It Figures

October 6, 2008

43

The number of truckloads of debris containing asbestos that got three men arrested for allegedly dumping in the protected wetlands area known as Florida’s Green Swamp. The debris came from a demolition site at Florida Southern College and was allegedly dropped between July 3 and July 23. Investigators say the men were trying to avoid the $10,500 in fees it would have cost to properly dispose of it.

200

The approximate number of airtight refuge chambers manufacturers delivered to West Virginia coal mines. State regulators became the first in the nation to mandate the chambers after 12 trapped men died after a January 2006 explosion at the Sago Mine. The chambers are designed to provide enough air, water and other necessities to keep trapped miners alive at least four days. The state’s mines need at least 310 chambers to meet requirements of having a shelter on each working section.

$13 Million

The estimated costs to repair the damage caused by hurricanes Gustav and Ike to Alabama’s Baldwin County beaches.

50%

The decline in net income after taxes in the first half of 2008 for the U.S. property/casualty industry’s. The results – including $15.9 billion in net income — were affected by deteriorating underwriting results and declining investments. The annualized after-tax return on equity fell to 9.5 percent for the 12 months ended June 30, 2008.

$22 million

The severance pay turned down by AIG’s former chief executive, Robert Willumstad, because he said he was unable to implement a restructuring plan in time to prevent the $85 billion government rescue of AIG.

22,000

The number of claims turned in to Kentucky Farm Bureau after the firm’s customers sustained about $40 million in damage from September windstorms, according to spokesman Greg Kosse. The Kentucky Office of Insurance says it’s too early to tell if the severe winds caused by the remnants of Hurricane Ike will result in insurance rate hikes.

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Insurance Journal Magazine October 6, 2008
October 6, 2008
Insurance Journal Magazine

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