Monday, June 25, 2012

Weekly Reader Picks: Monday, June 25, 2012

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Insurance Journal Weekly Reader Picks
June 25, 2012

Top 10 for the Past Week

1.How Predictive Modeling Has Revolutionized Insurance
Jun 18, 2012 -- The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design ever-more-sophisticated models that tap ever-more-detailed data sets to refine ...
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2.Looming Agent Retirements: Carriers Face Major Turnover
Jun 21, 2012 -- More than 25 percent of independent agency owners and principals are planning to retire or change careers and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes ...
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3.Dallas Hailstorm Insured Losses Could Reach $2 Billion
Jun 18, 2012 -- Insured losses from the massive hailstorm that struck the Dallas area on Wednesday could reach as much as $2 billion, making it one of the most costly storms of its type in U.S. history, an insurance organization said ...
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4.Travelers to Pay $10.5M in Premium Refunds And Fines
Jun 19, 2012 -- A settlement agreement has been reached in an enforcement action against Travelers Cos., with the company agreeing to pay $9 million in refunds to policyholders who were overcharged on their premiums, as well as a $1.5 ...
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5.Wife of Slain Missouri Insurance Agent Gets 8 Years in Spouse's Death
Jun 19, 2012 -- A Missouri woman has been sentenced to eight years in prison for helping plan her husband's murder with the church pastor who was her lover. Her husband, David Stone, was an insurance agent. Forty-year-old Teresa Stone, ...
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6.London Stung by U.S. Attack on Bank Regulation Record
Jun 21, 2012 -- Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London's financial and legal circles said on Wednesday. Responding ...
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7.Study Finds Little Earthquake Risk from Fracking
Jun 18, 2012 -- The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of waste water from drilling offers more risks for seismic activity, a new U.S. study said on ...
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8.Maryland Man Whose Companion Disappeared in Aruba Sues Over Insurance
Jun 20, 2012 -- A Maryland man who was suspected in the presumed death of his traveling companion in Aruba is suing to collect on a travel insurance policy issued in the woman's name. Gary Giordano says in a lawsuit that AMEX Assurance ...
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9.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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10.Rates for Good Drivers in Cities Too High, Too Variable, Says Consumer Group
Jun 19, 2012 -- The Consumer Federation of America (CFA) says that most good drivers -- those with no accidents or moving violations -- who live in moderate-income areas in 15 cities are being quoted what the group maintains are high ...
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