Monday 7 November 2011

Weekly Reader Picks: Monday, November 7, 2011

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Insurance Journal Weekly Reader Picks
November 7, 2011

Top 10 for the Past Week

1.Company Health Plans Raising Costs for Smokers, Obese
Oct 31, 2011 -- Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings. It also gave workers a mandate: quit smoking, curb obesity, or you'll ...
2.S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings
Nov 3, 2011 -- Standard & Poor's Ratings Services has revised its outlook on Allstate Corp., Allstate Insurance Co. (AIC), and its core property-liability insurance companies (collectively, Allstate Protection), as well as the life insurance companies, deemed ...
3.Marsh & McLennan Agency Acquires Gallagher & Associates
Nov 3, 2011 -- Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public school districts. Gallagher ...
4.Study: Rating Errors Cause $15B Decrease in Revenue for Auto Insurers
Nov 2, 2011 -- Auto insurance companies are missing out on more than $15 billion of revenue because of policyholder misinformation, according to a new study of premium rating errors. Quality Planning, a member of the Verisk Insurance Solutions group at Verisk ...
5.AIG Says Commercial Line Rate Hike Is Accelerating
Nov 4, 2011 -- American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. "In U.S. commercials lines, we are seeing a ...
6.Farmers Insurance: Nov.1 Will Dramatically Impact Oklahoma Drivers
Oct 31, 2011 -- Farmers Insurance is advising Oklahoma residents that a new law, which goes into effect on Nov. 1, will have a significant effect on all drivers, especially those who drive without proper automobile insurance. The new measure, Senate Bill 272, which ...
7.Early Northeast Snowstorm Deals Insurers Another Blow
Nov 1, 2011 -- The U.S. insurance industry, already bruised by one of the most devastating weather years in history, appears to have suffered another blow from Saturday's unprecedented northeastern snowstorm. Early data from some of the country's largest insurers ...
8.Most of $19.9 Billion Madoff vs JPMorgan Case Tossed
Nov 2, 2011 -- A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud. The decision by U.S. District Court ...
9.Why Real Estate Professionals Need E&O Coverage
Oct 31, 2011 -- As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage their costs, make cuts where possible, keep up-to-date on industry trends, fight for the best terms for ...
10.Maine Ski Area Not Responsible for Man’s Injuries
Nov 3, 2011 -- A jury has ruled that a Maine ski resort was not responsible for injuries suffered by a Bethel man who fell off a chairlift on a windy day. The Oxford County Superior Court jury ruled on Monday, Oct. 31, that injuries suffered at Sunday River in ...

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