Monday, March 5, 2012

Weekly Reader Picks: Monday, March 5, 2012

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Insurance Journal Weekly Reader Picks
March 5, 2012

Top 10 for the Past Week

1.Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders
Feb 27, 2012 -- Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the "best in the world." Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire Hathaway Reinsurance Group, personal ...
2.Dozens Charged in Massive Insurance Fraud Scheme in New York
Feb 29, 2012 -- Federal and local authorities in New York unveiled charges today against 36 defendants -- including 10 doctors and three attorneys -- allegedly involved in a systematic scheme to defraud auto insurance companies of more than $275 million under New ...
3.N.Y. Prosecutors Say Fraud Scheme Was Largest of Its Kind in History
Mar 1, 2012 -- Authorities are describing the takedown of a massive auto insurance fraud ring in New York the largest of its kind involving New York's no-fault ...
4.Dallas Doctor, 6 Others Arrested in $375M Health Care Fraud Scheme
Mar 1, 2012 -- A physician and the office manager of his medical practice, along with five owners of home health agencies, were arrested today on charges related to their alleged participation in a nearly $375 million health care fraud scheme involving fraudulent ...
5.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 ...
6.5 Startup Businesses Agents Should Watch
Mar 1, 2012 -- It hasn't been the best of times for America's Main Street businesses. Often facing overwhelming competition from big box stores, many small businesses face an uphill battle from the outset and more than a few don't survive beyond a few years. ...
7.Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched
Feb 29, 2012 -- The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley, Calif.-based Networked, integrates with ...
8.California Department of Insurance Files Action Against Zurich
Feb 28, 2012 -- The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois – for using a type of workers' compensation insurance ...
9.Parents of Child Born With Cystic Fibrosis Sue
Feb 28, 2012 -- The parents of a child born with cystic fibrosis have filed a lawsuit against health care providers saying they would have terminated the pregnancy had they known of the genetic disorder. The Bozeman Daily Chronicle in a story published Sunday ...
10.Judge Awards Iphone User $850 In Throttling Case
Feb 27, 2012 -- When AT&T started slowing down the data service for his iPhone, Matt Spaccarelli, an unemployed truck driver and student, took the country's largest telecommunications company to small claims court. And won. His award: $850. Pro-tem Judge ...

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