It Figures

September 6, 2010

$99 Billion

Annual cost of medical claims and lost productivity attributed to automobile accidents in the United States, according to the Centers for Disease Control and Prevention. That does not include the cost of property or vehicle damage. The costs equate to $500 each year for every licensed driver in the country.

$7.5 Million

Proceeds of a decade-long pyramid scheme run by two insurance execs at the Scranton, Pennsylvania-based Murray Insurance Agency and their spouses, prosecutors allege. The scheme targeted local colleges, businesses and other organizations in and around the Scranton area, including University of Scranton, Marywood University, Loyola College of Maryland, St. Joseph’s University and other educational institutions.

$750,000

Estimated damage caused by a massive warehouse blaze in Boston last month. The fire took 170 firefighters approximately 24 hours to put out. Investigators said fireworks set off from a nearby rooftop landed on the building and sparked the fire.

6

Minimum number of Major League Baseball teams that have cried foul over media disclosure of their financial information. Investigators for the league are focusing on documents that may have been leaked by insurance companies that provided liability coverage to front offices and executives.

5

Maximum number of days before a Connecticut agent or insurer can wait before notifying state insurance regulators about a possible data breach. The new rule comes on the heels of several high-profile leaks – by several large health insurers and numerous state agencies – of clients’ personal information.

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Insurance Journal Magazine September 6, 2010
September 6, 2010
Insurance Journal Magazine

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