Weekly Reader Picks: Monday, November 14, 2011

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November 14, 2011 Top 10 for the Past Week 1. 11/11/11: What’s In a Number? Nov 10, 2011 -- November 11, 2011 might hold special significance for some, since the date can also be written 11/11/11. When the calendar and its numbers align, some people try to ascribe mystical significance, according to a Wake Forest University professor. Eric ... 2. Insurers, Policyholders Clash Over Business Interruption Claims Nov 7, 2011 -- Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is a ... 3. S&P Lowers State Auto Group’s Operating Company Ratings to ‘BBB+’ Nov 10, 2011 -- Standard & Poor's Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of State Auto Group to 'BBB+' from 'A-'. S&P also lowered its counterparty credit rating on State Auto ... 4. LexisNexis Selling P/C Insurance Software Business Nov 9, 2011 -- LexisNexis Risk Solutions said it is selling its property/casualty insurance software business to a San Francisco-based private equity firm, Genstar Capital. The division being sold provides policy administration software for the property/ casualty ... 5. Liberty Mutual Posts $111M Q3 Loss, Hurt By CAT Loss, Asbestos Charge Nov 6, 2011 -- Liberty Mutual Group reported a net loss of $111 million for its third quarter. In contrast, the third-largest property/casualty insurer in the U.S. had posted net profit of $567 million during the same quarter last year. The company's result was ... 6. S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings Nov 3, 2011 -- Standard & Poor's Ratings Services has revised its outlook on Allstate Corp., Allstate Insurance Co. (AIC), and its core property-liability insurance companies (collectively, Allstate Protection), as well as the life insurance companies, deemed ... 7. Florida’s Citizens Cutting Back on Coverage Nov 7, 2011 -- Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens Property Insurance Corp., in a message to agents, said it will no longer provide coverage for most ... 8. Missouri Pastor Pleads Guilty in Death of Congregant, an Insurance Agent Nov 10, 2011 -- A former western Missouri pastor has pleaded guilty in the death of a former member of his church. Fifty-two-year-old David Love of Independence pleaded guilty to second-degree murder in the death of 42-year-old Randy Stone, a Farmers insurance ... 9. Bering Sea Superstorm Slamming West Alaska Nov 9, 2011 -- The National Weather Service is reporting an event billed as "The Bering Sea Superstorm" is striking the coast of Alaska. The storm is "punishing the west Alaska coast with hurricane-force winds, destructive waves and surge, severe erosion and ... 10. Insurance Executives Turn Pessimistic Over Business Outlook: Survey November 10, 2011 -- Many U.S. insurance executives believe that business conditions have worsened compared to a year ago. Faced with ... Popular Videos Bartosh Tech Commitment Comes from the Top Getting Better Does Innovation Miss the Mark? Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail

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