Monday, June 4, 2012

Weekly Reader Picks: Monday, June 4, 2012

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Insurance Journal Weekly Reader Picks
June 4, 2012

Top 10 for the Past Week

1.Fallout from Dewey Law Firm Collapse Hits Insurers, Other Clients
May 29, 2012 -- For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a ...
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2.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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3.50 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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4.The Next New Thing: Coverage Issues from Fracking Claims
May 25, 2012 -- Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the ...
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5.Ex-Penn State President Sues, Eyes Sandusky E-Mails
May 29, 2012 -- Former Penn State University president Graham Spanier has filed a civil lawsuit to force the school to release emails related to the Jerry Sandusky child sex abuse scandal. The lawsuit was filed late last Friday in ...
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6.Dog Attacks Up; Pennsylvania Postal Workers Not Surprised
May 28, 2012 -- The screen door flew open but the Great Dane just stood there.Twenty-six years of experience told postal worker Victor Torres to remain still, brace for impact, and position his blue mailbag as a makeshift shield. ...
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7.Ex-General Re, AIG Execs May Settle Criminal Case
May 29, 2012 -- Four former executives at Berkshire Hathaway Inc.'s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance ...
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8.BofA Whistleblower to Receive $14.5M in Mortgage Case
May 30, 2012 -- A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accused subprime lender Countrywide Financial of inflating appraisals on government-insured loans, his attorneys said Tuesday. ...
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9.How Relevant Is Insurance? Asks XL CEO McGavick
May 29, 2012 -- XL Group CEO Mike McGavick asked a provocative question in a keynote speech at the European Insurance Forum in Dublin last week. How relevant is the insurance industry in today's globalized world? "The [percentage of] ...
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10.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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