$1 Million The amount a federal judge has ordered jailed Alabama outdoorsman Edmond H. “Eddie” Smith IV to pay to an insurance firm that accused him of filing a bogus post-Hurricane Katrina damage claim for a riverfront mansion near Mobile. …
$10,000 The amount a Buna, Texas, man earned as a contractor in Iraq while at the same time collecting workers’ compensation benefits from Texas Mutual Insurance Company as a result of a job-related injury. Buna was found guilty of workers’ …
17.75% The voluntary market rate cut in workers’ compensation ordered by Delaware Insurance Commissioner Matt Denn who also ordered a 22 percent cut for the state’s assigned risk pool. He said these are the largest premium cuts since 1994. With …
$1 Million The amount a federal judge has ordered jailed Alabama outdoorsman Edmond H. “Eddie” Smith IV to pay to an insurance firm that accused him of filing a bogus post-Hurricane Katrina damage claim for a riverfront mansion near Mobile. …
2% Texas has used only 2 percent of more than $500 million in federal aid for homeowners and communities hit by Hurricane Rita more than two years ago, a state audit found. State Auditor John Keel found that more than …
$5 million The amount by which a federal judge in Connecticut has cut the $12 million jury award that found General Electric discriminated against and illegally fired a chief engineer. Fifty-three-year-old Hemant Mody of Avon, Conn., who died in April, …
$15.3 million Mich.-based North Pointe Holdings Corp. signed an agreement for the sale of its Home Pointe Insurance Co. subsidiary, which comprises North Pointe’s Florida homeowners and dwelling fire operations, to American Capital Assurance Corp., a subsidiary of Safe Harbour …
14 The number of South Carolina homeowners receiving grants of up to $5,000 each to help strengthen their homes against the high winds associated with hurricanes and other natural disasters. The S.C. Safe Home Grant Program was established in June …
444 Oklahoma had 444 fewer accidents, and nine fewer fatal wrecks, involving teenaged drivers in 2006 than it did in 2005, according to State Sen. Debbe Leftwich, D-Oklahoma City. Leftwitch attributed the reduction in accidents to the state’s graduated drivers …
$1.5 Billion Average estimated total of insured losses that will result from the Southern California wildfires that burned in October. Most industry analysts agree that the losses will be above $1 billion. Yet with homeowners and claims personnel just recently …
