Monday 5 November 2012

Weekly Reader Picks: Monday, November 5, 2012

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Insurance Journal Weekly Reader Picks
November 5, 2012

Top 10 for the Past Week

1.P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt
Oct 30, 2012 -- Ratings analysts at A.M. Best Co. said  that it is likely that the brunt of Hurricane Sandy's financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood ...
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2.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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3.No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland
Oct 31, 2012 -- Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken ...
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4.Manhattan Power Outages to Continue for Days: ConEd
Oct 31, 2012 -- Residents of lower Manhattan faced up to four days without power on Tuesday as Consolidated Edison, New York City's power provider, scrambled to repair the damage wrought by Hurricane Sandy. Almost every street below ...
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5.Health Insurers Nervous Over Prospect of Romney Victory
Oct 30, 2012 -- You'd think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney's improved election prospects, but instead they're in a quandary. Although the industry hates parts of President Barack Obama's ...
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6.N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy
Nov 1, 2012 -- New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy. New York joins other ...
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7.Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide
Oct 31, 2012 -- Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR's insured loss ...
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8.Scope of Hurricane Sandy Widens, Death Toll Rises
Nov 2, 2012 -- From New York City's Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over ...
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9.Oklahoma Prepares for Open Carrying of Firearms
Nov 1, 2012 -- With Oklahoma preparing for a much-debated new law that allows people to carry their previously concealed firearms out in the open, state officials say they've seen a big increase in the number of residents seeking a ...
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10.Florida Amendment 5 Would Shift Supreme Court Power
Oct 16, 2012 -- The Florida Legislature would gain greater authority over the state Supreme Court and the rules governing state courts if voters approve constitutional Amendment 5 in the Nov. 6 election. The proposal, pushed through ...
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