Monday, January 31, 2011

Weekly Reader Picks: Monday, January 31, 2011

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Insurance Journal Weekly Reader Picks
January 31, 2011

Top 10 for the Past Week

1.What Did One Car Say to the Other Car?
Jan 27, 2011 -- "Hey, Honda Civic, my friend, stay in your lane. This is a friendly message from the Ford Focus to your right." "Well hello there, Ms. Lexus. How about letting up on the gas a bit? It's dark and the roads are icy and, heck, what's the rush? This ...
2.Courts Allowing Private Facebook Posts As Evidence in Lawsuits
Jan 27, 2011 -- It's the latest litigation tactic in the online age: U.S. lawyers are trying to mine the private zones of Facebook and other social-media sites for photos, comments, status updates and other tidbits that might contradict what their opponents are ...
3.Iowa Football Players Hospitalized After Strenuous Workouts
Jan 27, 2011 -- The University of Iowa says 12 football players have been hospitalized for symptoms likely related to offseason workouts. The school has declined to release the names of the players being treated. It said in a statement that the players were taken ...
4.What the Financial Crisis Commission Concluded About AIG’s Failure
Jan 27, 2011 -- The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG's poor risk management of its financial products and because  deregulation of over-the-counter derivatives, including credit default swaps, let ...
5.P/C Insurers Like Some of Obama’s State of Union Promises
Jan 27, 2011 -- Property/casualty insurers found things to like in President Obama's State of the Union speech that was largely focused on the economy and business. Medical malpractice reform, regulatory review, and trade agreements— these issues in particular ...
6.National Underwriter, Summit Media File for Bankruptcy
Jan 26, 2011 -- Summit Business Media and its affiliates including The National Underwriter insurance publisher have filed for Chapter 11 bankruptcy to address more than $250 million in debt and unsecured claims. The company said that it had already worked out an ...
7.Severed Finger Points Way to Suspected Arsonist in Florida
Jan 26, 2011 -- A piece of a severed finger inside a glove led police near Titusvillle, Fla. to a suspected arsonist. Investigators found the finger near the door of a burning home along North Dixie Highway latst Friday night. They checked local hospitals and found ...
8.New Jersey Man Gets 4 Years for $20M Insurance Scam
Jan 26, 2011 -- A former partner in a New Jersey-based insurance firm is going to prison for four years for his role in a $20 million loan scheme. Gavin Gatta's company, Smith Gatta Gelok, assisted businesses in buying commercial insurance. Gatta admitted that he ...
9.Insurers Form Florida Lobby Group to Change Personal Lines
Jan 25, 2011 -- Some of Florida's largest insurance companies have banded together and formed the Personal Lines Insurance Federation of Florida to lobby for changes in the state's regulatory environment in an effort to spur growth in the personal lines market. ...
10.Travelers Sees Insurance Business Improving
Jan 25, 2011 -- Travelers Companies Inc. posted a higher-than-expected quarterly profit and the largest publicly traded U.S. property insurer said there were early signs businesses were finally willing to spend more on insurance. Despite deep-seated pessimism about ...

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