Connecticut News

Pacific Underwriters Adopts (I-Bind)® For Private Company and Non-Profit Risks

New York, NY- March 20, 2008: Pacific Underwriters announced that it has partnered with Darwin Professional Underwriters to place management liability insurance for private company and not-for-profit risks utilizing Darwin’s (i-bind)® technology system. Pacific Underwriters will offer directors and officers …

ASPN Expands Regional Territories, Names 5 New Vice Presidents

ASPN (Agency Specialty Product Network) announced it is expanding its regional territories from seven to 11 in the U.S. In addition to the five curent ASPN regional vice presidents, ASPN has added five new regional vice presidents to further increase …

Conn. Bill Banning Credit Scores for Auto Insurance Dies in Committee

A Connecticut bill that would have banned insurers in from rating Nutmeg State drivers using credit scores has died in committee. The bill has passed a procedure deadline set by the General Assembly’s Insurance and Real Estate Committee without any …

Clarke Appointed EVP of Willis of New York

Willis Group Holdings has appointed Timothy Clarke as regional growth leader for the New York region and executive vice president of Willis of New York Inc. Clarke’s responsibilities include leading client retention and growth for Connecticut and New York State …

Connecticut Insurance Firm Owners Accused of Laundering $10M

Federal agents have arrested the owners of a Danbury , Connecticut insurance firm, accusing them of laundering nearly $10 million. Renata Amaral and Monica Teixeira are accused of laundering the money between Brazil and the United States in black market …

Man Critically Injured in Fiery Connecticut Crash in 2005 Dies

A commuter bus driver who was critically injured in the 2005 crash involving a runaway dump truck at the base of Connecticut’s Avon Mountain has died at his Torrington home, family members and colleagues said. Frank Joseph Juan Jr. was …

Connecticut Agents’ Group Elects New Officers

The Professional Insurance Agents of Connecticut elected officers yesterday during the group’s annual convention. The group’s new officers are • President Michael F. Keating of West Hartford, president of Michael J. Keating Agency Inc. in West Hartford. • President-elect James …

Stunned Bear Stearns Investors Eye Legal Claims

Angry Bear Stearns Co. Inc. shareholders have wasted no time in calling their lawyers to pursue possible legal claims over the company’s $2-a-share fire sale to JPMorgan Chase & Co. But while the deal may draw legal challenges from investors …

Congress Examines Municipal Bond Ratings, Bond Insurance Industry

The fast-spreading U.S. mortgage crisis prompted lawmakers Wednesday 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 Richard …

Some in Connecticut Shook by Small Earthquake

Scientists say it was a small earthquake that shook houses in Chester, Connecticut and surrounding towns earlier this week. The U.S. Geological Survey says it recorded a 2.0 magnitude earthquake early Tuesday morning three miles northwest of the center of …