It Figures

September 7, 2009

40

The number of hours of training in a single 24-hour day claimed by some Denver firefighters in false reports to Insurance Services Office, which rates fire protection based on training and other factors. The Denver Fire Department has acknowledged submitting incorrect training records to ISO but says the errors weren’t deliberate. Other records showed 85 firefighters in the same training on the same date. But the state Division of Fire Safety said that’s virtually impossible since the firefighters are at different stations on different shifts.

$188 Million

The total consumer savings due to rate changes, penalties and fines that the Colorado Division of Insurance tallied for the fiscal year ending in June 2009.

$60 Million

The price tag for fighting California wildfires during just a few weeks in August, with the fire season’s peak months still looming ahead. But in a state recently forced to make deep budget cuts, funding to fight wildfires survived. The state even set up an emergency reserve.

22.8%

The increase in rates requested by California workers’ compensation insurers effective Jan. 1, 2010. The filing has yet to be reviewed by the state.

77

Of the 4.3 million Arizonans with active driver’s licenses, the number who are 100 and older. The oldest is a 105-year-old Phoenix resident. Thirty-nine are men, 38 women.

9.3%

The average workers’ compensation rate decrease under review in Colorado. Colorado’s insurance department will hold a public hearing on Sept. 17 to discuss the loss cost filing submitted by the National Council on Compensation Insurance.

$1 Billion

The amount by which American International Group Inc. was accused of fraudulently shortchanging state workers’ compensation pools. However AIG has won dismissal of the lawsuit. Judge Robert Gettleman of the U.S. District Court in Chicago said the National Council on Compensation Insurance Inc. lacked standing to sue New York-based AIG on behalf of several hundred insurers. The individual insurers could still pursue AIG through a separate class action.

From This Issue

Insurance Journal West September 7, 2009
September 7, 2009
Insurance Journal West Magazine

State/Regional E&S Report; Cyberisk/Identity Theft; Top Workers’ Comp Insurers

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