Monday, January 28, 2008

Weekly Reader Picks: Monday, January 28, 2008


Monday, January 28, 2008

Find out what the industry is reading! Insurance Journal's Weekly Reader Picks Newsletter features the most read articles on Insurance Journal Online for the past week.



1.Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List
Jan 22, 2008 -- A glass-eating gypsy, a teacher who faked terminal cancer, and an insurance agent who killed homeless clients are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud Hall of Shame by the Coalition Against Insurance ...
2.Willis/Marsh? A Firm 'No Comment,' But Rumors Persist
Jan 22, 2008 -- The rumors, and at this point that's all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC. Is there any truth in it? "No comment," said Jason Groves, head of media at Marsh's ...
3.Insurers Must Focus on Opportunities, Avoid Price Wars to Stay Profitable
Jan 23, 2008 -- Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to industry analysts. "With pricing becoming increasingly softer, leadership is going to become all the more ...
4.House Passes Flood Insurance Reform Legislation
Jan 24, 2008 -- The House of Representatives passed H.R. 3959, sponsored by Financial Services Committee Chairman, Barney Frank (D-Mass.), and Rep. Scott Garrett (R-N.J.), legislation that would gradually phase-out some of the subsidies in the National Flood Insurance Program ...
5.Supreme Court to Rule Whether Disability Insurer in Conflict of Interest
Jan 22, 2008 -- The Supreme Court last Friday said it would rule on an appeal by MetLife Inc. in a case that could make employee benefit plans more expensive. The dispute centers on whether insurance companies such as MetLife have a conflict of interest when they both ...
6.3-Day Dragnet in Fla. Nets 47 Insurance Fraud Arrests
Jan 24, 2008 -- Officials arrested 47 Floridians so far in a statewide, three-day operation that began Tuesday and will continue through today, targeting 84 individuals for various insurance fraud charges, according to Florida Chief Financial Officer Alex Sink. The arrests, which ...
7.Fla. Insurance Regulator Files to Reinstate Allstate Suspension
Jan 24, 2008 -- The Florida Office of Insurance Regulation filed its response with the First District Court of Appeal seeking to have a suspension of the Allstate Companies' certificates of authority reinstated. The 12-page response to a Jan. 18 order staying the suspension argued, ...
8.$458M Big Dig Settlement Reached; Criminal Charges Dropped
Jan 23, 2008 -- The main management consultant and contractor on Boston's $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the partial ceiling collapse and other defects in the ...
9.New York Insurance Ad Rules Make for Longer Phone Books
Jan 24, 2008 -- New York agents looking to spruce up their advertisements better pay attention to the list of insurers they represent. And their insurers' addresses. That's because any agent or broker that lists in advertising the companies it represents must also include those ...
10.Berkshire Hathaway Buys 3% Stake in Swiss Re; Reinsurance Pact Signed
Jan 23, 2008 -- Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re's property/casualty business. Swiss re said ...

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Most E-mailed
> Willis/Marsh? A Firm 'No Comment,' But Rumors Persist -- Jan 22, 2008
> Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List -- Jan 22, 2008
> Insurers Must Focus on Opportunities, Avoid Price Wars to Stay Profitable -- Jan 23, 2008
> Workers Comp Insurer Guard Begins Rollout of Businessowners Policy -- Jan 23, 2008
> Markel American to Sell Collector Car Coverage -- Jan 23, 2008
Most Printed
> Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List -- Jan 22, 2008
> Insurers Must Focus on Opportunities, Avoid Price Wars to Stay Profitable -- Jan 23, 2008
> Willis/Marsh? A Firm 'No Comment,' But Rumors Persist -- Jan 22, 2008
> Supreme Court to Rule Whether Disability Insurer in Conflict of Interest -- Jan 22, 2008
> California AG Approves Uninsured Motorist Ballot Initiative -- Jan 22, 2008
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