2008 hurricane claims put Texas home insurance companies in the red. Ouch. Hurricanes continue to affect us. I guess whoever designed the hurricane insurance plans didn't know how much risk was actually involved, or those insurance companies didn't properly prepare themselves for such a situation.
Grocery stores are doing well during the recession.
Houston is one of the world's most inventive cities. We're pretty creative people! I don't think a lot of people believe this, though.
Productivity and labor costs are up. You might expect this from a recession, as companies try to focus on efficiency to weather the rough times.
Venezuela is seizing the assets of more oil service companies. I would have ended my operations there some time ago.
Friday, May 8, 2009
Hurricane claims, grocery stores, inventive cities, recession news, and Venezuela
Labels:
actuarial stuff,
cities,
economics,
Houston,
labor,
oil,
output,
prices,
recession,
risk,
technology,
unemployment,
Venezuela
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