21 The number of health insurers fined by the New York State Insurance Department with a total of $310,300 for violations of New York’s Prompt Pay Law, which requires health insurers and HMOs to pay undisputed health insurance claims within …
36% The share of private companies, many of them uninsured, which experienced an employee theft averaging nearly $350,000 within the past five years, according to new research by the Chubb Group of Insurance Companies. 23 The number of state legislatures …
$56 Million The amount returned to Texas insurance consumers over the past year as a result of actions by the Texas Department of Insurance’s Consumer Protec-tion Division, a record amount for the agency. The money came from premium refunds and …
$2.8 billion Amount the Center for Responsive Politics predicted would be the total cost of the 2006 congressional election, based on campaign finance reports. The nonpartisan group noted that the average cost of winning a 2006 House race was about …
$17.5 million The total in refunds that Maryland Insurance Commissioner R. Steven Orr ordered Allstate Insurance to send to 20,571 auto policyholders he says were improperly charged. This restitution is in addition to a $100,000 administrative penalty. Allstate had sent …
$100 million Chicago-based Aon Corp. announced that it has taken further steps to exit its property and casualty business by signing a letter of intent for the sale of its Construction Program Group (CPG). Aon also announced that it will …
$20 million The amount about 400 people should receive from monies held by Lexington, Ky., lawyers who sued American Home Products in 2001 on behalf of users of the fen-phen diet drug. Special Judge William Wehr ordered that funds be …
$1.1 Billion Amount received in recoveries on behalf of claimants of the failed Executive Life Insurance Co., and its subsequent fraudulent acquisition by a French consortium, according to the California State Auditor. $42.9 million The cut in premiums State Farm …
1,696 Insurance companies are the litigation champions, confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over hurricanes and terrorist attacks, according to a new survey …
6.6 Magnitude of earthquake that struck the island of Hawaii, Hawaii on Oct. 15. Although there were no major fatalities, insured loss due to the damage caused by the temblors, rain and landslides are estimated to be widespread, according to …
