Thursday - May 16, 2024
Trade Associations

News releases, reports, statements and associated documents from national and international trade associations influencing the debate on federal policies.

Featured Stories

US P/C Industry 2023 Underwriting Performance Improved, But Personal Lines Continue to Drag, New Triple-I/Milliman Report Shows
NEW YORK, May 15 (TNSres) -- The Insurance Information Institute issued the following news release on May 14, 2024:

The U.S. property/casualty industry saw its second consecutive year of underwriting losses, with a net combined ratio of 101.6 for 2023. While improved relative to 2022, personal lines remained the major driver of unprofitability in 2023. Premium growth is expected to further improve underwriting results in 2024, with the 2024 P/C industry net combined ratio forecast at 100.2, according to the latest industry underwriting projections by actuaries at the Insurance Information Institute ... Show Full Article

SSGA's International Representatives in Asia
MANKATO, Minnesota, May 15 -- The Specialty Soya and Grains Alliance issued the following news:

SSGA is the identity preserved alliance of the United States, so we're thrilled to have this very experienced team working on behalf of our member businesses in international markets to grow exports and the value of exports through the U.S. Identity Preserved program, which includes the brand mark/label. They may be reaching out to your businesses, as they do market assessments and look to better understand the wants and needs of the markets in which they're representing the high-quality, specialty ... Show Full Article

Organic Trade Association: U.S. Organic Marketplace Posts Record Sales in 2023
GREENFIELD, Massachusetts, May 15 (TNSres) -- The Organic Trade Association issued the following news release:

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Organic Trade Association pegs sales of organic products near $70 billion

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U.S. sales of certified organic products approached $70 billion in 2023, a new record for the sector. Dollar sales for the American organic marketplace hit $69.7 billion last year, up 3.4 percent, according to the 2024 Organic Industry Survey released Tuesday by the Organic Trade Association (OTA).

Despite stubborn price inflation seen throughout retail aisles, consumers remained clear-eyed about ... Show Full Article

NCPA Lauds DOJ Task Force on Vertical Integration and Consolidation
ALEXANDRIA, Virginia, May 15 -- The National Community Pharmacists Association issued the following statement on May 14, 2024:

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The National Community Pharmacists Association (NCPA) today issued the following statement on behalf of CEO B. Douglas Hoey in response to an announcement by the U.S. Department of Justice of a new task force focused on corporate monopolies in the health care sector:

"This is a very encouraging development and it's long overdue. The PBM/insurance conglomerates are among the most aggressive, ruthless, and predatory corporate actors in the entire economy. The largest ... Show Full Article

Investment Company Institute: Closed-End Fund Activism Surges, Shows Need for Congressional Action
WASHINGTON, May 15 (TNSres) -- The Investment Company Institute issued the following news release:

ICI's latest research shows that the number of traditional closed-end funds (CEFs) has continuously fallen for more than a decade as pressure from activist investors has surged. The report, The Closed-End Fund Market, 2023, takes a close look at the latest trends in the CEF market. The research shows that no new traditional CEFs opened in 2023 as a record number of traditional CEFs were targeted by activist investors.

"Pressure from activist shareholders surged last year, with a record number of ... Show Full Article

Business Roundtable Statement on Conclusion of Four-Year Section 301 Tariff Review
WASHINGTON, May 15 -- Business Roundtable issued the following statement on May 14, 2024:

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Business Roundtable CEO Joshua Bolten today issued the following statement after the Biden Administration released its findings from the four-year review of Section 301 tariffs:

"Business Roundtable appreciates President Biden's focus on countering China's non-market economy practices with strategic investments in U.S. manufacturing capabilities. However, we are disappointed by the Administration's decision to maintain overly broad tariffs on a vast array of Chinese imports, particularly those unrelated ... Show Full Article

American Academy of Pediatrics: Study - Abused and Neglected Children and Teens More Likely to Misbehave, Be Depressed
ITASCA, Illinois, May 15 (TNSres) -- The American Academy of Pediatrics issued the following news release:

Approximately 12.5%-37.4% of all children and teens under age 18 in the United States are exposed to physical abuse, sexual abuse, psychological abuse, and neglect. A new study in the June 2024 Pediatrics (published online May 14), "Child Behavior Problems and Maltreatment Exposure," finds abused and neglected children are more likely to suffer with emotional and behavior problems during childhood and adolescence.

While a relationship between abuse and emotional and behavior problems has ... Show Full Article