Connecticut News

Declarations

Something’s Fishy “It certainly has had some effect.” —Jud Reis, spokesman for Gloucester, Mass.-based fish-seller, Gorton’s, speaking on the business impact of a voluntary recall made by the company after a Pennsylvania family found pills in their food. The FDA …

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. Contractors Nuts & Bolts: Lemac & Associates, a division of Risk Placement Services Inc., is …

Word-of-Mouth Marketing Yields Big Results

A firm’s most valuable customers are not necessarily those who buy the most. Instead, customers who refer new business can be worth as much as the big spenders, or more. So reveals a study, “How Valuable Is Word of Mouth?” …

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. Hackers Nuts & Bolts: Coverage for unauthorized access to electronic communication systems (hacker) is being …

New York Man Blames Speeding on Oreo Cookie

Police say a New York man’s excuse for speeding through a small Connecticut town takes the cake — or, at least, the cookie. A state trooper who stopped the 1993 BMW last fall says its driver, 28-year-old Justin Vonkummer of …

People

Kenneth A. Bowles has been named the 2008 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Bowles was honored for his work on behalf of professional insurance agents, his commitment to the highest …

People

The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is found. Before coming to …

Congress Examines Municipal Bond Ratings, Bond Insurance Industry

The fast-spreading U.S. mortgage crisis prompted lawmakers this month to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General …

Time to Invest in Infrastructure

U.S. District Judge Stanwood Duval in the first quarter of 2008 dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans after Hurricane Katrina in 2005. Duval ruled the Corps had immunity from the lawsuit, …

Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa.

Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare Risk Solutions, LLC is a property/casualty retail insurance broker providing …