Monday, July 30, 2012

Weekly Reader Picks: Monday, July 30, 2012

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Insurance Journal Weekly Reader Picks
July 30, 2012

Top 10 for the Past Week

1.State Farm: Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills
Jul 23, 2012 -- State Farm has filed a lawsuit in Pennsylvania last Thursday against former Penn State assistant football coach Jerry Sandusky. In its complaint, State Farm asked a judge to declare that the insurer's homeowners' policy ...
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2.Liberty Mutual Announces Realignment; Names 4 Unit Executives
Jul 26, 2012 -- Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company -- which reported $139 million profit for its 2012 second-quarter earlier Wednesday -- also named ...
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3.Liberty Mutual: Much More Rate Hikes Needed to Correct Underpricing
Jul 26, 2012 -- The upward pricing trends are continuing in the U.S commercial lines, but much more rate increases are still needed to correct the chronic underpricing in the industry, Liberty Mutual CEO David Long remarked. "In U.S. ...
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4.Movie Studio Liability in Colorado Shooting Likely Limited
Jul 23, 2012 -- Families of victims and survivors of the deadly shooting at the Batman movie who seek to sue Warner Bros. and other companies behind "The Dark Knight Rises" are unlikely to get very far. The main reason, legal experts ...
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5.Typhoon Vicente Hits Hong Kong, but Only Minor Damage Reported: AIR
Jul 25, 2012 -- According to catastrophe modeling firm AIR Worldwide, Typhoon Vicente, the 8th named storm to form in the Northwest Pacific this year, struck Hong Kong at 4 a.m. Tuesday (July 24, 2012). Accompanied by heavy rains, a ...
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6.Travelers Reports More Rate Gains, Seeks Higher Homeowners Deductibles
Jul 20, 2012 -- The Travelers Companies, which reported its second-quarter results yesterday, said renewal rates are continuing to trend up across its business segments. Company executives emphasized, however, that rate hikes are a ...
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7.State Farm Pulling Its Ads From Penn State Football Broadcasts
Jul 26, 2012 -- State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school's credit rating, suggesting the price ...
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8.N.J. Officer Settles Suit Over Hair Put in Sandwich
Jul 23, 2012 -- A southern New Jersey police officer will get nearly $14,000 to settle a civil lawsuit he filed against a short-order cook who placed his own body and pubic hair in the officer's bagel sandwich as payback for a traffic ...
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9.Why Some Types of Multitasking Are More Dangerous Than Others
Jul 27, 2012 -- People are better at juggling some types of multitasking than they are at others, according to a new study that has implications for distracted drivers. Trying to do two visual tasks at once hurt performance in both ...
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10.CarFax Says Patent for Vehicle History Data Use in Insurance Approved
Jul 24, 2012 -- Carfax Inc. reported that federal officials have approved its patent applications for its auto insurance underwriting and rating system based on vehicle history attributes. CarFax said it expects the patents to be ...
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