It Figures

September 22, 2008

$115 Million

Amount at which four former executives of American International Group Inc., including ex-CEO Maurice “Hank” Greenberg, agreed to settle a long-standing shareholder lawsuit. The lawsuit was brought in 2002 by the Teachers Retirement System of Louisiana, an AIG shareholder. It alleged, among other things, that certain executives and directors breached their fiduciary duties by directing business worth hundreds of millions of dollars in commissions to C.V. Starr, arguing the business should have gone directly to AIG. (Reuters)

10.9

Number of injuries per every 100 full-time employees working in public safety activities in Arizona, 10.3 of those were injuries to police. According to the state, such incidents are costing millions in insurance claims. Since 2002, injured firefighters and police officers have cost Tucson $14 million in insurance claims, and Pima County has paid out $6.2 million dollars in claims to injured deputies.

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Insurance Journal Magazine September 22, 2008
September 22, 2008
Insurance Journal Magazine

Agency Technology; High Risk Property/Catastrophe Risks; Digital Product Guide