Monday, December 16, 2013

Weekly Reader Picks: Monday, December 16, 2013

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Insurance Journal Weekly Reader Picks
December 16, 2013

Top 10 for the Past Week

1.Federal Insurance Office Releases Long-Awaited Modernization Report
Dec 12, 2013 -- After nearly two years of delay, the U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United States. ...
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2.South Texas Jury Awards $281 Million in Lawsuit
Dec 9, 2013 -- The family of a man killed by a part breaking off a truck doing Eagle Ford Shale oilfield work has won a $281 million lawsuit judgment from a South Texas jury. The Dimmit County lawsuit stemmed from the May, 29, 2012, ...
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3.Frustrated Insurance Brokers Say They Can Help Obamacare If Allowed
Dec 10, 2013 -- When insurance agent Kelly Fristoe recently spent 30 minutes helping a client pick a mid-level health plan and the federal marketplace website froze, he called the government's hotline and tried to finish the ...
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4.Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values
Dec 12, 2013 -- When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a "gold mine." The world's largest inner-city park - featuring a lush, 18-hole golf course - was about to get built across ...
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5.The Agency Producer Activity Gap and How to Close It: Survey
Dec 11, 2013 -- Agency producers are not spending enough of their time on the sales-related activities that they and their managers think they ideally should. Instead they are spending more time than they think they should on ...
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6.Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey
Dec 12, 2013 -- Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary Maier as senior executive vice president. In his new role, Maier will ...
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7.AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.
Dec 11, 2013 -- North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to bring 230 new jobs to ...
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8.Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker
Dec 11, 2013 -- The family of a North Carolina teenager shot and killed by a stray bullet is suing the gunmaker. A state lawsuit filed Monday in Charlotte says the Remington Model 700 rifle misfired and the company was negligent in ...
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9.QBE Shares Drop Most in 12 Years on Unexpected U.S. Loss Forecast
Dec 9, 2013 -- QBE Insurance Group Ltd., Australia's second-largest insurer by market value, plunged the most in 12 years after forecasting an unexpected loss due to write-downs at its North American operations. The company predicts ...
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10.Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014
Dec 11, 2013 -- Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the ...
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