Monday, April 11, 2011

Weekly Reader Picks: Monday, April 11, 2011

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Insurance Journal Weekly Reader Picks
April 11, 2011

Top 10 for the Past Week

1.Effect of Federal Government Shutdown on Insurance Industry
Apr 8, 2011 -- If Congress fails to pass a budget for the rest of 2011 and the federal government temporarily shuts down, it should still be business-as-usual for the property/casualty insurance industry. Since the industry is largely regulated by the states, not ...
2.Special Report: Top 10 Innovative P/C Insurance Products
Apr 1, 2011 -- A wave of new product offerings is jeopardizing the property/casualty insurance industry's image as uncool. Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections for risks involving new ...
3.Insurer Sues Celebrity Heiress Paris Hilton Over Missing Jewels
Apr 8, 2011 -- Paris Hilton is holding $60,000 of jewelry that does not belong to her and should give it back, a new lawsuit contends. A German insurer, Allianz SE, has sued the celebrity socialite and heiress to the Hilton Hotels fortune, saying she has ignored ...
4.‘Above Average’ 2011 Atlantic Hurricane Season Forecast
Apr 7, 2011 -- The 2011 Atlantic hurricane season will be above average with nine hurricanes, five of them major, with a more than 70 percent chance that at least one of them will hit the U.S. coastline, Colorado State University forecasters predicted Wednesday. ...
5.Japan Quake Reveals Cracks in Insurance System – Part I
Apr 5, 2011 -- Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. "We're pretty busy,'' he said of the period ...
6.Ariz. Court Says Parents Liable for Kids’ Wrecks
Apr 6, 2011 -- The Arizona Supreme Court has ruled that parents of minors are on the hook financially for auto accidents that occur, even when the children are violating their parents' instructions. The high court's decision in Amy Young v. Kenneth L. Beck and ...
7.Westside Rapist, Former California Claims Adjuster, Gets Life Sentences
Apr 5, 2011 -- A former state insurance adjuster dubbed the "Westside Rapist'' by police has been sentenced to life in prison for murdering seven women in sexual attacks that terrified Los Angeles in the 1970s and 1980s. John Floyd Thomas, 74, pleaded guilty to ...
8.Tom Hanks, Rita Wilson File Lawsuit Against Former Insurance Broker
Mar 23, 2011 -- Actor Tom Hanks and his wife, Rita Wilson, have filed a lawsuit seeking unspecified damages from their former insurance broker. According to celebrity gossip Web site TMZ, which discovered the lawsuit, Hanks and Wilson previously worked with the ...
9.Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6, 2011 -- Reinsurance rates may be edging higher only now, but the companies' shares could still surge amid investor hopes that disasters, including Japan's earthquake, will result in much higher rates in the future. Going into 2011, brokers and analysts ...
10.Strong Earthquake Shakes Japan’s Ruined Northeast Coast
Apr 7, 2011 -- Another Strong Earthquake Shakes Japan's Ruined Northeast Coast A strong earthquake of magnitude 7.4 shook the northeast of Japan late on Thursday, and a tsunami warning was issued for the coast already devastated by last month's massive quake and ...

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