Monday, June 18, 2012

Weekly Reader Picks: Monday, June 18, 2012

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Insurance Journal Weekly Reader Picks
June 18, 2012

Top 10 for the Past Week

1.Goldman Sachs Looking to Sell Off USI Holdings: Report
Jun 14, 2012 -- Goldman Sachs Capital Partners, a private equity affiliate of Goldman, Sachs & Co, may be looking to sell off USI Holdings, according to a media report. The Deal Pipeline, a mergers-and-acquisitions publication, ...
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2.In the Workplace, What Do Millennials Want?
Jun 11, 2012 -- There's a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next ...
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3.Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 11, 2012 -- Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers' loss ratios stabilized for ...
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4.Fitch: Workers’ Compensation Weakest Segment; Combined Ratio Worst in 10 Years
Jun 14, 2012 -- Workers' compensation, the largest commercial lines segment representing approximately 18 percent of commercial lines net written premiums in 2011, posted a statutory combined ratio of 117 percent in 2011, according to ...
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5.Deadly NYC Crane Collapse Insurance Challenged
Jun 13, 2012 -- New York's top court says misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder. The accident killed seven ...
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6.Dads Worth Less Than Moms Around House: Study
Jun 11, 2012 -- Fathers of America, you may consider yourselves indispensable, but a new survey says you're only worth about one-third as much as mom around the house. In fact, you are not even keeping up with inflation. Insurance news ...
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7.Dallas Area Pummeled with Baseball Size Hail
Jun 15, 2012 -- Portions of Dallas along with surrounding cities were hit with large hail and high winds on June 13 causing damage to vehicles, homes and businesses. Baseball size hail was reported in east Dallas and Grand Prairie, ...
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8.LinkedIn Risks Reputation Damage Over Password Leaks, Silence
Jun 11, 2012 -- LinkedIn Corp.'s silence on the extent of a security breach that exposed millions of user passwords has damaged its reputation among some business professionals, and may slow the growing company's rise if the breach ...
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9.In Expanded Internet Naming Game, Who Will Own .insurance?
Jun 13, 2012 -- Trade groups representing global financial companies have applied to operate the new domain names .insurance and .bank. on behalf of the financial services industry. The American Bankers Association (ABA) and The ...
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10.Southern Calif. Agents Nabbed In Million Dollar Ponzi Scheme
Jun 8, 2012 -- A current and a former insurance agent from Southern California have been arrested for allegedly running a million-dollar Ponzi scheme. Edwin Salazar, 34, of Downey, and Michael Zuniga, 41, of Fullerton have each been ...
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