It Figures

September 20, 2010

$66,500

The refund that an Indiana insurance agent Timothy Allen Craig will pay to poultry farmers in Mississippi under a settlement announced by Insurance Commissioner Mike Chaney. Chaney said the refund will go to 500 insured farmers for inspections of poultry facilities that were never performed. Inspections of poultry facilities are generally required before insurance coverage is issued. Chaney says Craig has also paid a $1,000 fine and his Mississippi license is on probation for one year.

$131 Million

The amount a Mississippi jury ordered Ford Motor Co. to pay to the family of a man who died while driving an Explorer. The trial centered on a 2001 accident involving Brian Cole, who at the time had been a prospect for the New York Mets. Turner said that after the jury returned its verdict, Ford reached a settlement with the family.

$8 Billion

The cost thus far to BP of dealing with its oil spills in the Gulf of Mexico. BP said that since it capped the well on July 15, it has spent around $90 million/day, in line with the spend rate while the well was gushing over 60,000 barrels per day into the sea.

8%

The percent of all drivers, as many as 17 million people, who have driven drunk at least once during the past year. The National Highway Traffic Safety Administration data reveals that about one in five Americans have driven within two hours of drinking alcohol in the past year. Four out of five Americans identified drunk driving as a “major threat” to their own and their family’s safety.

30

The number of false insurance claims filed by a Georgia man who has been sentenced to two years and nine months in prison for his fraud. U.S. District Court Charles Pannell Jr. also ordered Desima James to repay almost $34,000 to the federal government. He was found guilty of filing false claims for emergency compensation for damages from three Gulf Coast hurricanes, a tornado in Indiana and flooding in New Hampshire.