Federal prosecutors say a Waterbury businessman has admitted to ripping off more than $1.3 million from clients that authorities say was used to gamble at Connecticut’s casinos. The U.S. Attorney’s office said 54-year-old Thomas Cipriano — who owned Waterbury-based insurance …
Massachusetts-based insurer Arbella Insurance Group has received a ratings boost by A.M. Best Co. Best upgraded the insurer’s financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb+”. The new rating covers all …
Insurance wholesale broker S.H. Smith & Co. has hired Shawn Young as a vice president in its large property/casualty department and Lisa A. Cox as vice president of it in-house underwriting division. Young, who will be based in S.H. Smith …
A panel of judges has dismissed a lawsuit against a utility company for a western Pennsylvania fire that killed four people. Two Cambria County judges say Penelec, which cut off service days before the fire, can’t be held liable because …
Construction continues to be a hazardous job for some workers in New York City. The federal Bureau of Labor Statistics reported this week that of the 90 fatal workplace injuries in the city in 2008, about a third involved construction …
The family of an elderly Connecticut woman who died after her chenille bathrobe caught on fire has filed a $30 million lawsuit against the retailer for wrongful death and product liability. Atwilda Brown, 80, was making her nightly cup of …
Health officials are investigating how a surgeon at Rhode Island Hospital mistakenly operated on the wrong part of a patient’s hand, the hospital’s fifth wrong-site surgery since 2007. Hospital President Timothy Babineau said in a letter that the mistake Thursday …
The New York Insurance Department has signed a cooperation agreement with its counterpart in El Salvador, the latest in a string of similar agreements with insurance regulators in foreign countries. The agreement calls for increased cooperation on insurance-related issues between …
The estates of two men who died of asbestos-related lung cancer years after receiving a settlement for increased risks and fear of the disease can again sue another manufacturer of the material under the so-called “two-disease rule,” Pennsylvania’s Supreme Court …
The Insurance Industry Charitable Foundation (IICF) said NBC News Correspondent Tom Brokaw will be its special guest speaker for the 2009 New York Division Gala. The event is being held on December 9 at the Waldorf Astoria Hotel in New …
