Monday, August 8, 2011

Weekly Reader Picks: Monday, August 8, 2011

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Insurance Journal Weekly Reader Picks
August 8, 2011

Top 10 for the Past Week

1.Top 10 Most Stolen Vehicles in U.S.
Aug 3, 2011 -- Two Honda models top the list of U.S. thieves' favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determined the vehicle make, model, ...
2.How Debt Ceiling Politics Impact P/C Insurance Industry
Aug 1, 2011 -- As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies' portfolios, short- and long-term interest rates and a decline in equity markets. The leading concern among insurers in the July 28 ...
3.Two Big Southern California Agencies Merge
Aug 1, 2011 -- Two independent insurance brokers announced today they are joining forces to become one of the largest insurance brokerages in Los Angeles and Ventura counties. The August 1st agreement combines Northridge Insurance Agency (NIA) in the San Fernando ...
4.Atlantic Hurricane Forecast Revised
Aug 4, 2011 -- Federal storm watchers issued an updated 2011 Atlantic hurricane season outlook today, raising the number of expected named storms from its pre-season outlook issued in May. Forecasters  at the National Oceanic and Atmospheric Administration (NOAA) ...
5.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, ...
6.General Re, AIG Executives’ Convictions Tossed; New Trial Ordered
Aug 2, 2011 -- Four former executives at Berkshire Hathaway Inc.'s General Re Corp. unit and one at American International Group Inc. won the reversal of their convictions over a reinsurance transaction that prosecutors said fraudulently boosted AIG's loss ...
7.Montana Supreme Court Rules in Aluminum Baseball Bat Case
Aug 1, 2011 -- The Montana Supreme Court has awarded $850,000 to the family of a 18-year-old pitcher who was killed by a baseball hit off an aluminum bat. The aluminum baseball bat was not designed defectively, but the manufacturer should have had warnings about ...
8.Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture
Aug 5, 2011 -- A judge is allowing an Army veteran who says he was imprisoned unjustly and tortured by the U.S. military in Iraq to sue former Defense Secretary Donald H. Rumsfeld personally for damages. The veteran's identity is withheld in court filings, but he ...
9.Florida Governor Suggests Making PIP Coverage Optional for Drivers
Aug 2, 2011 -- Florida drivers should have the option to forgo purchasing what is now mandatory auto personal injury protection (PIP) coverage, says Gov. Rick Scott. Following the failure of lawmakers this year to reform the state's no-fault auto law, Scott has ...
10.California Man Arrested for Faking Death
Aug 3, 2011 -- A Southern California man and his wife were arrested Monday on suspicion of faking the man's death in 2004 so their family could receive life insurance and other death benefits, authorities said. Authorities received a tip that the man, Lucio ...

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