In a decision that changes nearly a century’s worth of case law, Massachusetts highest court has ruled that property owners can be held liable for snow-related injuries — regardless of whether plows cleared the snow. For more than 100 years, …
The U.S. Justice Department Tuesday indicted three former financial services executives as part of a wide-ranging probe into fraud and manipulation of prices for municipal bond derivatives. The 12-count indictment, filed in U.S. District Court for the Southern District of …
Connecticut residents are running out of time to file federal damage claims from the March flooding that affected the eastern half of the state. Anyone with property damage has until today to file with the Federal Emergency Management Agency. Tuesday …
Connecticut-based managing general agent Business Risk Partners has hired Mark A. Wilson as director of national sales. Wilson served as the agency director of broker relations from 2002 to 2006, overseeing marketing for wholesale and retail brokers nationwide. Most recently, …
CMIC, a Connecticut-based medical professional liability insurer, has promoted Michael F. Morgan to vice president of Business Development. Morgan’s responsibilities include the development and promotion of professional liability solutions for health care professionals and hospitals throughout New England. He joined …
Former Connecticut Insurance Commissioner Susan Cogswell, the first woman to hold the job, has died. She was 57. The Republican Town Committee of Torrington, where Cogswell lived, released a statement saying Cogswell died Tuesday morning surrounded by her family. She …
Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …
Giant insurance broker, Aon Corp., said it will resume taking contingent commissions from insurers where they are permitted— reversing its policy on the controversial compensation just six months after a legal settlement banning the volume-based payments was lifted. In a …
First Mercury, Valiant Michigan-based First Mercury Insurance Co. is acquiring New York-based Valiant Insurance Group Inc. in a transaction valued at approximately $55 million. The transaction is expected to close in the fourth quarter. Valiant’s existing classes of business to …
The federal government has approved a grant of nearly $1.4 million for the state of Connecticut to buy and then demolish five flood-prone properties in East Haven. Demolishing the properties is intended to reduce or eliminate the long-term risk of …
