Snapshot: It Figures

August 16, 2010

25%

Percent of the oil from the BP gusher in the Gulf of Mexico that had not been captured or evaporated by the end of July, according to Carol Browner, energy and climate change adviser to President Barack Obama. Government officials said that the vast majority of oil is gone and the remaining oil reportedly does not pose a serious threat.

75%

Probability of a major hurricane making landfall along the Atlantic coastline this storm season, according to the Colorado State University forecasting.

$2 Million

Amount of liability insurance large scale marijuana growers would have to carry under a plan approved by Oakland, Calif., the first city to authorize large-scale industrial pot cultivation.

$2,000

The new threshold for property damage before an auto insurer in New York can surcharge a driver. The state has raised the threshold for the first time in nearly 20 years — doubling the amount set in 1991.

$3 Billion

Amount of stock MetLife Inc. said it plans to sell to help pay for its acquisition of the foreign life insurance business of American International Group — about 50 percent more than originally expected.

61%

Percentage of doctors aged 55 and older who have been sued, according to the American Medical Association. The doctors’ trade group reported that an average of 95 medical liability claims are filed for every 100 physicians.

22%

Percentage increase in insurance fraud complaints in Pennsylvania during the first half of the year.

24

The unusually high number of tornadoes Montana has had so far this year. In the past, the state averaged seven a year, tying it with New York for the nation’s 19th-lowest average, according to the National Weather Service.

$940,000

Amount an Arkansas jury ordered German conglomerate Bayer CropScience to pay six rice farmers for allowing genetically altered rice into the commercial market. The jury agreed that the farmers suffered losses when exports and rice prices fell after the contamination was announced in 2006. Three federal juries and three juries in Arkansas have now awarded more than $53 million to farmers for damages in the case.

$25 Million

Funding for a program to help Louisiana businesses still trying to recover from the four major hurricanes of recent years. Grants of up to $2.5 million will be available to community-based organizations to deliver loans or technical assistance to small businesses and entrepreneurs. Low-interest loans from $50,000 to $500,000 and technical help will be available to businesses in 20 parishes.

$11.4 Million

Amount saved or recovered for policyholders in 2009 by the Ohio Department of Insurance. There were 5,453 consumer complaints filed last year, down from 6,506 complaints in 2008. The top five types of Ohio consumer complaints: claim denials (30.9 percent); payment delays (17.5 percent), unsatisfactory offer (13 percent); policy cancellations/non-renewals (5.3 percent) and sales misrepresentations (5.2 percent). Denial of claims was also the number one reason for consumer complaints nationally.

$350,000

Current limit on non-economic damages for a medical malpractice case in Nevada. The state Supreme Court is being asked to consider a 2008 case where a family estate and seven surviving members would each have a separate claim against both the doctor and the hospital. That could mean a potential damage award for pain and suffering of $5.6 million, a much bigger amount than the $350,000 defense attorneys say can be awarded.

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