Latest Connecticut Headlines

Business Moves

Oct 8 2007 // The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies...

Oct 8 2007 // People The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins...

Conn. Jury Awards $16 Million for Failure to Diagnose Heart Disease

Oct 5 2007 // A Superior Court jury in Bridgeport, Conn. has awarded more than $16 million to the family of a man who died of a heart attack more than a decade ago, an attorney said. The jury made the award to the estate and widow of...

Conn. Drivers Ignore Cell Phone Ban

Oct 2 2007 // More people in Connecticut may be getting snagged by police for chatting on their hand-held cell phones while driving, but state lawmakers worry that not everyone is hanging up. “We are seeing more and more drivers...

Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit

Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...

Health Insurance Tops Conn. Consumer Complaints; P/C Generates 19%

Sep 28 2007 // More than $1 million was recovered on behalf of consumers by the Connecticut Insurance Department’s Consumer Affairs Division during the second quarter, according to Insurance Commissioner Thomas R. Sullivan. The...

Conn. Steps Up Truck Inspections

Sep 18 2007 // Truck inspectors will be fanning out across Connecticut this week to look for safety violations on tractor-trailers and other large commercial trucks in response to another serious crash on Avon Mountain. Thirty inspectors...

State Auto Announces New Affiliation with Patron Mutual Group of Conn.

Sep 13 2007 // Ohio-based State Automobile Mutual Insurance Company recently announced that it has formed a new affiliation agreement with Patrons Mutual Group of Connecticut. Under the agreement, State Automobile Mutual will assume...

Conn. Physicians Sue Insurers, Alleging They Favor Designated Doctors

Aug 16 2007 // A Connecticut physicians group has sued three insurance companies, claiming they steer patients to certain doctors designated as elite to cut costs. In a lawsuit filed in Danbury Superior Court, the Fairfield County...

Start-Up Specialty Insurer in Conn. Completes $279 Million in Funding

Aug 8 2007 // SPARTA Insurance Holdings, Inc. reports that it has closed its contractual arrangements for funding in the amount of $279.1 million of private equity capital from a consortium of investors led by Corsair Capital, and...

People and Places

Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on Sept....

Webster Bank looks to sell Conn.’s largest agency

Aug 6 2007 // Connecticut’s Webster Financial Corp., parent of Webster Bank that owns the state’s largest insurance agency, could be out of the insurance agency business soon. Following a strategic review begun last...

Aug 6 2007 // People The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins...

People

Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on Sept....

Webster Bank looks to sell Conn.’s largest agency

Aug 6 2007 // Connecticut’s Webster Financial Corp., parent of Webster Bank that owns the state’s largest insurance agency, could be out of the insurance agency business soon. Following a strategic review begun last...

Reinsurance Broker BMS Adds Hernandez to Marine Team in Conn.

Jul 27 2007 // BMS, a reinsurance intermediary, has appointed Frank Hernandez as senior vice president for its Marine & Energy team. He will be based in Shelton, Conn. Hernandez was previously at Towers Perrin as head of its Global...

Webster Bank Looking to Sell Conn.’s Largest Insurance Agency

Jul 27 2007 // Connecticut’s Webster Financial Corp., the parent of Webster Bank that owns the state’s largest insurance agency, could be out of the insurance agency business soon. Following a strategic review begun last...

Wholesaler Conn. Underwriters Adds Crawford, Hanebury and Macik

Jul 23 2007 // Wholesale insurance broker Connecticut Underwriters has welcomed Tom Crawford as its new product development manager based in its Middletown, Conn. office. Crawford has 26 years experience in the insurance industry where...

Federal Anti-Terror Funds to Connecticut Increase

Jul 20 2007 // Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said...

Federal Judge Cites Municipal Immunity in Nixing Award Against Conn. Town

Jul 12 2007 // A federal judge has thrown out a $2.5 million jury award against the town of East Haven, Conn. in connection with the police killing of a 21-year-old man in 1997. U.S. District Judge Alvin W. Thompson, in a decision last...