Connecticut News

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. Private and Parochial Schools Nuts & Bolts: Francis L. Dean & Associates of Colorado is …

People

Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota and corporate health and safety manager for Remedial Construction Services …

My 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. Nutritional & Dietary Supplements Nuts & Bolts: Travis-Pedersen and Associates Inc. is offering a new …

Word-of-Mouth Marketing Yields Big Results

New study reveals the value of clients who refer new business is priceless 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 …

New Pooled Members of State Auto Insurance Companies Upgraded

State Auto Insurance Companies (State Auto) reported that A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A-“(Excellent) and the issuer credit ratings (ICR) to “aa-” from “a-” of Patrons Mutual Insurance Company of Connecticut …

Clinton Suggests Tapping Wages of Those Who Won’t Buy Insurance

Democrat Hillary Rodham Clinton said she might be willing to have workers’ wages garnisheed if they refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a …

Mercator Risk Services Acquires Tennant Risk Services

Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not disclosed. Tennant Risk Services specializes in errors and omissions, directors and …

USI Acquires Conn.’s Webster Bank Insurance Brokerage

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, based in Meriden, …

Ratings: CUNA/CUMIS, Fremont, National Interstate, Patrons et.al., FGIC, Munich Re (US)

A.M. Best Co. has assigned an issuer credit rating (ICR) of “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Madison Wis.-based CUNA Mutual Insurance Society, the lead parent organization within the CUNA Mutual Group. The outlook …

Conn. AG’s Report Faults Rowland-Era $80M Workers’ Comp Deal

Connecticut Attorney Richard Blumenthal has released a report saying the Nutmeg State “badly botched” an $80 million deal to privatize payments of more than 600 state workers’ compensation claims — overpaying the contractor that set the deal up and failing …