Monday, September 17, 2012

Weekly Reader Picks: Monday, September 17, 2012

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Insurance Journal Weekly Reader Picks
September 17, 2012

Top 10 for the Past Week

1.Travelers’ CEO Fishman: Rate Increases Continuing
Sep 11, 2012 -- Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide ...
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2.Wisconsin's Sentry Insurance Cuts Office Jobs, Home-Based Agents
Sep 9, 2012 -- Sentry Insurance, based in Stevens Point, Wis., says it's cutting 27 office jobs in central Wisconsin and 144 home-based agents across 10 states as it restructures its strategy for selling personal line policies. Those ...
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3.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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4.Insurance Agent is Face of Anti-Muslim Film Inflaming Middle East
Sep 14, 2012 -- A California insurance agent and Vietnam War veteran is the public face for the anti-Muslim film inflaming the Middle East, several news sources are reporting. Film promoter and insurance agent Steve Klien, who ran in ...
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5.Length of Yellow Traffic Lights Could Prevent Accidents
Sep 13, 2012 -- A couple of years ago, Hesham Rakha misjudged a yellow traffic light and entered an intersection just as the light turned red. A police officer handed him a ticket. "There are circumstances, as you approach a yellow ...
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6.Status of World Trade Center Site, 11 Years Later
Sep 11, 2012 -- Eleven years after terrorists attacked the World Trade Center, the new multibillion-dollar World Trade Center once again dominates the lower Manhattan skyline. Hundreds of construction workers are at the 16-acre site ...
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7.IRS Says It Has No Role in Enforcing Health Insurance Mandate
Sep 12, 2012 -- The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement that Americans buy insurance under President Barack Obama's healthcare ...
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8.U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10, 2012 -- The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer's crisis-era bailout and bringing the unpopular rescue closer to its end. ...
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9.Court: Severance Pay Not Subject to Employment Tax
Sep 10, 2012 -- In a tax decision that could have wide business implications, a U.S. appeals court ruled on Friday that employment taxes should not have been imposed on severance pay in an involuntary layoff. The 6th Circuit Court of ...
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10.In Penn. Lawsuit, ACE Accuses OneBeacon of Poaching Employees
Sep 13, 2012 -- ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE's East ...
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