Monday, September 10, 2012

Weekly Reader Picks: Monday, September 10, 2012

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Insurance Journal Weekly Reader Picks
September 10, 2012

Top 10 for the Past Week

1.Most Unusual Pet Insurance Claims of the Year
Sep 6, 2012 -- A dog that got bitten by a turtle, a hound found literally hanging around the barbecue grill and a cat that went for a ride after getting stuck in a car engine are among the nominees announced by Veterinary Pet ...
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2.California State Fund Restructures Broker Distribution
Sep 4, 2012 -- California's State Compensation Insurance Fund has changed its broker distribution model, requiring most of the roughly 5,000 brokers and agents the entity deals with to go through one of two wholesalers. The change, ...
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3.Buffett’s Berkshire Hathaway Relying Less on Insurance Units
Sep 4, 2012 -- Warren Buffett's recent birthday was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha's leadership. But the milestone also reminded shareholders they need to think about ...
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4.Former N.Y. Insurance Agent Arrested for Allegedly Stealing $648K
Sep 5, 2012 -- New York authorities announced last week that a Long Island, N.Y., man has been arrested and charged with multiple felonies after allegedly stealing more than $648,000 in premiums from a client and spending the money on ...
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5.Strong Earthquake Strikes Western Costa Rica: AIR Analysis
Sep 6, 2012 -- According to catastrophe modeling firm AIR Worldwide, on September 5 at 8:42 AM local time, a magnitude 7.6 earthquake struck a sparsely populated region of western Costa Rica approximately 150 km [94 miles] west of San ...
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6.Insurers Processing Estimated $1.2 Billion in Hurricane Isaac Claims
Sep 3, 2012 -- Insurance claims from Hurricane Isaac have starting coming in, with one estimate saying losses to insurers could total $1.2 billion. AIR Worldwide, which models losses for insurers, said its best estimate of losses was ...
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7.Florida Man Pleads Guilty to Phone Threats to Insurer’s Employees
Sep 3, 2012 -- A 49-year-old Florida man pleaded guilty Friday to making hundreds of threatening calls to employees at the Travelers Insurance Co. Brent Hansen of Seminole, Fla., entered guilty pleas in U.S. District Court in ...
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8.New National Parks’ Insurance Requirements Ignite Controversy
Sep 6, 2012 -- A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The ...
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9.U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh
Aug 31, 2012 -- The commercial general liability market for the U.S. construction industry continues to firm with underwriters seeking rate increases of up to 15 percent, according to a report published by Marsh. Construction firms ...
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10.Private Insurers in Line to Take 150,000 Policies from Florida’s Citizens
Sep 7, 2012 -- Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to ...
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