Connecticut News

New Study Calls for Broad Climate Fight, Not Just Gas Emission Cuts

An assault on climate change on many fronts makes good economic sense but will be money badly spent if the world focuses exclusively on cutting greenhouse gas emissions, a new study said on Thursday. A 100-year package costing $800 billion …

It Figures

$500,000 Amount recovered last quarter by the Connecticut Insurance Department for the 1,400 customers who complained about their insurers’ claims practices, underwriting, sales tactics and other business practices. About half of that money was for accident and health claims, while …

Court Allows Conn. Landlady’s Suit Against Rogue Insurance Executive Frankel For House Damage

A federal judge ruled in favor of a Greenwich, Conn., woman trying to collect more than $2 million for back rent and damage to a home occupied by rogue financier Martin R. Frankel. Judge Ellen Bree Burns rejected a request …

Medical Malpractice Suits on the Decline in Pennsylvania

The number of medical malpractice lawsuits filed in Pennsylvania declined for a third consecutive year in 2007, according to figures released by the state Supreme Court. The number of suits, 1,617, represented a 4.5 percent decline from 2006 and a …

People

Charlotte, N.C.-based wholesale insurance broker AmWINS Group, Inc. has named James Drinkwater president of its AmWINS Brokerage division. Drinkwater will be responsible for the day-to-day management of the division. Prior to being promoted to this role, Drinkwater served as the …

Democrats Accuse Sen. Martinez of Not Pushing Catastrophe Fund Bill

Republican Sen. Mel Martinez of Florida is in a position to help move along a bill that could lower property insurance rates in disaster-prone states, but hasn’t been aggressive enough in doing so, said the two Democratic House members sponsoring …

People

M.J. Hall and Company Inc., a managing general agent and surplus lines wholesaler based in Stockton, Calif., opened an office in Plano, Texas, and named Brett Amick as vice president and branch manager. Amick and his team collectively have more …

New Markets

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U.S. Insurers Face Uphill Battle to Alter Foreign Insurers’ Tax Break

A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing others. The coalition, led …

Judge Upholds Conn. Widow’s Settlement

A Greenwich, Connecticut probate judge has upheld a settlement of more than $1 million between a cruise ship line and the widow of a missing passenger. George Smith IV of Greenwich had been on a 12-night honeymoon cruise aboard a …