Figures

October 23, 2006

6.6

Magnitude of earthquake that struck the island of Hawaii, Hawaii on Oct. 15. Although there were no major fatalities, insured loss due to the damage caused by the temblors, rain and landslides are estimated to be widespread, according to the Insurance Information Institute.

26%

Percent of identity theft information that is misused for credit card fraud, according to the Federal Trade Commission Consumer Sentinel database. Arizona ranks as the state with the highest number of victims per 100,000 people, with 9,320 victims of ID fraud in 2005.

2

Number of lawsuits filed related to illness from E. coli contamination in fresh, bagged spinach in September. The Centers for Disease Control and Prevention said 199 cases of illness across 26 states have been reported, 102 of which resulted in hospitalization, 31 that resulted in a type of kidney failure called Hemolytic Uremic Syndrome, and three that resulted in death.

$91,500

Annual salary of the newly appointed New Mexico Insurance Superintendent, Morris Chavez. Chavez replaces former superintendent Eric Serna, who retired in May following a suspension ordered by the Public Regulation Commission over conflict-of-interest issues.

4 percent

Percentage physician fees have been reduced because of workers’ compensation reforms in California, according to the state Workers’ Compensation Insurance Rating Bureau. Physical therapy use has been reduced by about 61 percent, and chiropractic use has been reduced by about 77 percent because of the reforms, the report noted.

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Insurance Journal Magazine October 23, 2006
October 23, 2006
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