Connecticut News

Connecticut Extends Flex-Rating Law

Connecticut’s flex-rating law will continue for two more years, after Gov. M. Jodi Rell signed legislation extending the practice of letting insurers vary premiums without regulatory approval. Flex-rating allows Connecticut personal lines insurers to adjust premiums up or down by …

New York Charges Doctors, Hospital Employees with No-Fault Fraud

New York Attorney General Andrew M. Cuomo announced the indictment of 12 people and 9 corporations across New York City for their roles in an alleged criminal enterprise that paid hospital employees for confidential patient information, lured patients into receiving …

Hutton Joins New Jersey’s NIA Group

The NIA Group insurance brokerage in Paramus, New Jersey, has named Peter A. Hutton as executive vice president for National Sales. In his new role, Hutton will oversee the NIA’s sales strategy, including continued growth of the firm’s property/casualty and …

Credit Default Swaps Should Be Regulated As Insurance

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 of credit protection without setting aside sufficient reserves. Yet since then, pathetically …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …

Connecticut Trucking Company Owner Sentenced to 6 Years in Prison

The former owner of a Connecticut trucking company has been sentenced to six years in jail on manslaughter and insurance fraud charges for his role in a fiery truck crash at a major suburban intersection that left four people dead, …

2009 Near National P/C Insurers

2009 Near National P/C Insurers Company Name 2009 Demotech Company Classification 2008 Demotech Company Classification 2007 Demotech Company Classification Affiliated FM Insurance Co. Near National Near National Near National AIG Casualty Co. Near National Near National Super Regional American Alternative …

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. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

Connecticut Mom, Son Get Probation for Deadly 2005 Crash

A Connecticut woman and her son avoided jail time Tuesday and were sentenced to three years probation for attempted insurance fraud and evidence tampering after a fiery wreck at the bottom of Avon Mountain that killed four people in 2005. …

Beecher Carlson Names Aon’s Grady to Direct Its ZOOM Risk Analytics

Atlanta-based commercial insurance brokerage and consulting firm Beecher Carlson has appointed Kevin Grady as managing director based in its Nashville, Tenn., office. Grady, who has 20 years of experience in analytics, will focus on the management of Beecher Carlson’s ZOOM …