23
The age of the person, Aylin Hernandez of Miami, charged with stealing payments intended for Citizens Property Insurance Corp. If convicted, Hernandez faces up to 45 years behind bars. Investigators allege that Hernandez created her own corporation named Citizens Property Insurance Inc. and opened an account under that name at Check Cashing USA. Using information she obtained while working as a clerk in insurance agencies, Hernandez sent invoices to various law offices and title companies. The victims, believing their payments were going to the legitimate state-backed insurer Citizens, sent eight checks totaling over $12,000, which officials say Hernandez cashed.
3.1%
The projected salary increase for 2011 budgeted by insurers, according to a survey by the Property Casualty Insurers Association of America. The increase is slightly higher than the 2.8 percent increase reported in 2010.
$150 Million
The amount sought by Nashville’s Opry Mills mall, closed since early May because of flooding, in its lawsuit against 17 insurers. The mall, on the site of the old Opryland USA theme park, said that it will be unable to restore the property without the money. The suit claims the mall was covered for $200 million in flood insurance, but the companies have offered only $50 million. The suit estimates mall damage at more than $200 million.
$5,842
The amount that state officials allege Timothy Michael Moore, of Fayetteville, N.C., embezzled from insurers in 2008 and 2009 while he was a licensed agent and owner of TM Moore Insurance Agency. He is accused of defrauding Dairyland Auto Insurance Co., Discovery Insurance Co., GMAC Insurance and N.C. Grange Mutual Insurance Co. by pocketing premiums for his personal use.
$1.75 Million
The reported settlement amount in a lawsuit over the death of a 15-year-old football player in Louisville, Kentucky. Insurers for the Jefferson County Public Schools agreed to pay the sum to the parents of Max Gilpin, who collapsed at Pleasure Ridge Park High School in August 2008 and died three days later. His parents sued head coach Jason Stinson and five of his assistants after their son’s death. The agreement contained no acknowledgment of liability by the defendants.
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