Monday, March 26, 2012

Weekly Reader Picks: Monday, March 26, 2012

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Insurance Journal Weekly Reader Picks
March 26, 2012

Top 10 for the Past Week

1.Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units
Mar 21, 2012 -- The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related operations. The Hartford, one of the ...
2.Legality of Employers Asking Job Applicants For Facebook Passwords Questioned
Mar 22, 2012 -- In their efforts to vet job applicants, some companies and government agencies are going beyond merely glancing at a person's social networking profiles and instead are asking to log in as the user to have a look around. "It's akin to requiring ...
3.Ex-LSU Football Star Sues Over Insurance Policy
Mar 19, 2012 -- A former Louisiana State University football player is suing his ex-financial planner for allegedly obtaining an inadequate insurance policy meant to protect the athlete in the event of a career-ending injury during his final year of college ...
4.Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance
Mar 21, 2012 -- In response to Hartford Financial Services Group Inc.'s planned exit from some of its life insurance business, Standard & Poor's Rating Services said it is downgrading the subsidiaries previously aggregated under Hartford Life, and assigning ...
5.Willis Among Targets of Stanford Third Party Class Actions
Mar 20, 2012 -- Victims of Allen Stanford's estimated $7 billion Ponzi scheme won a victory when a federal appeals court said they may pursue class-action litigation against third parties they believe aided in the now-convicted swindler's fraud. The 5th U.S. ...
6.6 Ways Supreme Court Could Rule on Healthcare Law
Mar 21, 2012 -- The Supreme Court has several options in ruling on President Barack Obama's health care overhaul, from upholding the law to striking it down in its entirety. The court also could avoid deciding the law's constitutionality at all, if it finds the ...
7.4 GOP-Appointed Justices Control Obama Health Law’s Fate
Mar 20, 2012 -- Here's a thought that can't comfort President Barack Obama: The fate of his health care overhaul rests with four Republican-appointed Supreme Court justices. His most sweeping domestic achievement could be struck down if they stand together with ...
8.Florida Insurers Wary of PIP Rate Rollbacks Timed for October
Mar 21, 2012 -- While state officials are widely praising Florida's new no-fault auto insurance law, insurers are wary of having to implement rate decreases before there is a corresponding drop in losses as the new law stipulates. The new law specifies that by ...
9.Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21, 2012 -- The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property insurance and group ...
10.Best Puts The Hartford and Subs Ratings Under Review
Mar 22, 2012 -- A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of "bbb+" and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of "a+" and the financial strength rating ...

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