Monday, March 25, 2013

Weekly Reader Picks: Monday, March 25, 2013

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Insurance Journal Weekly Reader Picks
March 25, 2013

Top 10 for the Past Week

1.Buffett’s Salary Unchanged After 25 Years
Mar 18, 2013 -- Warren Buffett's total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his salary remained unchanged at $100,000. Buffett's salary for leading Berkshire as ...
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2.Agency Compensation: Who’s Worth What in Your Independent Agency?
Mar 20, 2013 -- From top level managers to office and support staff — every person in an agency has a role to play in helping the agency win in the sales game. When one person fails, the whole agency suffers. And when an agency ...
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3.Carnival Cruise Ships To Be Out of Service Longer Than Expected
Mar 21, 2013 -- The Carnival Triumph, which was crippled by an engine fire in the Gulf of Mexico last month leaving 4,200 people stranded for five days, will be out of service longer than initially expected, Carnival Cruise Lines ...
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4.Cooper Gay Swett & Crawford Moving to ‘Next Level,’ Says CEO Esser
Mar 19, 2013 -- On the last day of February, international independent broker Cooper Gay Swett & Crawford (CGSC) made some significant changes in the management of its U.S. operations. In a telephone interview with Insurance ...
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5.Esurance and Walmart Team Up for Auto Insurance Discount Program
Mar 22, 2013 -- Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance kiosks located in ...
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6.Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI
Mar 22, 2013 -- The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion -- which effectively wipes out the entire U.S. marine premiums for 2012, according to the annual spring ...
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7.Insurance Firm QBE Laying off 113 in Lincoln, Nebraska
Mar 20, 2013 -- An insurance company is closing a call center in Lincoln, Neb., and laying off more than 100 people. The Lincoln Journal Star reports QBE North America will close the call center on May 10 and eliminate 113 jobs. The ...
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8.Some Massachusetts MetLife Employees Take Work-From-Home Option
Mar 19, 2013 -- Insurance giant MetLife Inc. recently announced it will be transitioning some 2,600 jobs from five Northeastern states and California to new U.S. retail and technology hubs in North Carolina. The company's decision ...
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9.Supreme Court Insurance Ruling a Setback for Class Action Claimants
Mar 20, 2013 -- The U.S. Supreme Court on Tuesday ruled that a homeowner seeking to sue his insurer could not file suit in a state court considered friendly to plaintiffs. In a unanimous ruling that marks a setback for lawyers who file ...
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10.Insurance Claim-Padding OK with 24% of Americans: Survey
Mar 20, 2013 -- Twenty-four percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductibles they are required to pay. That is lower than the 33 percent found in 2002, according ...
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