March 12, 2008
Connecticut lawmakers say it’s time to reform Connecticut’s bail bondsmen system. Legislators held a hearing today on a bill that would subject bondsmen to testing and routine training, and allow the public safety commissioner to suspend or revoke their licenses …
March 11, 2008
A lengthy investigation has led Bridgeport, Connecticut officials to fire four city fire department inspectors. Officials say the fire inspectors lost their jobs after the investigation allegedly found that they spent workdays visiting friends, taking care of rental properties and …
March 11, 2008
An agent for Connecticut’s Department of Motor Vehicles has accused the agency of failing to consistently enforce its own standards in driver training and retraining. Commissioner Robert M. Ward disputes the assertion, but has ordered reports by James Ricci to …
March 11, 2008
The country’s leading trucking industry group says it will seek new ways to help truckers in Connecticut and nationwide remove ice and snow from atop their rigs without endangering themselves. The American Trucking Associations said in a letter to Gov. …
March 11, 2008
Horst and Luisa Ferrero, of Gainesville, Fla., took their 3-year-old, Sebastian, in for a medical exam last October. Two days later he was dead, killed by a series of medical errors that began with a massive drug overdose. The tragedy …
March 11, 2008
Fitch Ratings has downgraded CIFG to ‘AA-‘ from ‘AAA’ and kept the ratings on Rating Watch Negative. The downgrade affects the Insurer Financial Strength (IFS) ratings for CIFG Guaranty and affiliates – CIFG Guaranty; CIFG Assurance North America, Inc.; CIFG …
March 10, 2008
The Party’s Over “That party is over. … It’s a certainty that insurance industry profit margins, including ours, will fall significantly in 2008. Prices are down, and exposures inexorably rise … So be prepared for lower insurance earnings during the …
March 10, 2008
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. Tattoo & Body Piercing Nuts & Bolts: Professional Program Insurance Brokerage has enhanced its tattoo …
March 10, 2008
A federal court jury in Hartford, Connecticut, has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …
March 10, 2008
Alliant Insurance Services, a California-based specialty insurance brokerage firm, reports that Joseph A. Mauro, a veteran insurance industry sales executive, has joined Alliant’s New York office as business development director. Mauro, who will report to Alliant Chief Operating Officer Jerry …