Monday, September 26, 2011

Weekly Reader Picks: Monday, September 26, 2011

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Insurance Journal Weekly Reader Picks
September 26, 2011

Top 10 for the Past Week

1.Top 5 Technology Priorities for P/C Insurers
Sep 19, 2011 -- Property/casualty insurance companies plan to invest in technology for underwriting,  policy administration,  consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five technology priorities ...
2.Falling Satellites? Uncle Sam’s Got It Covered, Mostly
Sep 22, 2011 -- When, where and how much, if any, damage will be caused by about 1,200 pounds worth of falling satellite debris poses some interesting questions--including for the insurance industry. Likely coming in at No. 1 on the industry's list: Who will pay ...
3.Pennsylvania Jury Finds Nurse Liable, Awards $23 Million to Amputee
Sep 19, 2011 -- An eastern Pennsylvania jury has awarded more than $23 million to a woman who lost portions of both legs to infection almost three years ago. Attorneys for the 55-year-old Lehighton woman argued that a home care nurse failed to report a bacterial ...
4.House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt
Sep 22, 2011 -- The House of Representatives unexpectedly defeated a bill that would fund the federal government [including the federal flood insurance program] past Sept. 30 Wednesday as dozens of Republicans broke with their party to push for deeper spending ...
5.Lloyd’s Syndicate Withdraws 9/11 Lawsuit Against Saudi Arabia
Sep 20, 2011 -- Lloyd's London's Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims. The lawsuit, first filed on Sept. 8, had asserted that Saudi Arabia as well as several Saudi ...
6.More Than 800,000 Vehicles Recalled in U.S. Last Week
Sep 20, 2011 -- Automakers, including Hyundai Motor Co. and Subaru recalled more than 800,000 cars and trucks last week for defects including faulty airbags, according to federal regulators. Separately, the National Highway Traffic Safety Administration opened a ...
7.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 ...
8.Insurer Says Exclusion Bars Payment in Nebraska Pastor's Death
Sep 21, 2011 -- An insurance company specializing in policies for churches is asking a federal court to absolve it from paying a claim by the widow of a central Nebraska pastor who died of carbon monoxide poisoning in a house owned by the church he led. John Green ...
9.IRS Gives Employers Break on Misclassified Employees
Sep 23, 2011 -- The Internal Revenue Service is offering a break to employers who come clean about wrongly classifying workers as independent contractors to avoid paying federal payroll taxes, the agency announced this week. What happens when workers are considered ...
10.Obama Deficit Plan Targets Farm Subsidies, Crop Insurance
Sep 20, 2011 -- President Barack Obama on Monday proposed to end a "direct payment" subsidy that gives $5 billion a year to farmers regardless of need, as part of his larger effort to reduce the federal budget deficit. Direct payments, created in 1996 as a ...

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