22 The number of Mississippi lawsuits stemming from Hurricane Katrina damage settled by State Farm Fire and Casualty Co. The question was whether State Farm officials denied claims in areas hit by the storm surge without thorough investigations. State Farm …
$6 Million Amount of settlement reached between the family of a Massachusetts woman killed in a 2006 tunnel collapse inside Boston’s Big Dig, and Powers Fasteners Inc., the Brewster, N.Y., epoxy maker blamed for supplying the faulty glue used to …
32 Despite a decline in fatal accidents, federal statistics show 2007 was the second deadliest year since 2002 for U.S. coal miners. According to the Mine Safety and Health Administration, 32 miners died on the job last year, including eight …
$72 Million The value of assets seized from Martin Frankel, a former financier convicted of stealing from insurance companies. Outgoing Mississippi Insurance Commissioner George Dale said the assets were seized by the FBI and the Internal Revenue Service as a …
$3.1 Million A South Carolina company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners. The pet food, which contained a mold called aflatoxin, was produced at Diamond …
$3.1 Million Amount Diamond Pet Foods will pay in a settlement over contaminated pet food that killed dozens of dogs nationwide, according to the Associated Press. The contaminated food was sold in 23 states. The settlement states that owners of …
$247 Billion U.S. tort costs totaled $247 billion in 2006, which is $57 less per person than in 2005 at approximately $825 per person, according to an update on U.S. Tort Cost Trends from the Tillinghast insurance consulting practice of …
$3.2 Billion Amount lost in the United States due to phishing attacks, according to a recent survey conducted by Gartner Inc., an information technology research and advisory company. The survey found that 3.6 million adults lost money in phishing attacks …
$69 Million The Medical Mutual Liability Insurance Society dividend that Maryland Insurance Commissioner Ralph S. Tyler has ruled it must pay to the state, not to policyholders. The dividend, reported by the insurer in September, is due to the state …
$1.4 Million The Interstate Insurance Product Regulation Commission recently adopted a $1.4 million 2008 budget by a vote of its full membership during a public teleconference. Following a comprehensive comment period, including a public hearing before its Management Committee last …
