Figures

August 21, 2006

$22 million

The market value of the 17-acre suburban Chicago home of jailed insurance executive Michael Segal, who was convicted of looting the trust fund of his company, Near North Insurance Brokerage. The court requires the sale of his home and the property. Segal, 63, was sentenced last year to 10 years in prison and was ordered to forfeit $30 million. (AP)

$300,000

The amount prosecutors say was stolen from investors by a former Indiana insurance agent. Felony charges of theft brought against Larry E. Walkup of Columbia City, Ind., allege he cheated two residents of the United Methodist Memorial Home in Warren out of more than $25,000 they had paid for annuities. Walkup has pleaded not guilty. (AP)

28

The age of an Elk River, Minn., man who was being held at the Sherburne County Jail for allegedly driving without insurance when he was beaten to death by another prisoner. The family of Carl Edward Moyle said he was driving his brother’s truck to work when he was arrested, and that the proof of insurance was at home in a drawer and not in the car. (AP)

59%

The percentage of Republican primary votes won by Kansas Insurance Commissioner Sandy Praeger when she defeated Rep. Eric Carter of Overland Park. No insurance commissioner has lost a primary contest in Kansas. (AP)

2 million

The drop in the number of uninsured children nationwide compared to seven years ago, according to data from the U.S. Census Bureau and U.S. Centers for Disease Control and Prevention.

$70 million

The amount of a multi-state and federal settlement joined in by the Ohio Department of Insurance with Texas-domiciled American-Amicable Life Insurance Co. and its affiliates regarding the alleged improper sale of insurance and investment products to United States military personnel and civilians. Approximately 1,219 Ohioans will receive cash refunds and modifications to their existing active policies or will receive increased cash surrender benefits, according to the Department of Insurance.

Topics USA

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine August 21, 2006
August 21, 2006
Insurance Journal Magazine

Sold on Golf