Monday, January 3, 2011

Weekly Reader Picks: Monday, January 3, 2011

Insurance Journal Weekly Reader Picks
January 3, 2011

Top 10 for the Past Week

1.Report: Some Insurers 'Low-Balling' Auto Insurance Claims for Bodily Injury
NATIONAL Dec 29, 2010 -- Some insurance companies that use computerized systems to process their claims are making unfair, "low-ball" claims offers to people injured in automobile accidents, according to a consumer advocacy group. The Consumer Federation of America (CFA) is warning Americans ...
2.Allstate Sues Bank of America Over Countrywide Mortgage Losses
NATIONAL Dec 28, 2010 -- Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide. Allstate, the largest publicly traded U.S. home and ...
3.Top 5 Things Affecting Excess & Surplus Market in 2011
NATIONAL Dec 30, 2010 -- It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail agents scrambling to retain business. Established ...
4.New Year's Day Top Working Holiday for Car Thieves
NATIONAL Dec 28, 2010 -- While Americans are enjoying the holidays and most have time off from work, holidays are just another day at the shop for vehicle thieves. New Year's Day was once again the leading holiday for reported vehicle thefts in 2009, while Christmas Day repeated as the holiday ...
5.Massachusetts Man Pleads Guilty in Fatal Staged Accident
EAST Dec 28, 2010 -- A former Lawrence, Massachusetts man who participated in a staged car crash that took the life of a 65-year-old grandmother has been sentenced to 2 1/2 years in prison after pleading guilty to manslaughter. Prose
6.Maine Reporter Sues Ski Area over Accident
EAST Dec 29, 2010 -- A newspaper reporter is suing a Maine ski area two years after breaking her back while riding inside a giant ball down a ski trail for a story. Rebekah Metzler, of Brunswick, worked for the Sun Journal of Lewiston in June 2008 when the Lost Valley ski area in Auburn ...
7.2010's Top Insurance Stories in the West
WEST Dec 23, 2010 -- In 2009, independent insurance agents and brokers faced a "perfect storm" with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr Risk Services Inc. and ...
8.Mistrial Ruled After Arkansas Doctor Accused of Malpractice Treats Juror
TEXAS / SOUTH CENTRAL Dec 28, 2010 -- An Arkansas medical malpractice lawsuit ended in mistrial in federal court in Jonesboro when the doctor being sued treated an ill juror in the courtroom in front of other jurors. The Jonesboro Sun reported that the juror became ill during opening statements of the ...
9.New York City Ponders Benefits of Pay As You Drive Insurance
EAST Dec 28, 2010 -- New York City is considering whether pay-as-you-drive auto insurance could reduce congestion and pollution in the Big Apple. The city's department of transportation has issued a request for expressions of in
10.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 ...

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