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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

Stress Claim Denied for Connecticut Cop Who Shot Chimpanzee

A Connecticut police officer who shot and killed a 200-pound chimpanzee last year after it mauled a woman has been denied an insurance claim for post-traumatic stress disorder because state law only applies to police shootings of people. State Sen. …

The Cincinnati Insurance Companies Ratings Affirmed

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty members. Concurrently, A.M. Best has affirmed the FSR of …

Fairfax to Buy all Remaining Shares of Zenith in $1.4 Billion Deal

Fairfax Financial Holdings Ltd said Thursday it will buy all the shares of U.S. insurer Zenith National Insurance Corp that it does not already own in a deal worth about $1.4 billion.[Figures are in U.S. $, unless noted] The acquisition, …

Large Brokers Freed to Go After Contingent Commissions But Will They?

The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut have agreed to amend agreements under which the …

Certain Safety Codes Didn’t Apply to Connecticut Plant

Three days before the deadly explosion at a Connecticut natural gas power plant, a federal agency that investigates chemical accidents recommended urgent changes to national safety standards for clearing gas from pipes. But even if those changes had been in …

4 Companies Told to Stop Selling Insurance Products in Kansas

Kansas Commissioner of Insurance Sandy Praeger has issued a cease and desist order to four companies and four individuals for selling unauthorized health insurance and distributing deceptive advertising. The Kansas Insurance Department identified the companies as: Real Benefits Association, Serve …

Connecticut Insurance Department Recovered Nearly $3.2M Last Year

Connecticut insurance regulators recovered almost $3.2 million last year for consumers involved in formal disputes with their insurers over claims payments. There were 6,798 complaints and inquiries lodged last year. The bulk of the complaints focused on Accident and Health …

Corjulo Joins ProMutual Group as Risk Management Consultant

Boston-based medical liability insurer ProMutual Group has hired Diane Corjulo as a risk management consultant. Corjulo, a registered nurse, has broad acute care hospital experience and physician office practice expertise. She has worked at Yale-New Haven Medical Center and the …

Contractor Seeks Claims for Property Damaged by Explosion

The mayor of the Connecticut town where a power plant was rocked by a fatal explosion says the general contractor building it is asking for property damage claims from neighbors. Middletown Mayor Sebastian Guiliano said Monday that O&G Industries Inc., …