Monday, February 27, 2012

Weekly Reader Picks: Monday, February 27, 2012

Insurance Journal Weekly Reader Picks
February 27, 2012

Top 10 for the Past Week

1.Cruise Ship Industry Leaves Crash Victims Little Hope for Recovery
Feb 21, 2012 -- When Walter Henry Alderfer learned last month about the Costa Concordia shipwreck off Italy, it brought back bad memories. In April 2007, he, his wife and his daughter were aboard the Sea Diamond cruise ship when it struck a reef off Greece and sank ...
2.4.0 Earthquake in Missouri Shakes 9 States
Feb 23, 2012 -- Just days after the 200th anniversary of a series of massive earthquakes in southeast Missouri, residents woke up on Feb. 21 to a rumbling reminder that they live in one of the continent's most active seismic areas. The U.S. Geological Survey said ...
3.6 Things I Learned from Reading Steve Jobs Authorized Biography
Feb 24, 2012 -- The first lesson learned from Walter Issacson's best-selling biography, Steve Jobs (Simon and Schuster), is that you should have started your agency in a garage with a guy called "Woz." If you did, stop reading now and count your billions. If not, ...
4.P/C Insurers Face Obstacles on Road to Hard Market
Feb 24, 2012 -- With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve ...
5.U.S. Should Expect Another Above-Normal Tornado Season in 2012
Feb 21, 2012 -- The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That's after a near-record number of tornadoes in 2011, according to forecasters at AccuWeather.com in State College, Penn. Last year ranks as the fourth ...
6.$20M Verdict Upheld in Massachusetts Pool Slide Lawsuit
Feb 20, 2012 -- A Massachusetts judge has upheld a $20 million jury award to the family of a Colorado woman who died after a Toys `R Us inflatable pool slide partially collapsed. In October, a jury ordered Toys "R Us to pay the award to the family of Robin Aleo ...
7.The Hartford’s AARP Program Looking for Agents
Feb 22, 2012 -- The Hartford says it will be increasing the availability of its auto insurance program for members of the American Association of Retired Persons (AARP) by expanding its base of producers. Originally, members of the AARP could only get the car ...
8.There’s an App for That: Mobile Phone Quoting
Feb 21, 2012 -- Don't be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price scanner and pick up a smartphone, on which she takes a picture of a driver's license and a VIN number on a car and ...
9.Florida Jury Awards Man $3.3 Million Over Bank’s False Alarm
Feb 21, 2012 -- A Miami-Dade jury has awarded $3.3 million to a man who was trying to cash a check but was then detained after a Bank of America teller activated a silent alarm. According to the Miami Herald, the jury ruled Friday that the bank was negligent in ...
10.Atypical P/C Executive: Chartis CEO Hancock on Fear, Regulation, Science and More
Feb 22, 2012 -- The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs' bar is their ally, deleveraging of financial institutions is a good thing, financial firms have not ...

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