Legislative Democrats in Connecticut say the Department of Motor Vehicles should be eliminated and its functions and staff redistributed to other state agencies to help streamline state government. The proposal is part of a draft plan for reorganizing state government …
The Connecticut Insurance Department has fined Safeco Cos. $434,000 following a market conduct exam of the five subsidiaries for the insurer. The fines are for violations that include improper cancellations, improper rating and using unlicensed agents and adjusters among others. …
Connecticut officials say the federal government is rejecting a request for aid for homeowners for storm damage that included a tornado on June 26. State officials say that preliminary damage information shows the state is not expected to be eligible, …
As the fourth anniversary of Hurricane Katrina nears, four new reports by Congress’ investigative arm have found a wide range of problems with the federal government’s handling of the storm’s aftermath. The Government Accountability Office reports were a reminder that …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million …
The Hartford Financial Services Group Inc. is now offering AARP-branded auto insurance through select, authorized independent agents. Previously, the insurance was only available directly from The Hartford by phone, Internet or mail. The decision to expand through the agent channel …
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. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …
Turmoil Could Have Been Avoided if Treated the Same as Insurance Markets Credit default swaps nearly brought down the world financial system last fall when it was discovered that AIG Financial Products had written hundreds of billions of dollars worth …
Colemont Insurance Brokers has named John Cleary as vice president and casualty broker. Cleary will be physically located in New Jersey, but he will be working as part of the Hartford, Connecticut office. He brings over 25 years of experience …
The implementation of a medical fee schedule in Tennessee after reforms passed in 2004 has helped save employers $1,300 per workers’ compensation case, according to a study by a research group. The study by he Workers Compensation Research Institute (WCRI) …
