Monday, November 4, 2013

Weekly Reader Picks: Monday, November 4, 2013

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Insurance Journal Weekly Reader Picks
November 4, 2013

Top 10 for the Past Week

1.Safe, Happy Halloween From ‘World’s Leading Authority on Poisoned Candy’
Oct 31, 2013 -- I have a second, unpaid job. It's seasonal. Each year during the last two weeks of October, I field a lot of calls from reporters. You see, I'm the world's leading authority on poisoned Halloween candy. I acquired ...
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2.Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Oct 28, 2013 -- Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address ...
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3.Buffett Looking For Acquisitions as Berkshire’s $40B Cash Pile Deemed ‘Too Much’
Oct 31, 2013 -- Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn't investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an ...
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4.Usage-Based Auto Insurance on Road to Becoming Standard Offering
Oct 29, 2013 -- Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto ...
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5.Obama Administration Under Fire for Individual Health Policy Cancellations
Oct 30, 2013 -- President Barack Obama's advisers deliberately crafted his signature healthcare law to fulfill his oft-repeated promise: those who like their insurance can keep it. Even with that provision, Obama administration ...
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6.Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’
Oct 28, 2013 -- A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that "the economics of ...
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7.Nightclub Insurer Founder Fights Delaware Regulator Over Seizure
Oct 30, 2013 -- Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and ...
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8.Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years?
Nov 1, 2013 -- Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big "I"- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fifth ...
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9.Insurance, Tax, Climate Groups Hit Possible Delay in Flood Insurance Changes
Oct 28, 2013 -- The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of ...
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10.Insurers Rated on Customer Satisfaction with Auto Claims: J.D. Power
Oct 30, 2013 -- Customer satisfaction with auto insurance claims handling is improving, due in large part to insurers' improvements in managing the first notice of loss (FNOL) process and providing faster payments to claimants, ...
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