U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. Securities and …
Connecticut Attorney General Richard Blumenthal is urging his federal counterpart, Attorney General Eric Holder, to look into reports that some auto insurers improperly steer consumers toward certain body repair shops — allegations that one industry group dismissed as bogus. Blumenthal …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings to “a” from “a-” of Western National Insurance Group (WNG) and its members. The group’s ratings are based on the consolidated …
A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice (AAJ), said it found commuters are sharing roads …
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the Adriatic. “People criticize me for being …
The NIF Group has launched a new policy line for artisans and general contractors in New York, New Jersey, Connecticut and Pennsylvania. The Manhasset, New York-based program administrator said the coverage, offered on an admitted basis through Valiant Insurance, includes …
There are far easier ways to spend one’s leisure hours than slogging through tough early-morning runs, pedaling through sunburns and saddle sores and accidentally swallowing gulps of salt-, lake- or chlorinated water. But insurance professionals around the country say the …
The State Auto Insurance Cos. has introduced personal lines products in Connecticut. In Sept. 2007, the Columbus, Ohio-based insurer affiliated with the Patrons Group of Glastonbury, Connecticut “Our independent agency partners throughout the state are prepared to offer outstanding service …
The family of a Connecticut woman who died five days after ovarian surgery has received $1 million from the insurance company of two doctors sued for medical malpractice. The lawyer for Barbara Beaudoin’s estate says her family was paid last …
Mary Landen has been named Educational Institutions Program Manager at S.H. Smith & Co. Inc. in Hartford, Connecticut. In her new role, Landen will manage educational institutions programs, which provide umbrella and excess Liability coverage for private schools and colleges, …
