It Figures

December 20, 2009

0

The number of Atlantic hurricanes that came ashore the U.S. this past storm season, a season that turned out to be the quietest since 2006. Since June, just nine named storms developed. Only three of them became hurricanes, and those stayed out at sea or weakened before passing over land. Two tropical storms made landfall in the U.S., bringing mostly rain and some beach erosion.

4%

The workers’ compensation insurance rate hike in California in 2010, according to the Department of Insurance. The rate announcement came a month after the Workers’ Compensation Insurance Bureau had asked for but was denied a 23 percent increase.

$8,000

Amount of damage to Tiger Woods’ Cadillac SUV incurred in his recent, widely-reported accident. The property damage estimate was $3,200.

$405 Million

The amount sought in a lawsuit against insurance administrator CRM Holdings brought by New York’s workers compensation board. CRM also faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the management of its self-insurance trusts in the state. Officials maintain that the company intentionally undervalued the liabilities and underpriced the premiums for employers to win their business. The Bermuda-based company has denied any wrongdoing.

245

The number of natural disasters in the world this year, the fewest number in a decade, according to a United Nations report. Of the 245 disasters, 224 were weather-related and accounted for 7,000 deaths out of the 8,900. The weather-related deaths, which exclude geological events such as earthquakes and volcanoes, caused $15 billion in damages, out of a total of $19 billion.

626

The number of Securities and Exchange Commission settlements with defendants reported for the fiscal year 2009, That compared to 673 in FY 2008, according to the global consulting firm, NERA Economic Consulting, in its fiscal year-end SEC Settlements Trends report

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