Monday, August 1, 2011

Weekly Reader Picks: Monday, August 1, 2011

Insurance Journal Weekly Reader Picks
August 1, 2011

Top 10 for the Past Week

1.Allstate Agents Hope Unionization Sparks Changes at Insurer
Jul 26, 2011 -- Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate Agents (NAPAA) claims that ...
2.Florida Nudists Injured in Water Scooter Crash
Jul 29, 2011 -- Authorities say two people were injured when their water scooter hit a sea wall near Cypress Cove Nudist Resort in Kissimmee. An Osceola County Fire Rescue spokeswoman said the crash happened just before 8 p.m. Sunday. A man and a woman, both 62, ...
3.5 Sentenced in Va. for $100M Fraud Scheme
Jul 25, 2011 -- Five men who pleaded guilty in a $100 million fraud scheme that claimed about 800 victims nationwide were sentenced Friday to federal prison terms ranging from three years to more than 15 years. The five included the co-founder and the former ...
4.Iowa Pays $180,000 to Working Mom Fired by State
Jul 27, 2011 -- The state has agreed to pay $180,000 to settle the claim of a state worker who was fired after her supervisor expressed skepticism that working mothers can handle high-pressure jobs. That supervisor, Roya Stanley,  resigned from her job at the Iowa ...
5.Best Gauges Potential Impact of U.S. Debt Ceiling Impasse on Insurers
Jul 25, 2011 -- "With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing increased overall risk on their balance sheets," states A.M. Best. The company recently announced the findings of ...
6.Bresnahan Named President of Lexington Insurance
Jul 26, 2011 -- David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the United ...
7.Mass. Gun-Maker to Pay $600K in Gun-Death Lawsuit
Jul 28, 2011 -- A Massachusetts gun-maker has agreed to pay nearly $600,000 to the families of one man who was killed and another man who was wounded in a shooting involving a gun allegedly stolen from the company, a national gun-control group announced Tuesday. ...
8.Chinese Drywall Supplier Told to Release Insurance Details
Jul 27, 2011 -- A South Florida judge has ruled that a Miami-based supplier of tainted Chinese drywall must disclose more details about a proposed $55 million class-action settlement. A Broward County judge ruled that Banner Supply Co. must release more information ...
9.Michigan Court Dismisses Suit Over Tree Branch Death
Jul 25, 2011 -- The Michigan appeals court won't hold a couple responsible for a tree branch that fell and killed a 45-year-old Kalamazoo man during high winds in June 2008. Joseph Clock's estate sued Neal and Susan Kemp, claiming they should have known about the ...
10.What the Waffle House Can Teach About Managing Supply Chain Risk
Jul 19, 2011 -- What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring's devastating tornadoes? Plenty, says a supply chain expert at Olin Business School, Washington University in St. Louis. "The ...

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