Monday, November 25, 2013

Weekly Reader Picks: Monday, November 25, 2013

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Insurance Journal Weekly Reader Picks
November 25, 2013

Top 10 for the Past Week

1.Tower Group Update: CEO Says Insurer Will Meet Obligations
Nov 20, 2013 -- A day after Tower Group International Ltd. disclosed "substantial doubt about the company's ability to continue as a going concern," the insurer's CEO issued a letter seeking to reassure business partners that it ...
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2.States, Insurers Working on Ways to Bypass Obamacare Federal Exchange
Nov 21, 2013 -- States and insurers are already working to bail out President Barack Obama's healthcare overhaul, anticipating the system's online insurance exchanges may not be ready by a critical December deadline. All of the ...
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3.Prospects Dim for Bills to Delay Flood Insurance Rate Hikes
Nov 21, 2013 -- Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. The leaders of the House Financial Services Committee say they are standing ...
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4.Tower Group Expects to Avoid NASDAQ Delisting
Nov 22, 2013 -- Tower Group International, Ltd. announced Wednesday that NASDAQ has notified the company that it is not in compliance with the exchange's listing requirements. According to Tower's press release, which was issued in ...
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5.Some Interest in Selling Private Flood Insurance in Florida Surfaces
Nov 19, 2013 -- With increases in federal flood insurance rates looming, two insurance providers have said they are prepared to sell private flood policies in Florida. Their actions come as state officials are trying to provide ...
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6.Scientists Say Asteroids Pose Serious Threat… But Don’t Panic
Nov 22, 2013 -- On Feb. 15, a 13,000-ton rock plunged through the skies above Chelyabinsk, Russia. It shone 30 times brighter than the sun, and hurtled at 42,000 miles per hour toward a city of more than a million people. As the rock ...
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7.Tower Restating Prior Financials; ‘Going Concern’ Status in Doubt
Nov 18, 2013 -- Tower Group International Ltd. announced Nov. 14 that it is restating previously filed audited annual consolidated financial statements for 2011 and 2012, which are contained in Tower's March 31, 2013 10-K annual ...
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8.State Insurance Commissioners Lack Consensus on Cancellations
Nov 21, 2013 -- Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to keep medical plans that don't meet the requirements of the U.S. ...
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9.State Proposals to Mandate Insurance for Gun Owners Falter
Nov 19, 2013 -- Plans to mandate liability coverage for U.S. gun owners after last year's school shooting in Connecticut have languished as opponents attack the proposals by comparing them to President Barack Obama's health ...
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10.10 Ideas Chosen for Coastal Shields in New York, New Jersey
Nov 19, 2013 -- Here's one way to stop the floodwaters the next time a monster like Superstorm Sandy comes ashore in New York City: Build an 8-mile-long system of dikes around the low-lying parts of Manhattan. A proposal for just such ...
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