Connecticut News

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The Independent Insurance Agents & Brokers of New Hampshire (IIANH) has elected new officers and directors. They are: Chairman Edwin Duvall, president of Lakeside Insurance Agency Inc./C&G Insurance; Chairman-Elect Robin Logel, marketing manager of Noyes Insurance Agency; Vice Chairman Ryan …

Chimp Owner Claims Connecticut Woman was Mauled on the Job

An attorney representing the owner of a chimpanzee that mauled and blinded a woman is calling the attack a work-related incident and said her family’s case should be treated like a workers’ compensation claim. The strategy, if successful, would severely …

Infearenza!

Insurance agencies and other businesses would do well to pay attention to flu news. I fear for you, insurance-selling America. Maybe it’s because I sit cooped up all day in my home office – away, thankfully, from the world and …

The Hartford Settles for $1.3M in Price-Fixing Suit

Cooperation Emboldens AG in Lawsuit against Guy Carpenter The Hartford’s reinsurance division, Hart Re, ceased selling reinsurance in 2003. The Hartford will pay $1.3 million to settle allegations over its role in a scheme to improperly inflate insurance and reinsurance …

Business Moves

AmTrust, American Capital New York-based AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it will initially invest approximately …

Connecticut Recovers $700K for Consumers

The Connecticut Insurance Department’s Consumer Affairs unit says it recovered more than $700,000 for consumers in the third quarter. The department received 1,696 complaints this quarter – a typical amount for a three-month period – and less than half of …

Illinois Suspends Operations of Medical Liability Insurer

Illinois Director of Insurance Michael McRaith has suspended the operations of medical liability insurer Professional Liability Insurance Company of America (PLICA). Under the Department of Insurance order dated Oct. 22, 2009, PLICA is prohibited from writing new policies or renewing …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

Business Moves

AmTrust, American Capital AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it will initially invest approximately $42.5 million. …

States and Cell Phone Driving Laws

A jurisdiction-wide ban on driving while talking on a hand-held cell phone is in place in 7 states (California, Connecticut, New Jersey, New York, Oregon, Utah, and Washington) and the District of Columbia. Utah has named the offense careless driving. …