Monday 21 May 2012

Weekly Reader Picks: Monday, May 21, 2012

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Insurance Journal Weekly Reader Picks
May 21, 2012

Top 10 for the Past Week

1.The Dewey Chronicles: Rise and Fall of a Legal Titan
May 14, 2012 -- It was a tale of doom foretold in a pie chart. On Jan. 27, Dewey & LeBoeuf's partners were summoned to a meeting on the 22nd floor of the law firm's New York City headquarters to discuss the firm's finances. While ...
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2.How Young Insurance Agents Are Changing the Industry
May 17, 2012 -- There's a change happening — a big change. And some say young independent insurance agents are the catalyst for that change. They may even be leading a revolution, of sorts, says one young agent leader. Jason D. ...
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3.Law Firm Dewey & LeBoeuf Fires 450 People; Laid-Off Worker Files Suit
May 11, 2012 -- Dewey & LeBoeuf has terminated about 450 people at its New York office effective today, May 11, according to a lawsuit filed by an employee who complained the law firm failed to give her adequate notice. The employees ...
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4.Home Insurance Rates Rose 19% Nationwide in 2011: Report
May 16, 2012 -- Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance provider. Homeinsurance.com said the typical premium for a new policy in December 2011 was $810 ...
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5.AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges
May 15, 2012 -- Former American International Group Inc. Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance ...
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6.Report: Workers’ Compensation Premium Grows But Market Results Still ‘Conflicted’
May 14, 2012 -- Workers' compensation premium grew by 7.4 percent in 2011, a positive sign for the state of the line. However, the combined ratio for the workers' comp line remains at an unsustainable level, according to a new report. ...
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7.Healthcare Costs for Insured American Family Top $20K in 2012: Milliman
May 15, 2012 -- The average cost of healthcare for a typical American family of four in an employer- sponsored health plan in 2012 is $20,728. That is a 6.9 percent increase over the 2011 total but the lowest rate of increase in the 10 ...
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8.For Law Firm Dewey & LeBoeuf, the Time May Have Come for Last Rites
May 17, 2012 -- For Dewey & LeBoeuf, the time may have come for last rites. It has laid off hundreds of employees, been hit with lawsuits for not paying its bills and continued to shed partners, including on Wednesday the last member ...
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9.Jury Awards $24M to Woman Hit by Driver in Texas on Phone
May 7, 2012 -- A Corpus Christi jury awarded $24 million to a woman who was hit by a Coca-Cola truck driver who was chatting on her cellphone. The jury decided to give 37-year-old Vanice Chatman-Wilson $10 million in punitive damages ...
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10.Naked Unicyclist in Texas Charged with Distracting Drivers
May 16, 2012 -- Police say a man arrested in a Southeast Texas city for riding his unicycle in the nude was distracting drivers and creating a hazard. Kemah police Chief Greg Rikard says 45-year-old Joseph Glynn Farley was not ...
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