A Monroe, Conn. woman is suing her husband, claiming he caused her to lose an eye when he threw a carrot at her during an argument. The lawsuit filed by Pamela Vecsey claims that when she and her husband, 48-year-old …
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
Complaining Connecticut consumers recovered more than $500,000 in claims in the first quarter of 2008, according to the state’s insurance department. Those recoveries came from over 1,400 complaints lodged with the Connecticut Insurance Department between January and March. That number, …
Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …
Connecticut Attorney General Richard Blumenthal can attempt to recover damages from insurance broker Marsh & McLennan Inc. for harming the economy of the entire state, the state’s Supreme Court ruled. The ruling stems from a still-pending 2005 suit against Marsh …
The Main Street America Group board of directors promoted two and appointed two to officer-level positions. The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean Dorman to assistant vice president, actuarial. The board of directors …
People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …
Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in the Northwest marketplace,” said Bob …
The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389, the Fair Accountable Insurance Rates Act, would create …
Stock Prices: Brokerage stocks have started 2008 in a downward spiral. Year-to-date the sector is trading down 13 percent. M&A Activity: With 29 acquisitions announced in February and March, the year-to-date total is 56, which is down 14 percent from …
