Friday, May 17 2013 9:05 PM EDT2013-05-18 01:05:04 GMT
The Southwest Louisiana Tea Party movement began picking up steam in 2009 as members from throughout the five parish area began gathering for rallies and becoming more visible and involved in local governmentMore >>
The Southwest Louisiana Tea Party movement began picking up steam in 2009 as members from throughout the five-parish area began gathering for rallies and becoming more visible and involved in local government and the political scene.More >>
Friday, May 17 2013 8:55 PM EDT2013-05-18 00:55:58 GMT
An arrest has been made in the 1962 death of Mary Horton Vail. Vail was found dead in the Calcasieu River in October 1962, her husband, Felix Vail, claimed she was the victim of a boating accident. TheMore >>
Mary Horton Vail was found dead in the Calcasieu River in October 1962. Her husband, Felix Vail, claimed she was the victim of a boating accident.More >>
Friday, May 17 2013 6:17 PM EDT2013-05-17 22:17:04 GMT
Friday marks the anniversary of the first woman reported missing in the Jeff Davis Eight case. On May 17, 2005, 28-year-old Loretta Chaisson Lewis went missing. Three days later, her body was found floatingMore >>
Friday marks the anniversary of the first woman reported missing in the Jeff Davis Eight case.More >>
Friday, May 17 2013 5:47 PM EDT2013-05-17 21:47:38 GMT
More than 825 students - the largest graduating class in McNeese State University history - are expected to receive degrees at the university's spring commencement ceremony at 10 a.m. Saturday, May 18,More >>
More than 825 students - the largest graduating class in McNeese State University history - are expected to receive degrees at the university's spring commencement ceremony at 10 a.m. Saturday at Burton Coliseum.More >>
Friday, May 17 2013 5:44 PM EDT2013-05-17 21:44:31 GMT
In an area prone to hurricanes, flood insurance is important for Louisiana residents. Calcasieu Parish became a part of the National Flood Insurance program in 1978. By participating in the program,More >>
As a way to continue offering flood insurance, Congress passed the Biggert Waters Act in 2012. More >>
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--Continued adverse conditions force more active response by insurers
HARTFORD, Conn., Feb. 26, 2013 /PRNewswire/ -- The insurance industry in the U.S. and globally is facing long term challenges that include weak economic growth, an extended period of low interest rates and weak investment income, and rising regulatory demands, according to a new study by Conning.
"Insurers in the U.S. and globally face challenges that are unlikely to resolve in the short term," said Stephan Christiansen, director of research at Conning. "Sluggish economic conditions affect organic growth potential and overall market development. The continued low interest rate environment in the U.S. and elsewhere is depressing investment income substantially in all sectors. Regulatory change and reporting requirements, meanwhile, are forcing increases in infrastructure investment and costs generally."
The Conning study, "U.S. and Global Insurance Industry Outlook: Economic, Capital Markets, and Regulatory Challenges Continue-Nothing to Be Gained by Waiting for Things to Get Better" presents the challenges and potential insurer responses for the industry generally, with separate discussions for U.S. Property-Casualty; U.S. Life-Annuity, and U.S. Health Insurance, as well as Europe and Asia.
"What had initially been seen as a period of post-recession malaise has now become our base-case for strategic and operational planning," said Christiansen. "Insurers who took a 'wait-and-see' approach are now challenged to perform in these adverse conditions, as no clear end is in sight. Competition is increasing, and companies that succeed in this environment will seek performance in targeted strategies in particular geographic or market segments and will invest internally in technology for effective cost management and new market distribution approaches."
"U.S. and Global Insurance Industry Outlook: Economic, Capital Markets, and Regulatory Challenges Continue-Nothing to Be Gained by Waiting for Things to Get Better" is available for purchase from Conning by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.
About Conning Conning (www.conning.com) is a leading investment management company for the global insurance industry, with more than $91 billion in assets under management as of December 31, 2012 through Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited, and Goodwin Capital Advisers. The company's unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning is focused on the future, providing clients with innovative solutions, leveraging its global capabilities, investment experience, and proprietary research. The company is headquartered in Hartford, Connecticut, with additional offices in Purchase, London, Cologne, and Hong Kong.