Connecticut News

Insurance Brokerage M&A Took a 3rd Quarter Vacation

Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between July and September. This quarterly activity follows …

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 …

Private Equity Fund Aquiline Acquires Consultant Conning from Swiss Re

Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co. reported the closing of the transaction today. Conning …

Do Cell Phone Bans Change Driver Behavior?

Phoning while driving and texting behind the wheel are in the news. This is the highway safety issue of the moment, the subject of cartoons and, on a more serious side, the focus of legislation. A key question is whether …

$5M Settlement Reached over Leg Amputation

A Connecticut woman whose left leg had to be amputated after elective back surgery at New Milford Hospital in 2005 has agreed to settle her malpractice lawsuit for $5.25 million. Documents filed in Litchfield Superior Court say 63-year-old Eileen Kelleher …

PIA Names Ohio Mutual Insurance Group 2009 Company of the Year

The National Association of Professional Insurance Agents has named Ohio Mutual Insurance Group as the recipient of its 2009 Company Award of Excellence. The annual PIA National Company Award of Excellence honors companies for their commitment to PIA, to the …

States, Industry Worried Federal Insurance Office Would Regulate

State insurance regulators, insurance carriers and independent insurance agents are concerned that redrafted legislation to create a federal insurance office makes the new agency too much like a regulator. Testifying before the House Financial Services Committee on the proposal to …

London: International Insurance Center

Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The City’s”— London’s financial and insurance …

Connecticut Now Requires Two Written Tests for Teen Drivers to Get Licenses

Starting this month, 16- and 17-year-olds in Connecticut who are seeking a driver’s license will need to pass two written tests. The legislature is requiring the Department of Motor Vehicles (DMV) to administer the 25-question test once a young driver …

London: International Insurance Center

Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The City’s” – London’s financial and …