It Figures

$593 million
The aggregate, policyholder surplus in 2005 of 25 risk retention groups rated by A.M. Best, compared to $545 million the prior year. Total assets were $1.69 billion, an increase over the prior year’s $1.5 billion.

$50 billion
The yearly cost to American businesses and consumers of identity theft, according to the Federal Bureau of Investigation. The FBI says ID theft victimizes an estimated 10 million people in the U.S. a year.

125-150
The acres of land covered by a typical 18-hole golf course. The total landmass of golf courses in the U.S. equals about one-half the state of Connecticut, according to the Golf Course Superintendents Association of America.

$77 million
The amount of the settlement entered into by St. Paul Travelers Companies Inc. with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving investigations into producer compensation, insurance placement practices and finite reinsurance products. St. Paul Travelers will pay $37 million into a fund for certain excess casualty policyholders and $40 million in fines.

3¢
The number of cents on the dollar that small investors receive from class action securities litigation settlements with after institutional investors, lawyers, and accountants are paid, according to research from the Olin School of Business at Washington University in St. Louis. Since 1995, settlements from these cases have totaled about $25.4 billion.

5891
Number of the bill in the U.S. House of Representatives — H.R. 5891, the Catastrophic Disaster Risk and Insurance Commission Act — that would establish a bipartisan national commission to recommend a federal disaster response policy.

271
The 17-under-par score shot by 17 year-old Cameron Edens in defending his title as champion of the Trusted Choice Big “I” Junior Classic. Edens, of Phoenix, Ariz., said he was happy to take home the title a second year in a row — and hopes to make it a three-peat next year. The Classic, presented by The Tiger Woods Foundation, was held earlier this month at the Odessa Country Club in Odessa, Texas.

56,000
The estimated number of neighborhood electric vehicles in use. NEVs are a little faster than golf carts. They have been recognized by the National Highway Traffic Safety Administration as a form of transportation since 1998. More than 45 states allow them to be driven on roads with posted speed limits of 35 miles per hour or lower, according to the Electric Drive Transportation Association.

Topics USA