Monday 12 September 2011

Weekly Reader Picks: Monday, September 12, 2011

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Insurance Journal Weekly Reader Picks
September 12, 2011

Top 10 for the Past Week

1.Hurricane Center Tracking 3 Atlantic Storms: Katia, Maria and Nate
Sep 8, 2011 -- It's a busy time of year for the National Hurricane Center in Miami. The NHC is currently following one hurricane - Katia, and two tropical storms - ...
2.Irene Raises Hurricane Deductible Questions in Hard-Hit Northeast States
Sep 7, 2011 -- New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners' insurance policies for Irene damages in their states. That's because Irene was downgraded and designated as a tropical storm, not a ...
3.Central Texas Fires Slowly Being Contained but Blazes Continue Across State
Sep 7, 2011 -- Three out of four of the main fires burning on the outskirts of Texas' capitol city, Austin, have been mostly contained, officials say, but the largest and most destructive blazes in Bastrop County are only about 30 percent under control. Two deaths ...
4.Connecticut Asks Insurers to Waive Storm Deductibles for Irene Damages
Sep 6, 2011 -- Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy said. Malloy said 244 homes had been ...
5.Hurricane Katia Now Expected to Miss East Coast
Sep 6, 2011 -- Hurricane Katia powered up to a major Category 4 storm Monday, but was expected to veer away from the U.S. East Coast later this week, avoiding a direct hit on a seaboard already battered by Hurricane Irene. The U.S. National Hurricane Center ...
6.California City Warned It May Lose Its Insurance Coverage
Sep 7, 2011 -- A Southern California city has been told that it could lose its insurance if city officials and staff don't start getting their act together soon. That was the warning from the California Joint Powers Insurance Authority, an insurance pool for ...
7.ACE to Acquire Penn Millers
Sep 8, 2011 -- Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in cash. The purchase price ...
8.Wildfires Burn Across Texas; Weekend Losses Expected to Top $100M
Sep 6, 2011 -- While Tropical Storm Lee drenched Southeast Louisiana with up to 15 inches of rain over the weekend, the low pressure system whipped up strong northwesterly winds across Texas that are blamed for the rapid spread of numerous wildfires burning tens ...
9.Mortgage Lawsuits Target Individuals As Well As Banks
Sep 8, 2011 -- By suing 131 individuals in its effort to recover losses on $200 billion of mortgage debt that went sour, the federal agency overseeing mortgage giants Fannie Mae and Freddie Mac is doing one thing that the U.S. government has largely left alone. It ...
10.Jury Awards Student $50K in Tennessee University Rape Case
Sep 6, 2011 -- A federal jury last Friday ruled for a former student at Sewanee: The University of The South but decided the college won't have to pay him millions of dollars sought in a lawsuit over a campus rape accusation. The jury decided to award the student ...

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