You can think of absolute value as distance from zero. So we need enough info to definitely determine whether a - b is further from zero than the sum a + b.
Statement one tells us that a and b have different signs (that's the only way that the product will be negative).
For the difference a - b, this means that the numbers end up 'working together' to get away from zero; if you take a positive number away from a negative number, you go further down, further away from zero (e.g. -10 - 2 = -12). If you take a negative number away from a positive number you go further up (e.g. 10 - - 2 = 12) Takeaway: The difference of numbers with opposite signs is always further from zero than either of the original numbers.
For the sum a + b, statement one means that the numbers end up 'working in opposite directions.' That is, when we add numbers of opposite signs, one cancels out part of the other's distance to zero. Think of 10 + - 2 and -2 + 10. In both cases we end up closer to zero than the furthest term was to begin with. Takeaway: the sum of two numbers with opposite signs will be closer to zero than the original number of greatest magnitude (the term that was furthest from zero to begin with).
So if we know two numbers have opposite signs, we know the difference of those numbers ends up further from zero than the sum. Sufficient.
statement 2 doesn't tell us anything about the signs, so we might be suspicious right from the start. And sure enough, if all we know is that a is to the right of b, then we might have a couple of positives, (such as a = 3, and b = 2) in which case the sum is further from zero than the difference. But we could also have a positive and a negative (such as a = 3, and b = - 2), in which case the difference is further from zero than the sum. Insufficient.