Monday, April 25, 2011

Weekly Reader Picks: Monday, April 25, 2011

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Insurance Journal Weekly Reader Picks
April 25, 2011

Top 10 for the Past Week

1.McDonald’s Not Smiling Over Happy Meals Lawsuit
Apr 20, 2011 -- A lawsuit seeking to stop McDonald's Corp. from offering toys with Happy Meals must be dismissed because parents can always choose not to buy the meals for their children, the hamburger giant said in a court filing late Monday. The lawsuit accuses ...
2.Belly Dancing Sinks New York Woman’s Disability Claim
Apr 19, 2011 -- A Staten Island woman who was getting $850 a month in alimony because she was supposedly disabled and unable to work had to give the payments up after her ex-husband spotted photos of her belly dancing on the Internet. Brian McGurk went to court ...
3.Iowa Man Accused of Beating up Boss, an Insurance Agency Owner
Apr 21, 2011 -- A 41-year-old Sioux City, Iowa, man has been accused of beating up his boss before the boss, the owner of an insurance agency, could fire him. Court records say Joseph Sauce faces charges of willful injury and false imprisonment for the attack at an ...
4.Top 10 U.S. Excess/Surplus Insurers
Apr 22, 2011 -- Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA Financial Corp. QBE Insurance ...
5.How P/C Insurance Industry Fared Financially in 2010
Apr 20, 2011 -- U.S. property/casualty insurers' net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers' rate of return on average policyholders' surplus increasing to 6.5 percent from 5.9 percent. ...
6.Calif. Places Majestic Insurance into Conservatorship
Apr 21, 2011 -- Workers' compensation insurer Majestic Insurance Co. has been placed into conservation by order of the San Francisco Superior Court. California Insurance Commissioner Dave Jones has simultaneously filed a motion seeking approval for a proposed ...
7.Pool Company President Takes Blame for Connecticut Boy’s Drowning
Apr 15, 2011 -- A swimming pool company president charged in a Connecticut boy's 2007 drowning pleaded guilty to criminally negligent homicide, a misdemeanor, for not installing a state-mandated safety device. David Lionetti had been charged with manslaughter, ...
8.Across Country, 1 in 7 Drivers Uninsured; In Some States, 1 in 4
Apr 21, 2011 -- Across the United States, chances are roughly one in seven that a driver is uninsured. The estimated percentage of uninsured motorists stood at 13.8 percent in 2009, according to a new study from the Insurance Research Council (IRC). The group said ...
9.Will $1.6 Billion Bank of America Settlement Embolden Others?
Apr 19, 2011 -- Critics are warning that Bank of America Corp.'s $1.6 billion settlement over dodgy home loans could serve as a starting point in a fight that ends up costing the bank tens of billions more. The settlement with Assured Guaranty Ltd resolved claims ...
10.Workers’ Comp TV Show Pilot Begins Filming in Florida
Apr 11, 2011 -- Hollywood thinks workers' compensation can be funny. Workers' Comp, a half-hour TV comedy about crazy employees handling absurd and often-fraudulent insurance claims from injured workers, begins filming pilot episodes in Bradenton, Florida this ...

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