Monday, December 10, 2012

Weekly Reader Picks: Monday, December 10, 2012

Insurance Journal Weekly Reader Picks
December 10, 2012

Top 10 for the Past Week

1.NYC Marathon Organizers Likely to Get Millions From Event Insurance
Dec 5, 2012 -- The New York Road Runners -- a non-profit community running group and the organizer of the annual New York City Marathon -- could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. ...
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2.Small Business Owners Face Health Insurance Dilemma
Dec 6, 2012 -- Rose Wang looks at her staff of 70 employees and wonders if she'll have to lay off some of them to comply with the health care law. The owner of Binary Group Inc., an information technology firm based in Alexandria, ...
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3.What We Know About Superstorm Sandy a Month Later
Dec 4, 2012 -- Superstorm Sandy wreaked havoc on parts of the U.S. East Coast in late October after tearing through the Caribbean. In the weeks since, the storm's scope has come into sharper focus. Deaths Sandy killed at least 125 ...
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4.Munich Re Study Focuses on Rising 'Cyber Crime'
Nov 29, 2012 -- "Cyber attacks are a reality and companies need to prepare themselves," warns Munich Re in a recently released study - "Cost of Cyber Crime" - conducted by the Ponemon Institute. "Advancements in the IT sector are ...
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5.States With ‘No Pay, No Play’ Laws Lower Uninsured Motorists Rate
Dec 4, 2012 -- A state's percentage of uninsured motorists is affected by a no pay, no play law, albeit modestly. A new study from the Insurance Research Council (IRC) estimates that the uninsured motorist (UM) rate can fall by as ...
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6.More Workers Claiming Job Discrimination Over Language, Accents
Dec 4, 2012 -- More people in the workforce are claiming discrimination over their English-speaking ability or foreign accents, according to federal officials. Workplace discrimination complaints based on national origin — which ...
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7.Willis Boosts Construction Practice with 4 Ex-Aon Specialists, 2 Others
Dec 4, 2012 -- Willis North America has made a series of appointments in its construction practice to serve clients in the expanding default insurance marketplace. The following individuals comprise Willis' Default Insurance Group, ...
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8.Commercial Lines Rates Up 5% in November: MarketScout
Dec 6, 2012 -- The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout's Commercial Lines Market Barometer, by ...
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9.From Ashes of Penn. Estate Rises a Lawsuit for $20M Insurance Proceeds
Dec 4, 2012 -- The 53-page document reads more like a screenplay than a lawsuit. If Jerald Batoff's claim is true, that's how it may end up. More than seven months after his historic Main Line home, a 24,000-square-foot estate ...
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10.Obamacare Medical Loss Ratio Saved $1.5 Billion in 2011: Report
Dec 5, 2012 -- Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011, due to the Affordable Care Act's medical loss ratio provision requiring health insurers to spend at least 80 percent of premium ...
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