Connecticut lawmakers have approved a bill imposing extra taxes on bonuses paid to state employees of investment banks and insurers that received federal bailout aid during the economic crisis. The House of Representatives approved the bill 89-49 early Sunday, and …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings Inc. In addition Best affirmed …
A Connecticut businessman faces sentencing for stealing more than $1.3 million from clients and using the money to gamble at Connecticut’s casinos. Thomas Cipriano has pleaded guilty to mail fraud and money laundering. The 54-year-old is scheduled to be sentenced …
$35 Million Amount sought by relatives of a Baltimore fire department recruit Racheal Wilson, who died in February 2007 after becoming trapped inside a vacant rowhouse during a training exercise. An independent report found that the training exercise violated dozens …
Foremost Foremost Insurance Group has launched its DistinctChoice Auto program in Connecticut. The auto program features increased limits, deductible options and coverages. The program also offers broad eligibility and discounts, including multi-policy discount and a five-year accident/violation free discount. PURE …
TD Insurance Inc. in South Portland, Maine, has hired Leah K. Halsey as an account executive in employee benefits. She is responsible for working with employers throughout northern New England to design, implement and manage their various employee benefit programs. …
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. Insurance for Nonprofits Market Detail: Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) insures …
Travelers recognized 20 personal lines agents with its Agent of the Year award. Winners were picked for their community work, as well as high achievements in their lines of business. They are : Georgiana Carney, Pearl Carroll & Associates, Latham, …
A woman who had a voluntary double mastectomy after genetic testing is alleging her employer eliminated her job after learning she carried a gene implicated in breast cancer. Pamela Fink, 39, said in discrimination complaints that her bosses at natural …
Connecticut-based insurer W. R. Berkley Corp. reported a $119 million profit in the first quarter and announced plans to open an excess and surplus (E&S) underwriting company in Virginia. Net premiums written were $984 million, down from $1.023 billion in …
