Monday, June 11, 2012

Weekly Reader Picks: Monday, June 11, 2012

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Insurance Journal Weekly Reader Picks
June 11, 2012

Top 10 for the Past Week

1.Michigan Court Rules for Insurer in Tragic Hit-and-Run
Jun 1, 2012 -- The Michigan Supreme Court says an insurance company doesn't have to pay benefits in a hit-and-run case because the incident wasn't reported within 30 days. The court's conservative majority overturned a decision by the ...
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2.50 Years On, Fire Still Burns Underneath Pennsylvania Town
Jun 1, 2012 -- It's an anniversary the few remaining souls who live here won't be celebrating.Fifty years ago, a fire at the town dump ignited an exposed coal seam, setting off a chain of events that eventually led to the demolition ...
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3.8 Things Independent Agents Can Learn From Sam Walton
Jun 8, 2012 -- Wal-Mart and independent agencies seemingly have little in common. Not so. There are many helpful ideas to cull from Mr. Walton's amazing odyssey from one store to the largest retailer in the world — as revealed in ...
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4.Georgia Mom Posed as Dead Son to Collect $151K From Insurance Policy
Jun 7, 2012 -- Prosecutors in Fulton County, Georgia, say a woman has admitted to collecting more than $151,000 on a fraudulent insurance policy she took out in her dead son's name. Donna Ellis Gibbs was sentenced to 20 years' ...
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5.Tornadoes Damage Areas in Virginia, Pennsylvania, Maryland
Jun 4, 2012 -- Tornadoes swept through several counties in Virginia, Pennsylvania and Maryland last Friday, knocking down trees and power lines and damaging dozens of structures and homes. Here are the latest reports from The ...
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6.Consumer Group Says Auto Insurers ‘Lowball’ Injury Payments with Computerized Systems
Jun 7, 2012 -- A report by the Consumer Federation of America (CFA) raises concerns that computerized claims systems used by many of the nation's largest auto insurance companies can be easily adjusted to make "lowball" claims ...
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7.States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 5, 2012 -- State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company's misreporting of workers' ...
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8.Administration Ready to Respond on Healthcare Reform Ruling
Jun 8, 2012 -- U.S. Health and Human Services Secretary Kathleen Sebelius said on Thursday the administration will be ready to respond if the Supreme Court strikes down all or part of the healthcare reform law in a landmark ruling ...
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9.Family of Girl Who Died At Los Angeles Rave Settle Lawsuit
Jun 4, 2012 -- The family of a 15-year-old girl who died of an ecstasy overdose at a rave at the Los Angeles Memorial Coliseum will receive a $190,000 lawsuit settlement on behalf of the stadium, the event's organizer and the ...
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10.Wells Fargo Looking to Buy Insurance Brokers: CEO
May 31, 2012 -- Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. "I love the insurance distribution ...
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