Monday 12 November 2012

Weekly Reader Picks: Monday, November 12, 2012

Insurance Journal Weekly Reader Picks
November 12, 2012

Top 10 for the Past Week

1.Controversy Over Hurricane Deductibles May Just Be Beginning
Nov 2, 2012 -- When the National Hurricane Center declared Sandy a "post-tropical storm" just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money. The ...
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2.In the End, Obama Won on Economy: Analysis
Nov 7, 2012 -- In the end, President Barack Obama won re-election on the issue that was supposed to send him packing: the sluggish U.S. economy. The United States is still digging out from the deepest recession in 80 years, and ...
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3.Some Homeowners Unexpectedly Hit With ‘Windstorm Deductible’
Nov 7, 2012 -- In the immediate days after Superstorm Sandy, officials in the Northeastern states declared that hurricane deductibles would not apply to Sandy claims. Officials from northeastern states including New York, New Jersey ...
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4.Election Gamble Backfires for Financial, Energy Firms: Commentary
Nov 7, 2012 -- "Elections have consequences, and Eric, I won," President Barack Obama famously told House Republican Whip Eric Cantor shortly after his first inauguration in January 2009. Four years later, Wall Street as well as the ...
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5.Displaced Rats Among 5 Dangers for Superstorm Sandy Cleanup Workers
Nov 6, 2012 -- Hurricane Sandy has affected millions of people and businesses and will result in billions of dollars in damage. According to insurance broker Lockton, workers and their companies helping with cleanup efforts need to be ...
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6.Sandy Could Force 250,000 Cars to Scrap Heap
Nov 8, 2012 -- Superstorm Sandy may consign as many as a quarter of a million new and used cars and trucks to the scrap heap, a loss that could eventually lead to a spike in new auto sales, automakers and dealers said. So far, ...
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7.Sandy Exposed Hospitals’ Lack of Disaster Preparedness
Nov 6, 2012 -- Kim Bondy was in New Orleans seven years ago when Hurricane Katrina devastated the city, and scores of patients died in flooded hospitals cut off from power. She never thought that she might face that danger herself. ...
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8.Calif. Prop. 33 Defeated
Nov 7, 2012 -- Update: Californians Lump Props. 32 and 33; a Referendum on the 'B' Word   The second automobile insurance persistency initiative put to Californians in the last two years was defeated. California's ...
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9.Sandy Claims Figure Update From State Farm, Nationwide
Nov 6, 2012 -- Sandy-related claims are coming in at a fast pace, major insurers say. State Farm Insurance said it received approximately 90,000 Sandy-related claims (76,100 property claims and 13,900 auto claims) as of end of day ...
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10.Philadelphia Insurance Companies Names New CEO
Nov 9, 2012 -- Bala Cynwyd, Penn.-based Philadelphia Insurance Companies said Chairman and Chief Executive Officer Jamie Maguire will be stepping aside as CEO at the end of this year. He will remain as chairman of the board. Sean ...
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