It Figures

$225

Texas Attorney General Greg Abbott has charged a Houston company with selling fake driver’s licenses to immigrants. The fraudulent licenses were marketed as “International Driver’s Licenses” and sold for $225 each. Harris County District Judge Grant Dorfman granted the AG’s request for a temporary restraining order, prohibiting the defendants, Centro de Identificaciones, and its owners, Guillermo R. Robles and Hernan C. Trujillo, from continuing to illegally manufacture and market the false licenses. The defendants were charged with multiple violations of the Texas Deceptive Trade Practices Act. Advertising that targeted the Hispanic community indicated that the defendants’ “licenses” were authentic and would enable purchasers to purchase, insure and drive vehicles legally, according to the AG’s office.

1 in 4

About one of every four vehicles on Oklahoma roads is uninsured despite efforts by lawmakers to target motorists who drive without insurance, state officials say. The state’s rate of uninsured motorists has remained steady in recent years, said Lonnie Jarman, driver compliance director at the state Department of Public Safety. The Insurance Research Council, an industry group, estimates that 14.8 percent of Oklahoma motorists are uninsured, the 18th-worst rate in the nation. But law enforcement, insurance and state officials think the actual rate may be twice as high. Dan Ramsey, president of the Independent Insurance Agents of Oklahoma, estimated that between 23 percent and 30 percent of state motorists are uninsured. A new Web-based method of instantly identifying uninsured vehicles is scheduled to launch in Oklahoma on July 1.

400

Zurich North America Commercial (NAC) is eliminating 400 positions or four percent of the staff that support its business division, primarily in non-market-facing roles. Mike Foley, CEO of NAC, said the positions eliminated “were primarily non-market-facing roles to ensure our actions will not disrupt customer service.”

$13.93 Million

American International Group Chief Executive Martin Sullivan’s 2007 pay, $13.93 million, was about 48 percent less than that of 2006, Reuters reported. Sullivan is entering his third year as AIG chief. He earned $26.7 million in 2006. Earnings were calculated based on salary, bonus, other compensation, non-equity incentive compensation and the grant date fair value of stock and option awards, as disclosed in a filing with the U.S. Securities and Exchange Commission. AIG’s net income for the year fell about 56 percent to $6.2 billion from $14.05 billion in 2006.

Topics Oklahoma