfires
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Income inequality rising in OECD
Growing inequality is divisive and increases political tensions, says OECD secretary-general
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Analysis
Well overdue
Based on historical recurrence rates the next pandemic is overdue and its impact could be even worse than the 1918 Spanish flu
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Alcatel-Lucent launches new mobile security software
New software allows companies to locate laptops with GPS and restrict access to data
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Cyber threat is growing
Criminals are getting more sophisticated and launching more attacks, said the FBI
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Credit crunch a ‘breeding ground for fraud’
AIRMIC members warned to expect increased losses
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Analysis
Ethical shortfall
Lax anti-bribery laws in Britain are bad for business as well as the country as a whole
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OECD blasts Britain’s soft touch on bribery
The international organisation demanded the UK adopt proper anti-bribery laws
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Albania opens its first insurance brokerage
MAI Insurance Group will offer broker services to the region, including the newly independent Kosovo
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Treasury hires legal advice to help with bail-out
A New York law firm will help implement the $700bn emergency package
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Features
Fixing injury claims
The Ministry of Justice has proposed reforms to the claims process in the UK. Philip Tracey outlines what they mean and how they could affect the issue of costs
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Regulators are top concern for FS firms
Penalties for data breaches are more worrying than reputation damage, according to survey