Monday, September 19, 2011

Weekly Reader Picks: Monday, September 19, 2011

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Insurance Journal Weekly Reader Picks
September 19, 2011

Top 10 for the Past Week

1.Google Secretive About ‘Super Safe’ Robot Car Crash
Sep 13, 2011 -- Last month, an astute observer was driving in Mountain View, Calif., when he came across a multiple car fender-bender. According to later reports, a Toyota Prius had hit a Prius, and that Prius hit an Accord, which hit an Accord, which hit a Prius. ...
2.Hurricane Center Tracking 3 Atlantic Storms: Katia, Maria and Nate
Sep 8, 2011 -- It's a busy time of year for the National Hurricane Center in Miami. The NHC is currently following one hurricane – Katia, and two tropical storms – Maria and Nate. Katia is following the previously forecast track between the east coast of the ...
3.Prices Up in All Commercial Lines: Towers Watson
Sep 13, 2011 -- In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It's the first time since the fourth quarter of 2003 that all standard commercial lines ...
4.New York Firm Unlawfully Fired Workers for Facebook Postings: NLRB
Sep 15, 2011 -- In the first ruling of its kind, a National Labor Relations Board administrative law judge has found that a Buffalo, N.Y.-based non-profit organization unlawfully discharged five workers after they posted comments on Facebook related to their work ...
5.Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims
Sep 15, 2011 -- Lloyd's of London's Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary ...
6.Teacher’s Halloween Prank Sparks $100K Legal Claim in Massachusetts
Sep 16, 2011 -- The family of a Taunton (Mass.) High School student injured running away from a teacher wearing a mask and wielding what appeared to be a chain saw for a Halloween prank is seeking up to $100,000 in compensation for medical expenses. An attorney for ...
7.Willis’ Exec Sees Possible ‘Historic Change’ in Reinsurance Market
Sep 12, 2011 -- The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news? In his keynote speech at the PricewaterhouseCoopers breakfast briefing at the Reinsurance Rendezvous Martin Sullivan, deputy chairman of ...
8.NFL’s Edwards Claims Slander by Michigan Restaurant Cost Him Contract
Sep 16, 2011 -- San Francisco 49ers receiver Braylon Edwards has filed a $14 million slander lawsuit, claiming allegations that he was directly involved in a fight at a suburban Detroit restaurant cost him a big guaranteed contract from another NFL team. Edwards, a ...
9.Buffett Picks Another Successor
Sep 13, 2011 -- Warren Buffett advanced his succession plan Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc. Weschler, 50, will start at ...
10.Federal Judge Rejects Health Insurance Mandate in Latest Case
Sep 14, 2011 -- A federal judge in Pennsylvania said the insurance-buying mandate in President Barack Obama's health care overhaul is unconstitutional, the latest ruling over an issue likely to be taken up by the U.S. Supreme Court. U.S. District Judge Christopher ...

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