Connecticut News

It Figures

$475,000 Amount spent on state lobbyists in Massachusetts by Commerce Insurance Group in the first six months of 2008 – making it the largest single spender on lobbying in that time frame. The expenditures come as the state’s largest auto …

People

Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

Ratings Recap: Hanover, Assurant, Wadena/IMT, Berkshire Hathaway, Finial

A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance business. Best said it sees no change in any …

Genesis Underwriting Promotes 3 Execs: Eaton, Williams, Hogan

Genesis Underwriting Management Co. in Stamford, Conn. has named Jill L. Eaton to be manager of the Public Entity Division. Eaton will also continue to lead the division’s Western Region. The Public Entity Division provides insurance to governmental entities, schools, …

Doha Round Talks on Global Trade Fail to Reach Agreement

Marathon talks for a new global trade deal collapsed Tuesday after a clash over agriculture between the United States, the world’s biggest economy, and emerging heavyweights. The breakdown came on the ninth day as the United States and India failed …

Senate Banking Committee Urged to Back Federal Insurance Regulation

The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At a Senate Banking Committee hearing to consider creating an optional federal charter …

Connecticut Fines CNA Insurance Group $96K

The Connecticut Insurance Department has fined subsidiaries of CNA Insurance Group a total of $96,000 for violations of state law. The fines were assessed to CNA’s subsidiaries for alleged violations of laws regarding licensing and appointments of agents, loss of …

Beckerman Named COO of Maritime General Agency

Westbrook, Connecticut-based Maritime General Agency has hired Sylvia Beckerman as chief operating officer. Beckerman’s responsibilities include daily oversight of all operational segments of MGA’s various business units including underwriting, broker services, processing, carrier relations and technology. She joins MGA with …

Medical Group, West Virginia Gov. Anger DuPont Plaintiffs in $400M Verdict

The plaintiffs who won a nearly $400 million verdict against DuPont say West Virginia Gov. Joe Manchin and that state’s Medical Association should butt out of the appeal. DuPont lost a lawsuit over its handling of pollution and health threats …