Monday, January 10, 2011

Weekly Reader Picks: Monday, January 10, 2011

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Insurance Journal Weekly Reader Picks
January 10, 2011

Top 10 for the Past Week

1.Year-End Storms Cloud P/C Insurers' Profit Picture
NATIONAL Jan 5, 2011 -- U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add more reason for ...
2.Top Workers' Compensation News in 2010
NATIONAL Jan 4, 2011 -- Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers' compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information ...
3.Toyota Says Subrogation By 7 Insurers for Acceleration Claims Is Meritless
NATIONAL Jan 4, 2011 -- Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for car crashes blamed on unintended acceleration of Toyota vehicles. The
4.Exclusive
Six Keys to Harleysville's Turnaround
EAST Dec 31, 2010 -- Six years ago, Harleysville Group was in need of a big change. The Pennsylvania-based insurer had just come out of the worst performing year in its history. That's when newly appointed CEO Michael Browne — who declared the company's performance in 2003 was "totally ...
5.Hub International Acquires Four Western Companies
WEST Jan 4, 2011 -- Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance Group Inc., Bothell, Washington-based insurance brokerage and employee ...
6.California Approves Homeowners Underinsurance Regulations
WEST Dec 31, 2010 -- California's Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take effect June 27, 2011. The Standards and Training for ...
7.House Republicans Aim to Repeal Healthcare Law
NATIONAL Jan 4, 2011 -- Republicans in the U.S. House of Representatives plan to pass a bill next week to repeal President Barack Obama's overhaul of the U.S. healthcare system, a senior party aide said Monday, but the effort is widely expected to fail in the Senate. The new Congress will ...
8.Exclusive
Test Your 2010 Insurance News IQ: 25 Questions
NATIONAL Dec 31, 2010 -- Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page-- don't cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. During the year, Congres
9.Texas Insurance Commissioner Geeslin to Step Down
TEXAS / SOUTH CENTRAL Jan 5, 2011 -- Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TD
10.Cruise Ship Wins $24 Million in Florida Suit Against Rolls-Royce
SOUTHEAST Jan 7, 2011 -- A jury has awarded $24 million to Carnival Corp. in its lawsuit against Rolls-Royce PLC involving claims of a faulty propulsion system aboard the luxury liner Queen Mary 2. The jury verdict came after a two-week federal trial. A Carnival spokesman said jurors awarded $16 ...

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