Monday, January 23, 2012

Weekly Reader Picks: Monday, January 23, 2012

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Insurance Journal Weekly Reader Picks
January 23, 2012

Top 10 for the Past Week

1.Murderer, Fake FBI Agent, Amateur Arsonist Enter Insurance Fraud Hall of Shame
Jan 17, 2012 -- A cash-strapped businessman torches his home then massacres five people to keep witnesses from testifying. A cop shoots himself to steal workers' comp money. Two scammers stuff a coffin with a mannequin and cow parts to invent a dead person for a ...
2.Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident
Jan 17, 2012 -- The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia flipped on its side in Italian waters on Monday and could suffer a hit to sales in a key booking period. Carnival, ...
3.P/C Insurance Industry Enlisting Veterans in Talent War
Jan 17, 2012 -- The property/casualty insurance industry is calling on the military for help in the talent war. Through special units, concerted outreach, mentoring programs, job fairs and partnerships with veterans organizations, insurance companies and brokers ...
4.Cruise Ship Victims Can’t Use U.S. Courts: Expert
Jan 17, 2012 -- Victims of the Italian cruise ship disaster who might seek to sue in the United States, where damages lawsuits are a virtual industry, may be barred from doing so. The primary reason, legal experts said, is that contracts written into the tickets ...
5.Healthcare Individual Mandate Too Weak to Matter, Aetna CEO Says
Jan 19, 2012 -- Wall Street's concern about the U.S. Supreme Court's looming decision on President Obama's healthcare overhaul is overblown because the provision at the heart of the law already has little teeth, the top executive at Aetna Inc. said. The court in ...
6.P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting
Jan 17, 2012 -- The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get part of their revenues from ...
7.E&S Insurance Execs Have Heads Shaved for Good Cause
Jan 18, 2012 -- Eight surplus lines insurance industry executives had their heads shaved bald this past Monday night in front of a cheering crowd in Las Vegas, Nev. It was not some bizarre industry hazing ritual or ancient form of punishment. Instead it was all for ...
8.Concordia Disaster Could Cost Insurers $1 Billion
Jan 19, 2012 -- The capsizing of the Costa Concordia could not have come at a worse time for the cruise industry — right at the start of the peak booking season. Even if passengers aren't scared away, the accident will cost hundreds of millions of dollars. It's ...
9.South Carolina Jury Awards $1M to Teens in ‘Choking Game’ Claim
Jan 16, 2012 -- Two South Carolina teens have been awarded $500,000 each in a lawsuit over the so-called "choking game" at a Clarendon County camp for children of deployed soldiers or those preparing to go overseas. The Post and Courier of Charleston reported that ...
10.Veteran Gambled and Won in Starting Own Agency
Jan 20, 2012 -- A recent study from the Small Business Administration suggests there is a strong correlation between self-employment and past military experience. Veterans are at least 45 percent more likely to start their own businesses than those without military ...

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