Monday 3 December 2012

Weekly Reader Picks: Monday, December 3, 2012

Insurance Journal Weekly Reader Picks
December 3, 2012

Top 10 for the Past Week

1.6 Things for Independent Agents to Worry About in 2013
Nov 19, 2012 -- The 100-plus year-old independent agency distribution system is expanding. According to Future One's "2012 Agency Universe Study," the number of independent agencies has recently increased to 38,500. Still, some voices ...
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2.Hobby Lobby Appeals Morning-After Pill Decision
Nov 27, 2012 -- Hobby Lobby Stores Inc. is asking a federal appeals court to block part of the federal health care law that requires the Christian family-owned arts and crafts company to provide insurance coverage for emergency ...
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3.Monsters Under the Bed: Insurance Coverage Gaps and Other Invisible Exclusions
Nov 19, 2012 -- Neither insurance policyholders nor courts look kindly upon exclusions from the broad coverage provided by insurance policies. Policyholders often balk at exclusions when preparing to pay their hard-earned dollars to ...
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4.Onex Corp. of Canada to Acquire USI for $2.3 Billion
Nov 26, 2012 -- Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group's GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal is ...
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5.Wind Deductibles and Sandy: What It Means for Total Insured Losses
Nov 28, 2012 -- On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last northeastern superstorm and fourteen months since Hurricane Irene — the wind speeds recorded by the ...
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6.Attorneys Discuss Importance of Event Cancellation Insurance
Nov 26, 2012 -- The cancellation of the 2012 New York City Marathon was disappointing to the approximately 47,000 runners who dedicated months to training for the race, many of whom had already spent a significant amount of time and ...
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7.Liability Insurance Shows Signs of Deteriorating Performance: Conning
Nov 29, 2012 -- The benign period for liability insurance results may have run its course. Current trends in loss frequency, tort filings, and reserve releases suggest that an inflection point may have been reached, according to a new ...
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8.New Land, but also Costs, as Nordic Nations Rise from the Sea
Nov 27, 2012 -- A Stone Age camp that used to be by the shore is now 200 km (125 miles) from the Baltic Sea. Sheep graze on what was the seabed in the 15th century, and Sweden's port of Lulea risks getting too shallow for ships. In ...
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9.High-Security Driver’s License Runs Into Opposition in States
Nov 27, 2012 -- It was a popular idea five years ago: make sure every state had high-security driver's licenses to thwart terrorism at airports. But the U.S. Department of Homeland Security's Real ID system faces opposition from states ...
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10.Citizens President Gilway Admits Mistake in Abolishing Office
Nov 29, 2012 -- Citizens Property Insurance Corp. President Barry Gilway said Tuesday he made a "dumb decision'' in how he went about abolishing the firm's Office of Corporate Integrity earlier this year.Gilway conceded it was a ...
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