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 …
Hartford Financial Services Group Inc. said Friday it has taken $3.4 billion of federal bailout money, the maximum it was authorized to accept, to bolster capital in the wake of large investment losses. The Hartford, Connecticut-based company is one of …
The U.S. Supreme Court overruled President Barack Obama’s high court nominee Sonia Sotomayor Monday in an important race discrimination case, but the White House remained confident she would be approved. The court’s 5-4 ruling held that the city of New …
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, …
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 …
A provision that would release future owners of General Motors for product liability on cars sold prior to the company’s bankruptcy is being challenged by the attorneys general of eight states. GM’s bankruptcy filing, now working its way through a …
Connecticut officials were repeatedly warned about the dangers posed by a chimpanzee that later mauled and blinded a woman and were urged — more than three years before the attack — to take action, but failed to do so, according …
A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from ‘C-‘ (Weak) and issuer credit rating to “c” from “ccc-” of Florida-based Argus Fire & Casualty Insurance Company, both with negative outlooks. “These rating actions reflect Argus’ …
A Rhode Island man has pleaded guilty to fraud and tax evasion charges involving the theft of furniture from The Hartford insurance company. Thirty-five-year-old Michael Young of Coventry, R.I., pleaded guilty Wednesday to charges stemming from a kickback scheme with …
A former business executive was sentenced Tuesday to two years of probation for his role in an accounting scandal that cost shareholders of insurer American International Group Inc. more than $500 million. John Houldsworth, the former chief executive officer of …
