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 …
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 …
Melville, New York-based managing general agent, WKF&C Agency Inc., announced it is expanding its nationwide casualty underwriting platform with the opening of a new office in Dallas, Texas. Industry veteran and Dallas native Rodger Young will serve as president of …
A California judge on Tuesday approved the settlement of a class-action lawsuit that will compensate about 800,000 Ford Explorer owners whose vehicles lost value because of a perceived rollover danger. The settlement ends lawsuits against Ford Motor Co. in California, …
The Connecticut Insurance Department has revoked the license of a Middlesex County insurance agent who it says forged clients’ signatures and held thousands of dollars in payments in his own bank account. Those allegations against David M. Raczka follow an …
A Connecticut general contractor who delegates special inspections of all steel welding work as required by the state’s building code to a subcontractor is not liable for injuries resulting from an accident that occurs due to failure of the subcontractor’s …
The state Department of Motor Vehicles is setting up a safe driving program for teenagers in response to several fatal car accidents in Connecticut over the past year. Gov. M. Jodi Rell says the Center for Teen Safe Driving will …
Bermuda-based XL Insurance, the global insurance operations of XL Capital Ltd., has announced the formation of a global Product Development team to further address customers’ risk management needs. “The team will work with XL Insurance business units, customers, and brokers …
Federal prosecutors want Berkshire Hathaway Inc. to replace the chief executive of its reinsurance subsidiary after four former executives of the company were convicted in February, according to a person familiar with the negotiations. Prosecutors and Berkshire Hathaway attorneys on …
