Monday, April 15, 2013

Weekly Reader Picks: Monday, April 15, 2013

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Insurance Journal Weekly Reader Picks
April 15, 2013

Top 10 for the Past Week

1.New Workers’ Compensation Formula Lowers Premiums for Most Employers
Apr 9, 2013 -- A reworking of a key piece of the workers' compensation rating formula isn't changing rates overall but is changing premiums for most insureds, according to experts. Tony DiDonato,  director and senior actuary at the ...
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2.Gun Liability Insurance Bills Aren’t the Answer, Says Insurance Industry
Apr 10, 2013 -- Congress appears ready to take up gun control legislation for the first time in years, with proposals under consideration focusing on background checks, straw purchases and money for school safety. If the debate stays ...
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3.2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida
Apr 10, 2013 -- The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. ...
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4.Jury Finds State Farm Defrauded Flood Insurance Program
Apr 10, 2013 -- A federal jury in Mississippi has found that State Farm Fire and Casualty Co. avoided covering a policyholder's wind losses by blaming the damage on storm surge, which is covered by federal flood insurance. The verdict ...
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5.As Gun Sales Soar, Insurance Sales Follow Suit
Apr 11, 2013 -- Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts in this segment say new policy submissions dealing with all aspects of guns, ...
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6.What to Expect in Commercial Insurance Prices for Remainder of 2013: Willis
Apr 10, 2013 -- Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see ...
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7.UN Report Finds World Climate Change Goal at Risk as Emissions Surge
Apr 15, 2013 -- A global goal for limiting climate change is slipping out of reach and governments may have to find ways to artificially suck greenhouse gases from the air if they fail to make deep cuts in rising emissions by 2030, a ...
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8.Liberty Mutual’s CEO Long Elected Chairman as Kelly Retires
Apr 11, 2013 -- Boston-headquartered insurance giant Liberty Mutual Insurance said its board of directors elected CEO David Long, 52, as chairman of Liberty Mutual Insurance, effective June 28, 2013. Long will succeed Edmund "Ted" ...
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9.President Obama Proposes Cuts in Crop Insurance Subsidy, Insurer Costs
Apr 10, 2013 -- President Barack Obama proposed reducing the most expensive part of the farm safety net by cutting the subsidy to farmers for buying crop insurance. At present, the government pays 62 cents of every $1 of insurance ...
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10.Missouri Jury Awards $2.2M for Trucker’s Injuries
Apr 9, 2013 -- A truck driver from Oklahoma has been awarded more than $2 million for injuries sustained while unloading Dollar General merchandise at a store in Troy, Mo.. The St. Louis Post-Dispatch reports that a federal jury in ...
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