Latest Connecticut Headlines

Home Depot, Conn. Insulation Firm Settle R.I. Nightclub Fire Claims

Nov 2 2007 // Home Depot Inc. and a Connecticut insulation company have tentatively agreed to a $5 million settlement in lawsuits brought by survivors of a 2003 Rhode Island nightclub fire and relatives of the 100 people killed, a...

Insurer for Norwich, Conn. Diocese Settles Another Abuse Case

Oct 30 2007 // Bishop Michael Cote of the Diocese of Norwich, Conn. says a settlement of $170,000 will be paid to a Pawcatuck man who claims he was molested by a priest in a Stonington church. The word of the settlement came in a letter...

News Currents

Oct 27 2007 // Conn. AG alleges reinsurance antitrust conspiracy drives-up prices A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely...

Judge Cuts $12 Million Award to Conn. Man in GE Job Bias Case

Oct 25 2007 // A federal judge has cut $5 million from a more than $12 million jury award that found General Electric discriminated against and illegally fired a chief engineer. Fifty-three-year-old Hemant Mody of Avon, Conn. never saw...

Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices

Oct 9 2007 // A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business. Connecticut Attorney General Richard...

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...

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....