USI, Webster Insurance USI Holdings Corp. has acquired Webster Insurance, Inc., from Webster Financial Corp., the holding company for Webster Bank, N.A. The parties also signed marketing agreement to provide expanded products and services to their respective clients. Webster Insurance, …
The Connecticut Insurance Department has launched a year-long pilot program that will exempt some complicated commercial rate and form filings from being initially reviewed by the state — although insurers using those forms will still be subject to an audit. …
Connecticut transportation officials have opened a runaway truck ramp at a dangerous hilly intersection – more than two years after a fatal wreck and five months after a second crash. Work on the $2.8 million ramp on Route 44 in …
The Connecticut Insurance Department said it will hold a public hearing later this month on the proposed acquisition of PXRE Reinsurance Co. by U.K.-based Tawa. Tawa announced the plans to acquire the company from Bermuda-based Argo Group International Holdings Ltd. …
Washington State Attorney General Rob McKenna announced that Washington will receive nearly $1.7 million as part of a $41 million settlement between 29 states and Caremark Rx, LLC, one of the nation’s largest pharmacy benefits management companies. As part of …
The Connecticut Insurance Department this month launched a year-long pilot program that will exempt some complicated commercial rate and form filings from being initially reviewed by the state – although insurers using those forms will still be subject to an …
Stamford, Conn.-based General Star Management Co. is consolidating its Excess and Primary units into a new Casualty Division. “Clients will now work with a single underwriter and manager for both lines of business, ensuring faster decision making and ease of …
A Connecticut appeals court has affirmed a lower court’s ruling that awarded a bride $15,000 for emotional distress following a “Shakespearean drama of confusion and lost opportunities” that resulted in her having to move her wedding location two years after …
Farmington, Conn.-based Darwin Professional Underwriters, Inc. reports it has signed a marketing relationship with Agency Specialty Product Network Insurance Services, Inc. (ASPN). Under the arrangement, ASPN’s nationwide team will aim to increase awareness of Darwin’s professional liability and errors and …
A.M. Best Co. has placed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American International Group (AIG) under review with negative implications. In addition, …
