Monday, July 29, 2013

Weekly Reader Picks: Monday, July 29, 2013

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Insurance Journal Weekly Reader Picks
July 29, 2013

Top 10 for the Past Week

1.Travelers’ Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned
Jul 23, 2013 -- The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and ...
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2.Six Flags Investigates Fatal Accident on Texas Giant Coaster
Jul 22, 2013 -- Six Flags Entertainment Corp. is examining the Texas Giant roller coaster at its Six Flags Over Texas theme park following the death of a woman on July 19, the company said in an e-mailed statement. The Arlington, ...
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3.Six Flags Roller Coaster Had Previous Injuries; Min. $1M in Liability Coverage
Jul 24, 2013 -- Nearly a dozen people reported being injured in the last five years while riding the Texas roller coaster from which a woman fell to her death last week, though the most serious injuries appear to be a concussion and ...
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4.Investors See Travelers’ Cuts in Auto as Sign Rate Hikes Have Peaked
Jul 24, 2013 -- Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company's shares fell 4 percent by ...
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5.Social Media: It’s Here to Stay
Jul 22, 2013 -- The Most Successful Users Know Their Markets The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for certain: While the nature of social ...
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6.Zurich Among Insurers Said to Be Probed in Expanded N.Y. Inquiry
Jul 24, 2013 -- Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening probe into compliance with an Iran sanctions law, according to a person familiar with the matter.The state ...
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7.Florida Supreme Court Rules Replacement Cost Includes Contractor’s Profit
Jul 24, 2013 -- Florida's high court has ruled that insurers under a 2008 law must pay a contractor's overhead and profit as part of the expense of repairing a homeowner's property despite the fact the repairs may not have been ...
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8.Florida Woman Sues Airline Over Rough Landing
Jul 25, 2013 -- A Tampa-area woman has sued US Airways, saying she was injured after a rough landing at Tampa International Airport. Nancy Linker, who is 48, said in the lawsuit that she was hospitalized after the front tires of US ...
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9.W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire
Jul 23, 2013 -- W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of 2013 came in at $233 ...
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10.The Ins and Outs of Errors and Omissions Insurance
Jul 19, 2004 -- Almost all agents have clients with errors and omissions (E&O) exposure and the most difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling E&O/EPL/D&O ...
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