Tag: economic news

Highly Ignored Impact of Increasing Petrol Prices on Two-Wheeler Owners in India

Guest Author
motorcycles in india

Petrol prices in India on two-wheelers have been on a consistent rise for quite some time now. Despite the Indian government announcing a reduction in these prices, they remain stagnantly high. This has started to affect two-wheeler owners dramatically, making them break the bank.  Essentials like commodities and transportation costs are not being met conveniently due to this spike in petrol prices. But there is so much more that is happening due to this problem. Is there any hope for relief from this anytime soon? Let us find out!  The…

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Report shows insurance is an economic player in California

A new report has shown that the property and casualty industry for California insurance is responsible for bringing billions of dollars into the state. The report, which was released by the Insurance Information Institute, showed that in 2008, that sector of the insurance industry brought $34.7 billion into the economy. It also showed that insurers are responsible for approximately 2 percent of the total gross state product for California. In fact, in that state, there are more insurance professionals employed than in any other state in the country. In 2009,…

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1 in 10 European insurance companies fail stress test despite a robust market

The European insurance industry is in a state of flux, according to a new study from the European Insurance and Occupational Pensions Authority (EIOPA). The organizations recently conducted a stress test of nearly 130 as yet unidentified insurers. The test showed that the insurance market is quite robust, which means that most insurers are able to procure new clients and produce significant revenue. However, the thirteen unnamed insurance companies failed the test. Based upon its findings, the EIOPA estimates that these insurers would not be able to handle the impact…

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Survey shows top concerns for future world commerce

H. Cutner

Over one thousand business CEO’s from around the globe put their two cents worth in on a recent survey. The results of the survey were released at the Risk and Insurance Management Society (RIMS) convention that was held in Vancouver. Corporate experts from 58 countries weighed in on their top business concerns for this year. The survey, given by Aon Risk Solutions proved that economics is mutually dependent on various risk factors; whether it’s in the U.S. or another country on the other side of the globe. Most business professionals…

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