Connecticut News

Measurement of Success

Planning, People and Dedication Equal Success for Top 100 Agency Bollinger Insurance Top 100 Agency Profile Ranking No.: 14 Agency Name: Bollinger Insurance Inc. Headquarters: Short Hills, N.J. Year Founded: 1933 Additional Locations: Princeton, Moorestown, Vineland, N.J.; New York City, …

Former General Re CFO Monrad Sentenced to 18 Months in Prison

The former chief financial officer at a unit of Berkshire Hathaway Inc. was sentenced to 18 months in prison Thursday for her role in a scheme to manipulate American International Group Inc.’s financial statements. Elizabeth Monrad, who was finance chief …

Connecticut Cigarette Theft Estimated at $1M

Connecticut police say that a weekend theft of cigarettes from a Milford warehouse is now estimated to be worth about $1 million. Police say the thieves who broke into Montano Cigarettes, Candy & Tobacco Inc. stole some 15,000 cartons of …

Connecticut Considers More Time for Abuse Victims to Sue

Connecticut lawmakers are considering a bill extending the time given to alleged victims of childhood sexual abuse to file civil lawsuits. Connecticut law currently lets people sue for alleged abuse for 30 years after their 18th birthdays. The new proposal …

PURE Offers Coverage in New York

White Plains, New York-based specialty insurer Privilege Underwriters Reciprocal Exchange (PURE) said it will begin offering property and casualty insurance coverage for owners of high-value homes in New York. The company had previously focused on writing products on Florida and …

New Kansas Law Bans Cell Phone Use by Young Drivers

Many young drivers in Kansas won’t be allowed to use their cell phones while behind the wheel starting next year. Gov. Kathleen Sebelius has signed legislation that restricts cell phone use for some teenage drivers and raises the minimum age …

AIG Executive Defends Multimillion Dollar Bonuses at Connecticut Hearing

An executive at American International Group Inc. defended the insurer’s controversial $165 million in bonuses in a hearing in Hartford, saying the recipients did not create the problems that led to a government bailout and several had resigned following threats. …

Sources Report AIG Execs in Europe Resist Returning Bonuses

AIG executives in Europe are adamant they should not have to return their controversial bonuses and some feel that pressure on them to do so may amount to blackmail, according to a company employee and internal emails. AIG Financial Products …

Olsen Appointed President and COO of Pinnacle Network

Simsbury, Connecticut-based Pinnacle Network, which provides training and automation support for independent agents, has named Ed Olsen as president and chief operating officer. Before becoming a partner in Pinnacle Network in 2004, Olsen served as president of Aetna Information Services …

Connecticut Lawmakers Delay Vote on AIG Bill

The Connecticut House of Representatives is not ready to vote on a bill that would stop companies that received federal assistance, such as American International Group Inc., from awarding bonuses under a state law. Douglas Whiting, a spokesman for Democratic …