Monday, May 2, 2011

Weekly Reader Picks: Monday, May 2, 2011

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Insurance Journal Weekly Reader Picks
May 2, 2011

Top 10 for the Past Week

1.Florida Insurer Closing its Doors
Apr 29, 2011 -- A Florida insurance company is on its way to closing its door as it informed agents it is going to start dropping policyholders when their policies are up for renewal. Argus Fire & Casualty, a subsidiary of the Miami Gardens-based United ...
2.Overcapacity in P/C Insurance Keeping Commercial Prices Down
Apr 26, 2011 -- Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters' efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three of the four lines of business ...
3.The Future of the Independent Agency (Has Nothing to Do with Age)
Apr 29, 2011 -- For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency system because the average age of agency owners has been in the late 50s. The same happens to be true with ...
4.With Oracle’s Ellison as Foreman, Calif. Jury OKs $470K in Slip & Fall
Apr 27, 2011 -- Larry Ellison is famous for wanting to be in charge, so perhaps it is no surprise that when jury duty came calling, Oracle's chief executive served as the foreman. And for a woman who slipped in diesel fuel at a Northern California Ford dealership, ...
5.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 ...
6.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 ...
7.Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up
Apr 25, 2011 -- Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of helping insurance companies inflate results or a major company he helps oversee is sanctioned for accounting ...
8.Boys Drive Excavator at Pennsylvania Mine, Smash Bulldozer
Apr 27, 2011 -- Pennsylvania State police say two boys, ages 12 and 9, drove a large excavator at a southwestern Pennsylvania strip mine, smashing a bulldozer in the process. Police say the 12-year-old will be charged with felony criminal mischief in Greene County ...
9.P/C Premium Growth Not Enough for Market Turnaround: Conning
Apr 25, 2011 -- The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research & Consulting. Premium growth rates ...
10.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 ...

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