It Figures

April 23, 2007

$43.5 billion
Total insurance revenues of the nation’s bank holding companies in 2006, a slight drop from 2005, according to Michael White Associates and the American Bankers Insurance Association.

58%
The increase in auto insurance policies purchased online in 2006 compared to 2005, according to comScore Inc. In its “2007 comScore Online Automobile Insurance Report,” comScore also noted that the total number of auto insurance quotes submitted online increased 15 percent. According to the company, price-conscious consumers consider the Internet critical to their research. They submitted more than 70 million auto insurance online rate quotes from 2004 to 2006. The report can be found at www.comscore.com/auto_insurance_report.

$22.5 million
The total compensation package in 2006 for Martin J. Sullivan, who has been running insurance giant American International Group Inc. since the ouster of long-time chief executive Maurice Greenberg, according to The Associated Press. It included a salary of $1 million.

$23.2 million
Louisiana Workers’ Compen-sation Corporation (LWCC) will pay a $23.2 million dividend to qualifying policyholders in late April, according to the company. LWCC’s board of directors declared the dividend for the calendar year 2006, and the Louisiana Department of Insurance approved it on April 4, 2007. This is believed to be the largest single dividend ever paid in Louisiana by a workers’ compensation insurer. LWCC returned $19.6 million to policyholders last year.

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Insurance Journal Magazine April 23, 2007
April 23, 2007
Insurance Journal Magazine

Salute to Independent Agents; Habitational Properties/Dwellings/Rentals/Seasonal; 1st Qtr Market Survey