Connecticut News

Ex-General Re Chief Ferguson Sentenced 2 Years for Fraud

A former insurance executive was sentenced to two years in prison Tuesday for a scheme that prosecutors said allowed the American International Group to manipulate its financial statements through a sham reinsurance deal eight years ago. Ronald Ferguson, a former …

Lockton Combines Connecticut and New York Teams

Privately held insurance broker Lockton Cos. said it has combined its Manhattan and Connecticut offices into a single team that will focus its efforts on the entire Northeast region. Lockton said its newly combined Northeast team would offer clients access …

Farmers Insurance Ranks Most Secure Places to Live; Northwest Tops List

Those seeking a place to live, work or raise a family in a safe and secure environment should consider the Pacific Northwest, according to the fifth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. …

Connecticut Taxis Have Unusually High Crash Rates

A report says Connecticut’s taxi industry has unusually high crash rates, inconsistent inspection standards and unpredictable fares. The legislature’s Program Review & Investigations Committee report concluded that the taxi crash rate in the state is quadruple that of passenger vehicles. …

S.H. Smith & Company Launches Bus Program Website

Company enhances Customer Service through new Bus Website Hartford, CT – S.H. Smith & Company, Inc. is proud to announce the launch of its new website: http://www.shsmithbus.com. Developed to augment its expanding Charter Bus Program, this site will serve as …

Economic Crisis Leaves States Less Ready to Handle Disasters

Progress made to better protect the country from disease outbreaks, natural disasters, and bioterrorism is now at risk, due to budget cuts and the economic crisis, according to a new report. The report concludes that major gaps remain in many …

PURE to Offer Personal Lines Coverage in Connecticut

White Plains, New York-based Privilege Underwriters Reciprocal Exchange (PURE) said it has received approval from the State of Connecticut Insurance Department sell homeowners’ insurance and other personal lines of insurance coverage throughout the state, including its coastal communities. The company, …

New York’s Seward to Head Insurance Legislators Group

Study: Flood Program Premiums Do Not Adequately Reflect Flood Risk

Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …

IES Offers Errors & Omissions Package Policy for Technology Professionals

Indemnity Excess & Surplus Agency of Beaverton, Ore., is offering a product that combines professional liability and general liability into one policy for technology service providers. The single policy includes separate coverage sections for errors and omissions and professional office …