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...major aviation accidents between 1970 and 1984, the average compensation for victims who went to trial was $1 million in current dollars, according to a Rand Corp. analysis. Average compensation for cases settled without a lawsuit was $415,000. The biggest aviation payout in history followed the crash of Pan Am Flight 103 over Lockerbie, Scotland, in 1988. Settlements ranged all over the spectrum, with a couple dozen exceeding $10 million, according to Manhattan attorney Lee Kreindler, who acted as lead counsel. Dividing the total $500 million payout over the 270 victims yields an average award of $1.85 million. However...
Tony Markel, CEO of the Markel Corp., a specialty insurance firm, tried videoconferencing once before, to save money during the last recession, from 1990 to 1991. But "there were delays in the audio. We were stepping on each other's lines," says Markel, who demands strong communication and teamwork among his brokers in far-flung cities like Richmond, Va.; Toronto; Paris; and Sydney, Australia. Soon his employees were back on airplanes, and the expensive video hookups started gathering dust. So after the terror attacks last September, when travel delays were eating up the time of his employees, Markel thought videoconferencing...
...major aviation accidents between 1970 and 1984, the average compensation for victims who went to trial was $1 million in current dollars, according to a Rand Corp. analysis. Average compensation for cases settled without a lawsuit was $415,000. The biggest aviation payout in history followed the crash of Pan Am Flight 103 over Lockerbie, Scotland, in 1988. Settlements ranged all over the spectrum, with a couple dozen exceeding $10 million, according to Manhattan attorney Lee Kreindler, who acted as lead counsel. Dividing the total $500 million payout over the 270 victims yields an average award of $1.85 million. However...
...letter then points to Winokur’s role as chair of the board of directors for Azurix Corp., a failed water company set up by Enron...
...renovations could play a crucial role in opening up new space and council leaders are eager to see the results of the HNTB Corp. survey that will get the ball rolling on such renovations...