Figures

November 4, 2007

$5 million

The amount by which a federal judge in Connecticut has cut the $12 million jury award that found General Electric discriminated against and illegally fired a chief engineer. Fifty-three-year-old Hemant Mody of Avon, Conn., who died in April, worked in General Electric’s Plainville facility. Senior U.S. District Judge Warren W. Eginton cut the punitive damage award, but said the company still should pay a substantial amount of money.

94 million

The number of accounts that a group of banks alleged in a court filing were affected by the theft of personal data from Massachusetts-based TJX Cos. — more than double the number the company previously reported in what already is the largest data breach in history.

$1 million

The fundraising goal for the Insurance Industry Charitable Foundation when it hosts its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City. Mayor Michael Bloomberg will be the honoree and Martin J. Sullivan, president and CEO of AIG, will be chairman. The foundation expects to raise the funds for charities in the tri-state area. For more information, visit http://iicf.org/.

$8 million

The amount a jury in Auburn, Maine awarded to a brain-damaged 5-year-old boy and his mother in their medical malpractice lawsuit against a Lewiston hospital and one of its midwives. The verdict was described as the largest malpractice award ever handed down in Androscoggin County Superior Court.

7.0%

The countrywide prospective return on equity for the homeowners line of insurance for 2007, which is up from 5.4 percent in 2006, according to an analysis by Aon Re Global.

28

The number of municipalities that Delaware Insurance Commissioner Matt Denn says are forming a self-insurance pool for workers compensation insurance.

105

The number of fatal work injuries in Maryland last year, an increase of 10 from the year before. Men accounted for 96 of the fatalities. There were 21 workplace homicides in the state in 2006, 20 fatal traffic accidents and 18 fatal falls to a lower level.

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Insurance Journal Magazine November 5, 2007
November 5, 2007
Insurance Journal Magazine

Focus on Professional Liability/PLUS; Homeowners; Premium Finance Directory