Monday, April 22, 2013

Weekly Reader Picks: Monday, April 22, 2013

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Insurance Journal Weekly Reader Picks
April 22, 2013

Top 10 for the Past Week

1.Top 10 States for Hail Claims: State Farm
Apr 17, 2013 -- Damage caused by wind and hail cost State Farm and its policyholders more than $3.9 billion in 2012. According to State Farm, the states with the most wind/hail losses include: Texas—47,000 claims Illinois—41,000 ...
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2.FBI Calls Boston Marathon Bombings ‘Potential’ Terrorist Act
Apr 15, 2013 -- The FBI said the investigation of the explosions at the finish line of the Boston Marathon is a "criminal investigation that is a potential terrorist investigation." The FBI, with Special Agent Richard DesLauriers ...
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3.Boston Marathon Bombings Suspect Identified: Reports
Apr 17, 2013 -- Investigators believe they have identified a suspect in the Boston Marathon bombing from security video and an official statement was expected later in the day, a U.S. law enforcement source said on Wednesday. However, ...
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4.Boston Marathon Bomb Victims May Turn to BAA Insurance, Central Fund for Compensation
Apr 17, 2013 -- Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how ...
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5.Update: 3 Dead, Many Injured in Explosions at Boston Marathon; III’s Hartwig Safe at Scene
Apr 15, 2013 -- The death toll in the bombings at the Boston Marathon has risen to three. More than 140 people are being treated at area hospitals for injuries, some of them grave and involving amputations. There were two explosions ...
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6.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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7.AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit
Apr 19, 2013 -- A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer's $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal ...
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8.Boston Bombing Investigators Gather Evidence: Backpack, Pressure Cooker, Ball Bearings
Apr 17, 2013 -- Boston Marathon bombing investigators on Wednesday entered the third day of their hunt with an emerging picture of the target: a suspect or suspects carrying heavy bags or backpacks made of dark nylon. While still ...
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9.New York Family Awarded $130M in Medical Malpractice Lawsuit
Apr 19, 2013 -- A Long Island, N.Y., family has been awarded $130 million in a malpractice lawsuit. The parents of Shannon Reilly of Bayport had sued St. Charles Hospital and Rehabilitation Center in Port Jefferson. They claimed her ...
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10.Former NFL Player Charged With Insurance Fraud in California
Apr 15, 2013 -- A former National Football League linebacker is facing charges for what prosecutors say was a $1.5 million scheme to defraud a Sacramento insurance company. The U.S. attorney's office said Friday that 42-year-old Marcus ...
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