Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Insurance articles below.
The Hartford Region is home to the headquarters of most of the leading global players in the insurance sector. The insurance industry generates more than $16 billion in output in the region, employing more than 70,000.
The automotive insurer will invest more than $16 million to expand and enhance its facility in Carmel, IN, with help from state tax credits and training grants.
GEICO was founded in Fort Worth in 1936 to provide auto insurance to federal employees and members of the military. It currently serves over 830,000 Texas policyholders.
According to the Impact Forecasting catastrophe update, natural disasters caused $85 billion in global economic loss during the first half of the year.
The Washington, DC-based auto insurer will invest millions of dollars to lease, renovate and equip 109,000 square feet of space in the area. The new office is expected to be operational by late April.