Monday 3 October 2011

Weekly Reader Picks: Monday, October 3, 2011

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Insurance Journal Weekly Reader Picks
October 3, 2011

Top 10 for the Past Week

1.Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond
Sep 29, 2011 -- Nationwide Mutual Insurance Co. and  Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide Mutual will acquire Harleysville Group for $760 million. Nationwide Mutual will pay $60 a share in cash for ...
2.Nationwide Mutual Reportedly in Talks to Buy Harleysville
Sep 26, 2011 -- Nationwide Mutual Insurance Co. is in talks to buy Harleysville Group Inc., Bloomberg reported last Friday, citing people familiar with the matter. No information was provided with respect to timing, structure or price. The talks are ongoing and the ...
3.Independent Agents Worried About Nationwide/Harleysville Deal
Sep 28, 2011 -- Northeastern independent agents with Harleysville appointments said they are leery about the reported Nationwide/Harleysville deal and have lots of questions. According to a report by Bloomberg last Friday, giant Nationwide Mutual Insurance is in ...
4.Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth
Sep 30, 2011 -- The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two insurers. Harleysville is a "perfect match" for ...
5.Facebook Policies Tricky for Employers, Employees
Sep 28, 2011 -- In the age of instant tweets and impulsive Facebook posts, some companies are still trying to figure out how they can limit what their employees say about work online without running afoul of the law. Confusion about what workers can or can't post ...
6.One Frustrated Florida County Tackles Auto Insurance Fraud On Its Own
Sep 27, 2011 -- One county in Florida has decided not to wait on state lawmakers' promise to address the insurance fraud and fix the state's automobile no-fault law. It has passed its own ordinance to crack down on fraudulent medical clinics. The Hillsborough ...
7.Mortgages At Risk If Flood Insurance Program Expires
Sep 26, 2011 -- The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet again. Industry executives say that if ...
8.Feds Sue Texas Firm for Firing 600-Pound Employee
Sep 29, 2011 -- The federal government has filed suit against BAE Systems alleging the company has violated disability laws by firing a morbidly obese employee at its Houston-area plant. The Equal Employment Opportunity Commission's lawsuit says the Virginia-based ...
9.Republican Ryan Proposes Individual Health Insurance Tax Credit
Sep 28, 2011 -- Republican Rep. Paul Ryan, an outspoken opponent of President Barack Obama's healthcare reform, proposed a plan Tuesday that could effectively dismantle the way most Americans get health insurance by reducing incentives to join employer-sponsored ...
10.Louisiana Agent Arrested for Alleged Insurance Fraud
Sep 27, 2011 -- A Metairie, La., insurance agent has been arrested for insurance fraud, state officials say. The Louisiana State Police Insurance Fraud/Auto Theft Unit arrested Angela Bodenheimer, 49, on one count of insurance fraud, the Louisiana Department of ...

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