Connecticut News

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 …

Bloomenkranz Named Chief Marketing Officer for Progessive Corporation

Larry Bloomenkranz has been named chief marketing officer for The Progressive Corporation in Cleveland, Ohio, The announcement was made by Paul-Lawrence Associates, an executive search firm. Bloomenkranz, who began his new position at Progressive on April 28, was previously the …

ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers

Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance Brokers Inc. The combined companies will have 10 offices throughout the United …

Insurance- ‘Green’ Coalition Opposes Expanding Government Catastrophe Bailouts

An unusual alliance of insurance and environmental groups is urging lawmakers to focus on policies that encourage property mitigation and environmental protection in catastrophe-prone areas, rather than expanding the government’s flood insurance or “bailing out” Florida’s catastrophe plan. The coalition, …

Origin of Massive Connecticut Apartment Fire ‘Suspicious’

Investigators will assume the cause of a massive apartment fire that reduced a Norwich, Connecticut apartment complex to smoldering rubble is suspicious unless proven otherwise, a police official said. “They’re going to treat it as suspicious until they find out …

New York Agents’ Group Gets New Lobbyist

Jill R. Muratori has joined Albany-based Barrett Associates as its new vice president and counsel, and will serve as a lobbyist for the Independent Insurance Agents and Brokers of New York. It will be familiar ground for Muratori, who most …

CMIC Names Barclay to Communications Post

CMIC, a doctor-owned medical malpractice insurer serving Connecticut and Massachusetts, has named Wendy S. Barclay to fill the new position of communications specialist. Barclay is responsible for CMIC’s communications with policyholders, media outlets, government entities and the general public. She …

Northeast States Lead Nation for Low Worker-Death Rates: Report

Two New England States lead the nation in terms of having the lowest rate of work-related deaths and most states in the Northeast rank well above the national average, according to a new report from a major labor group. New …

US, China Accounting Standards Groups to Cooperate

Accounting standard setters for the United States and China have signed an agreement designed to strengthen cooperation and communication between the two countries, the Financial Accounting Standards Board said Monday. The memorandum of understanding, signed April 18, will help the …