30%
Amount average directors and officers coverage premiums have declined since the fourth quarter of 2003, according to a report by Advisen Ltd., which tracks pricing data.
1.8%
Amount of increase the Insurance Information Institute predicts net written premiums will go up in 2007. That increase in premium growth would be the third slowest rate of growth for property/casualty insurers since 1998, I.I.I. analysts said.
$10.3 million
Amount a Los Angeles jury awarded to the family of a 6-year-old girl who was struck by a van and killed two years ago in an elementary school parking lot, determining the school district was largely responsible for the crash. The family of Jordan Sandels filed the wrongful-death lawsuit against the Los Angeles Unified School District, alleging the parking lot at Lanai Road Elementary School was not designed according to state-approved blueprints. School district attorney Kevin Reed said the judgment is “among the largest we’ve ever suffered.”
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