Monday, December 17, 2012

Weekly Reader Picks: Monday, December 17, 2012

Insurance Journal Weekly Reader Picks
December 17, 2012

Top 10 for the Past Week

1.Only 15 States Plan to Operate Own Health Insurance Exchanges
Dec 13, 2012 -- Only 15 U.S. states plan to operate health insurance exchanges under President Barack Obama's reform law, leaving Washington with the daunting prospect of creating and operating the new online marketplaces in at least ...
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2.Creating a World-Class Insurance Sales Culture
Dec 13, 2012 -- This post is part of a series on insurance marketing and training sponsored by Astonish. Selling insurance isn't like it used to be. Not many people just walk-in or call ready to do business anymore. And when they do, ...
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3.Dallas Cowboy Charged After Player Dies in Auto Accident
Dec 11, 2012 -- Police charged Dallas Cowboys defensive lineman Josh Brent with intoxication manslaughter after he flipped his car in a pre-dawn accident that killed teammate Jerry Brown. Irving police spokesman John Argumaniz said the ...
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4.N.J. Couple Charged With Allegedly Pocketing $1.8M in D&O Premiums
Dec 11, 2012 -- A Central New Jersey couple that ran a now-defunct insurance brokerage firm has been charged with allegedly conspiring to steal nearly $1.8 million by failing to remit insurance premiums to eight insurers. The 27-count ...
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5.Commentary: AIG ‘Profits’ an Insult to the Concept
Dec 13, 2012 -- To say taxpayers made money from their investment in AIG is to libel the very concept of profit. Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced on ...
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6.Commentary: Lessons From Recent Decisions on Bad Faith Litigation
Dec 12, 2012 -- A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. ...
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7.Dallas Cowboys Player Death Raises Question of Safety Net
Dec 12, 2012 -- San Francisco 49ers defensive end Demarcus Dobbs walked away from a one-vehicle accident on his 25th birthday last month and was arrested on suspicion of drunk driving. Less than two weeks later, with the NFL rocked by ...
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8.Government to See $23 Billion Total Profit on AIG Bailout
Dec 11, 2012 -- The U.S. Treasury's sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer. The share ...
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9.Lawsuit Claims TV’s ‘Storage Wars’ Show Is Rigged
Dec 13, 2012 -- Some of the valuables found hidden in abandoned lockers on A&E's "Storage Wars'' have been added by producers to deceive viewers, a former cast member of the show claims in a lawsuit filed Tuesday. David Hester's ...
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10.Treasury Selling All of Its Remaining AIG Common Stock
Dec 10, 2012 -- The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout. The sale will close ...
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Friday, December 14, 2012

Insurance Book Bundle - Expires Today!

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All books authored by insurance and risk management expert
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Tuesday, December 11, 2012

Five Incredible Insurance Books

Add these insurance books to your bookshelf with our best book deal ever!
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Five Insurance Books for just $47:

Each of these books sell individually for $32. Today you can get all five books in digital format for just $47.

Get this Deal! »

You'll receive:

Insurance, Risk & Risk Management The Insurance Professional's Basic Guide to Risk Management and Insurance

Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Insurance Coverages, Concepts and Exclusions

Property and Casualty Insurance Concepts Simplified Key property and casualty concepts rarely discussed or found in print; rather they are often left to be "discovered" over time.

The Insurance Professional's Practical Guide to Workers' Compensation Boggs addresses in clear, jargon-free English many of the concepts, policies and practices in workers compensation.

Business Income Insurance Demystified The Simplified Guide to Understanding Business Income Coverage

Get this Deal! »

Delivered immediately in digital format.

Regular priced at $164.95, but today you can add these books to your collection for only $47!

