Monday, August 6, 2012

Weekly Reader Picks: Monday, August 6, 2012

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Insurance Journal Weekly Reader Picks
August 6, 2012

Top 10 for the Past Week

1.5 Ways How Not Using Coverage Checklists Benefits an Agency
Jul 31, 2012 -- I've written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last ...
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2.What to Know About the New Flood Insurance Program
Jul 31, 2012 -- If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed, ...
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3.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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4.A Decade Later: Is Sarbanes-Oxley Working? – Analysis
Jul 30, 2012 -- When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the ...
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5.Va. Court: Waiter's Choking on Quesadilla Didn’t Arise Out of Employment
Aug 1, 2012 -- A Virginia appeals court recently ruled that a waiter who was injured at work while attempting to swallow "a piece of quesadilla that was too big for his esophagus" can not collect worker's comp benefits. Court of ...
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6.Texting Driver in South Dakota Charged with Manslaughter
Jul 30, 2012 -- A man accused of fatally injuring a motorcyclist while he was speeding and texting is facing manslaughter charges in a case that could fuel efforts to ban texting while driving in South Dakota's largest city. ...
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7.The Libor Scandal – an Ongoing Major Catastrophe
Aug 1, 2012 -- The scope of the investigations that are unfolding in the wake of the charges against Barclay's Bank that it rigged the London Interbank Offered Rate (Libor) have taken on the proportions of a major catastrophe. "17 of ...
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8.One Size Does Not Fit All When Motivating a Sales Team
Aug 2, 2012 -- When a company's sales numbers lag, its sales executives often blame the compensation package and take steps to change the way they reward their sales employees. In the meantime, finance executives view sales force ...
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9.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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10.North Carolina Agent Arrested, Charged With Insurance Fraud
Aug 2, 2012 -- North Carolina regulators announced this week that a local insurance agent was arrested and charged with one felony count of obtaining property by false pretense.Department of Insurance criminal investigators allege ...
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