Monday, April 23, 2012

Weekly Reader Picks: Monday, April 23, 2012

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Insurance Journal Weekly Reader Picks
April 23, 2012

Top 10 for the Past Week

1.15 Trends in P/C Insurance Employment
Apr 16, 2012 -- 15 Trends in P/C Insurance Employment The current P/C insurance employment picture, much like the economic outlook, is mixed. Employers remain cautious about adding to payroll but there are opportunities depending on ...
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2.Survey: Why Agents and Customers Choose Higher-Priced Insurers
Apr 12, 2012 -- Insurance customers are price-sensitive shoppers, and they have become more so given the financial pressures of the struggling economy. Many observers fear that standard coverage is becoming commoditized to the point ...
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3.Alligator Visits Louisiana Motel, Bites Guest
Apr 17, 2012 -- Authorities in Louisiana say a 6-foot alligator showed up at the front door of a Super 8 Motel outside Baton Rouge and bit a guest. West Baton Rouge Parish Sheriff Mike Cazes tells The Advocate his office got the call ...
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4.Michigan Governor Signs Bill Making Motorcycle Helmets Optional
Apr 17, 2012 -- A decades-long fight to eliminate Michigan's helmet law roared into the victory lane on April 13 when Gov. Rick Snyder announced he signed the repeal into law. The repeal took effect immediately, making Michigan the ...
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5.Only 1 Out of 4 Companies Buying Cyberinsurance
Apr 17, 2012 -- Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers' privacy despite the rising threat of hacking, according to a survey released on Monday. Not ...
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6.Penn. Mom, Daughter Go on Trial in $1M Insurance Fraud Case
Apr 18, 2012 -- A mother and daughter from northeastern Pennsylvania are on trial for allegedly taking part in a decade-long $1 million insurance scam. Sixty-one-year-old Bianca Bucano and her 23-year-old daughter, Melissa, were ...
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7.Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain
Apr 17, 2012 -- Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other ...
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8.Insurance Employment Report: Jobs Outlook Improving, Slowly
Apr 16, 2012 -- Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is ...
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9.Illinois Man Sues Nestle, Wal-Mart Over Dog’s Death from ‘Wholesome’ Treat
Apr 20, 2012 -- The death of a 9-year-old Pomeranian from eating a dog treat is hardly "what nature intended," according to a lawsuit filed this week. An Illinois man has sued Nestle Purina Petcare Co. and Wal-Mart Stores Inc., saying ...
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10.Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8%
Apr 19, 2012 -- The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was ...
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