Any questions? Contact Barbara at 800-897-9965 x166 or email books@insurancejournal.com

get this





Expires Friday
get this

Immediate digital download of our best-selling property casualty books

BOOK 1:
The Insurance Professional's Basic Guide to Risk Management and Insurance

BOOK 2:
Wow! I Never Knew That!
12 of the Most Misunderstood and Misused P&C Insurance Coverages, Concepts and Exclusions

BOOK 3:
Property and Casualty Insurance Concepts Simplified

BOOK 4:
The Insurance Professional's Practical Guide to Workers' Compensation

BOOK 5:
Business Income
Insurance Demystified

Get this deal!


All books authored by insurance and risk management expert
Christopher J. Boggs.


Chris Boggs
View bio


Copyright © 2012 Wells Media Group, Inc., All rights reserved.

Insurance Journal / Academy of Insurance
3570 Camino del Rio N
Suite 200
San Diego, CA 92108
Toll Free: (800) 897-9965

Monday, December 10, 2012

Breaking News: Treasury Selling All of Its Remaining AIG Common Stock

Insurance Journal Breaking News
December 10, 2012

Breaking News Alert

Treasury Selling All of Its Remaining AIG Common Stock

Read the full story

The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company four years after it was rescued from the brink of bankruptcy.

In a statement on Monday, the Treasury said it launched an underwritten public offering for its remaining 234.2 million shares of common stock.

Read the full story

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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Weekly Reader Picks: Monday, December 10, 2012

Insurance Journal Weekly Reader Picks
December 10, 2012

Top 10 for the Past Week

1.NYC Marathon Organizers Likely to Get Millions From Event Insurance
Dec 5, 2012 -- The New York Road Runners -- a non-profit community running group and the organizer of the annual New York City Marathon -- could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. ...
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2.Small Business Owners Face Health Insurance Dilemma
Dec 6, 2012 -- Rose Wang looks at her staff of 70 employees and wonders if she'll have to lay off some of them to comply with the health care law. The owner of Binary Group Inc., an information technology firm based in Alexandria, ...
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3.What We Know About Superstorm Sandy a Month Later
Dec 4, 2012 -- Superstorm Sandy wreaked havoc on parts of the U.S. East Coast in late October after tearing through the Caribbean. In the weeks since, the storm's scope has come into sharper focus. Deaths Sandy killed at least 125 ...
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4.Munich Re Study Focuses on Rising 'Cyber Crime'
Nov 29, 2012 -- "Cyber attacks are a reality and companies need to prepare themselves," warns Munich Re in a recently released study - "Cost of Cyber Crime" - conducted by the Ponemon Institute. "Advancements in the IT sector are ...
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5.States With ‘No Pay, No Play’ Laws Lower Uninsured Motorists Rate
Dec 4, 2012 -- A state's percentage of uninsured motorists is affected by a no pay, no play law, albeit modestly. A new study from the Insurance Research Council (IRC) estimates that the uninsured motorist (UM) rate can fall by as ...
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6.More Workers Claiming Job Discrimination Over Language, Accents
Dec 4, 2012 -- More people in the workforce are claiming discrimination over their English-speaking ability or foreign accents, according to federal officials. Workplace discrimination complaints based on national origin — which ...
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7.Willis Boosts Construction Practice with 4 Ex-Aon Specialists, 2 Others
Dec 4, 2012 -- Willis North America has made a series of appointments in its construction practice to serve clients in the expanding default insurance marketplace. The following individuals comprise Willis' Default Insurance Group, ...
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8.Commercial Lines Rates Up 5% in November: MarketScout
Dec 6, 2012 -- The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout's Commercial Lines Market Barometer, by ...
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9.From Ashes of Penn. Estate Rises a Lawsuit for $20M Insurance Proceeds
Dec 4, 2012 -- The 53-page document reads more like a screenplay than a lawsuit. If Jerald Batoff's claim is true, that's how it may end up. More than seven months after his historic Main Line home, a 24,000-square-foot estate ...
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10.Obamacare Medical Loss Ratio Saved $1.5 Billion in 2011: Report
Dec 5, 2012 -- Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011, due to the Affordable Care Act's medical loss ratio provision requiring health insurers to spend at least 80 percent of premium ...
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San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.