Monday, October 24, 2011

Weekly Reader Picks: Monday, October 24, 2011

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Insurance Journal Weekly Reader Picks
October 24, 2011

Top 10 for the Past Week

1.Obama Pulls Plug on Long-Term Care Plan in Healthcare Law
Oct 17, 2011 -- The Obama administration Friday pulled the plug on a major program in the president's signature health overhaul law -- a long-term care insurance plan dogged from the beginning by doubts over its financial solvency. Targeted by congressional ...
2.Top 10 Excuses From Drivers Caught Using Phones
Oct 14, 2011 -- The Insurance Corporation of British Columbia, a Canadian auto insurer, released last week a list of top excuses from local motorists when they were caught using handheld cellphones while driving. The insurer compiled the information with help from ...
3.In Few Years, Social Network Data May Be Used in Underwriting
Oct 13, 2011 -- The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the insureds is a common practice ...
4.Massachusetts Jury Returns $20M Verdict in Pool Slide Suit
Oct 18, 2011 -- A Massachusetts jury has ordered Toys `R Us to pay more than $20 million to the family of a woman who was killed when an inflatable pool slide partially collapsed at a 2006 party. The Salem Superior Court verdict, returned last Thursday, Oct. 13, ...
5.Workers’ Compensation Market Outlook Still Grim: A.M. Best
Oct 18, 2011 -- The U.S. workers' compensation insurance segment continued to face competitive pricing, further rate decreases, weak macroeconomic factors, growing medical costs and an uptick in claim frequency during 2010. As a result, premium volume declined ...
6.State Farm: Its Conn. Deductible Decision Grounded in Fairness
Oct 14, 2011 -- State Farm Insurance says U.S. Senator Richard Blumenthal's request that the company drop Irene-related hurricane deductibles in Connecticut would actually be unfair to policyholders and introduce all sorts of uncertainty. State Farm -- the largest ...
7.Travelers Launches IntelliDrive Mileage-Based Auto Insurance
Oct 18, 2011 -- Travelers has launched a program to help low-mileage drivers reduce annual vehicle expenses with its mileage-based auto insurance product, IntelliDrive. Travelers IntelliDrive customers may receive an immediate discount of up to five percent at ...
8.Myself, the Car: Aggressive Driving Linked to Personality
Oct 18, 2011 -- Those who view their car as an extension of themselves have stronger aggressive driving tendencies, a new study finds. The study "Aggressive Driving: A Consumption Experience," by a Temple University Fox School of Business professor, is thought ...
9.Inconsistency Is the Norm in Construction Liability Coverage
Oct 17, 2011 -- In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The answer is all over the map, according to Finley Harckham, a veteran insurance attorney at the New York law ...
10.Excessive Drinking Costs About $2 per Drink
Oct 19, 2011 -- The toll of excessive drinking works out to about $2 per drink, in terms of medical expenses and other costs to society, according to a new federal research. The Centers for Disease Control and Prevention study calculated societal costs from binge ...

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