Connecticut News

Connecticut Insurance Regulators Requiring Data Breach Notification

Five days. That’s how quickly agents and insurers must now notify Connecticut insurance regulators about a possible leak of clients’ personal information. The new bulletin, released earlier this month, follows a string of incidents in the Nutmeg State in which …

K&K Insurance Adds New Regional Sales Staff Across U.S.

Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …

Assurant Names Koppy as Investor Relations Exec

New York-based specialty insurer Assurant Inc. has named Brian D. Koppy as vice president of investor relations. Koppy most recently as director of investor relations and communications at Barnes Group Inc., a diversified specialty industrial business in Connecticut. Prior to …

M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace

Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …

Connecticut Suit Against Ratings Agencies May Proceed

Lawsuits by the Connecticut Attorney General accusing three credit ratings agencies with giving artificially low credit ratings to municipalities can proceed in a Connecticut state court, a judge ruled. In a ruling made public Friday, Connecticut Superior Court Judge Robert …

Medical Protective Launches Insurance for Facial Plastic, Reconstructive Surgeons

Medical Protective has teamed up with the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) and created The AAFPRS Medical Protective Insurance Program. The program will underwrite those members performing more than 20% facial plastic surgery in their own …

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. Manufacturers Market Detail: Penn Millers Insurance Co.’s manufacturers program offers property, crime, liability, automobile and …

Despite Claims, Utilities’ Insurance Market Still Softening

Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from Willis. Foremost among these …

Connecticut Shooting Survivors, Families Told of Compensation

The head of Connecticut’s workers’ compensation program says the largest payouts in 12 years may eventually be made to survivors and family members of employees killed last week at a Manchester beer distributor. John Mastropietro, chairman of the state Workers …

Year-over-Year, M&A Activity Sustains a Moderate Pace

Buyers and Sellers Remain Cautious Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through …