$72 Million Fine to be paid by General Re Corp., to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The case centered on a transaction that investigators say allowed AIG to improperly boost …
$3 Million The amount in underpaid benefits uncovered by an audit of Minnesota’s worker’s compensation system. The $3 million in underpaid claims represents less than 1 percent of overall benefits paid, but auditors recommended that the Department of Labor and …
$35 Million The latest estimate of damage in Georgia from last month’s tornadoes. Commissioner John Oxendine said more than 100 homes, a private school, Southwestern State Hospital and commercial agricultural buildings were hit.Oxendine says Thomas County by far had the …
$500 Million The financial toll from the January 2009 ice storm in north Arkansas is estimated at $500 million, with most of the cost for restoring electric utilities, the Associated Press reported. Three major utilities say they will spend around …
$6.8 Million Colorado’s Division of Insurance announced that Allstate Insurance Group decreased its rates for private passenger automobile policies in the state, providing a savings of $6.8 million to consumers through reduced premiums. Actuarial analysis submitted to the state DOI …
$210 Million Amount sought by a Baltimore man who alleges in a lawsuit that rogue police officers violated his civil rights in a public strip search. Thirty-five-year-old Navy veteran Daryl Martin is suing the city Police Department, former commissioner Leonard …
$105 The current per vehicle assessment charged by the Michigan Catastrophic Claims Association to help pay claims of seriously injured accident victims. Michigan is the only state to offer unlimited lifetime medical benefits for people seriously injured in auto accidents. …
6.4% The workers’ compensation rate increase approved by Florida Insurance Commissioner Kevin McCarty effective April 1. The increase reflects the impact from the Oct. 23 Florida Supreme Court opinion in the case of Emma Murray v. Mariner Health Inc. That …
17 In the wake of deadly tornadoes that swept through sections of Oklahoma on Feb. 10, Gov. Brad Henry declared a state of emergency for 17 Oklahoma counties. A tornado in the town of Lone Grove initially killed eight people …
5.4% The average decrease the Automobile Club of Southern California customers will receive for auto insurance policies beginning on April 1, 2009. The company announced it would be implementing a $101 million rate reduction for insurance policyholders in California. The …
