THE INSURANCE EXECUTIVE
RISK CALCULUS: Halvorson's job took him to distant lands, so he bought extra insurance.

Families with large insurance policies, like this one, will get much smaller awards under the rules

  • VICTIM: James Halvorson, 56, earned $500,000 a year at Marsh & McLennan. Married with one adult son. Caretaker for mother.

  • GROSS AWARD: $1.4 million

  • DEDUCTIONS: $2.6 million for multiple insurance policies

  • FINAL AWARD: $0


Posted 02/05/2002, 2:15 p.m. EST
Get the Magazine - Try 4 Issues Risk-Free! | Click here to return to TIME.com