It Figures

225

The weight of a 61-year-old Bloomfield Hills, Mich., man who is suing his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. The employer says Patrick J. Ronayne was let go because of his performance, not his weight. Ronayne’s lawsuit seeks more than $25,000 from Winston Golf and Winston Manufacturing.

$8.4 Million

The compensation paid to Glenn Renwick, chief executive of Ohio-based auto insurer Progressive Corp. in 2008, which is less than the year before mainly because he declined to accept a performance-related bonus. Investment losses led to the company’s first annual loss in 26 years in 2008.

$600,000

The fines and restitution that an Indiana judge ordered financier Marcus Schrenker to pay for violating state insurance rules. Investors have lost hundreds of thousands of dollars through annuities handled by Schrenker, who faked his death in a plane crash over Alabama to flee his problems. He also faces an insurer’s lawsuit in Indiana seeking $1.4 million in commissions and an Alabama judge’s order to pay $12 million over the sale of a plane.

300

The number of flood-damaged homes the Federal Emergency Management Agency has given Cedar Rapids, Iowa, approval to demolish. The agreement with FEMA specifies that homes that are demolished still qualify for buyouts at their values before last June’s flooding. Cedar Rapids officials estimate the city could eventually buy and demolish more than 1,300 homes.

$50 Million

The amount a Cedar Rapids corn milling company has said it has filed in claims while its insurers have paid only $20 million. Penford Products Co. is one of many Iowa businesses that suffered losses after massive flooding in eastern Iowa last June. The company is suing National Union Fire, a unit of AIG, and ACE American Insurance, accusing them of acting in bad faith for refusing to pay the full amount in flood insurance claims. The insurers are disputing some of the claims.

Topics Flood Iowa