Connecticut News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Energy Risks Market Detail: MarketScout has a team dedicated to energy accounts. They have the …

‘Smoking Materials’ Blamed for Massive Connecticut Fire

A fire chief in Norwich, Connecticut says the blaze that destroyed a large apartment complex last month was accidental and started when a resident improperly discarded smoking materials. Chief Kenneth Scandariato said the April 26 fire at the Peachtree complex …

Best Takes a Number of Rating Actions on AIG and Subsidiaries

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American International Group, Inc. (AIG). Best also removed these ratings from …

Connecticut Schools Create Insurance Degree Program

Students at two community colleges in Connecticut can now earn a college degree in insurance and financial services. Gov. M. Jodi Rell says the state Department of Higher Education has approved an associate of science degree in the field. The …

Hanover Enhances Towing, Rental Car, Other Personal Lines Benefits

The Hanover Insurance Group, Inc. is offering enhancements to its automobile and homeowners policies for towing, labor, and rental cars as well as waived deductibles and guaranteed policy renewals. The new personal insurance benefits — called Ultimate Service and Total …

Bank of N.Y. Works with Connecticut on Security Breach

Connecticut Attorney General Richard Blumenthal asked the Bank of New York Mellon Wednesday to explain how it lost computer tapes containing the information of more than 4 million customers. The bank told the state that a box with back up …

Judge: Evidence Showed Greenberg Phone Call in AIG/General Re Case

A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the insurer’s former chief executive, Maurice “Hank” …

Massachusetts Agents’ Key Software Vendor Weathers Major Upheaval

No tool is more indispensable to an insurance agency than a computer; after all, it’s where the rates come from. So imagine what went through the heads of thousands of Massachusetts independent insurance agents after they learned the state’s top …

International First Quarter Earnings Gone With the Credit Crunch

Myanmar’s disaster and a 100-year, $800 billion plan to combat climate change The cruelest months for many insurers, reinsurers and brokers, were undoubtedly the end of April and the beginning of May when they reported first quarter earnings. With few …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …