A Waterbury businessman faces sentencing for ripping off clients of more than $1.3 million, which he used 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 …
Columbus, Ohio-based State Auto Financial Corporation’s fourth quarter 2009 net income rose to $14.4 million compared with a net loss of $0.6 million for the fourth quarter 2008, the company reported. For the year 2009, STFC had net income of …
Connecticut insurance regulators recovered almost $3.2 million last year for consumers involved in formal disputes with their insurers over claims payments, regulators said. There were 6,798 complaints and inquiries lodged last year, the bulk of which focused on Accident and …
$2.9 Million Settlement paid to the family of Michael Colombini, a six-year-old who died in an MRI chamber at New York’s Westchester Medical Center eight years ago when an oxygen tank flew into the chamber, drawn in by the MRI’s …
Agents Balk at Plan, But Consumer Advocates Say New Rule Doesn’t Go Far Enough New York insurance regulators have recently unveiled new regulations that will require agents to reveal to their clients how much money they get paid. The proposal, …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …
Issue Will Have Serious Implications for Insurance Industry Toward the end of 2009, it appeared that a number of issues with the possibility of creating significant political and social changes were on the verge of becoming law before stalling or …
Insurance broker Lockton Southeast recently added Veronica Corkan to its team of benefits experts as vice president and unit manager in Atlanta. She joins Lockton after having served as a senior health and welfare consultant at Towers Perrin. Corkan has …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …
Issue Will Have Serious Implications for Insurance Industry Toward the end of 2009, it appeared that a number of issues with the possibility of creating significant political and social changes were on the verge of becoming law before stalling or …
