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MA Bank Launches Insurance Subsidiary in Partnership with Insuritas

by The Commercial Record | Jul 30, 2021 | Banking & Lending, CR Daily, Industry News, Insurance

Massachusetts-based Martha’s Vineyard Bank this month partnered with East Windsor-based digital insurance platform Insuritas to launch Vineyard Sound Insurance, offering personal, commercial and ancillary insurance services to the bank’s customers.

Aflac to Administer Paid Leave Program; Company Will Bring 150 Jobs to Windsor

Aflac to Administer Paid Leave Program; Company Will Bring 150 Jobs to Windsor

by The Commercial Record | Jul 29, 2021 | CR Daily, Industry News, Insurance

Aflac has been named as the claims administrator for the recently established Connecticut Paid Leave Authority. The Georgia-headquartered company plans to open new offices in Windsor.

Covr Names New President

Covr Names New President

by The Commercial Record | Apr 6, 2020 | Banking & Lending, CR Daily, Industry News, Insurance

Hartford-based Covr Financial Technologies announced that Ron Alexander has been appointed as president and head of innovation.

Hartford Insurtech Hires New Head of Sales

Hartford Insurtech Hires New Head of Sales

by The Commercial Record | Jan 24, 2020 | Banking & Lending, CR Daily, Industry News, Insurance

Hartford-based Covr Financial Technologies announced that Jim Gothers has been appointed as head of national sales for its financial institution business.

The Hartford to Limit Insurance for Fossil Fuel Companies

The Hartford to Limit Insurance for Fossil Fuel Companies

by The Associated Press | Jan 3, 2020 | CR Daily, Industry News, Insurance

A major insurer is limiting its coverage of companies in the fossil fuel business, citing concerns about climate change.

Disaster Coverage is a Disaster for Most

by Lew Sichelman | Nov 28, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

Many – if not most – homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies. 

Judge: Stamford Insurer Doesn’t Have to Pay in Boat Sinking Case

Judge: Stamford Insurer Doesn’t Have to Pay in Boat Sinking Case

by The Associated Press | Nov 5, 2019 | Commercial & Industrial, CR Daily, Industry News, Insurance

A man at the center of an inheritance dispute contributed to the 2016 sinking of the boat from which his mother was lost at sea, a federal judge ruled Monday.

Judge: Stamford Insurer Doesn’t Have to Pay in Boat Sinking Case

Nathan Carman Insurance Trial Comes to Close

by The Associated Press | Sep 5, 2019 | CR Daily, Industry News, Insurance

Whether the Vermont man whose mother was never seen again after their boat sank during a fishing trip in 2016 is compensated by his insurers for the loss of the vessel is in a judge’s hands.

Covr Names New President

Hartford Insuretech Firm Names New CEO

by The Commercial Record | Sep 4, 2019 | CR Daily, Industry News, Insurance

A Hartford-based provider of cloud-based software products for the insurance industry has appointed a new CEO.

Witness in Insurance Trial: Carman’s Boat Unseaworthy After Modifications

Witness in Insurance Trial: Carman’s Boat Unseaworthy After Modifications

by The Associated Press | Aug 15, 2019 | CR Daily, Industry News, Insurance

A marine surveyor says modifications that Nathan Carman made to his boat before a fishing trip with his mother would have made the vessel unseaworthy.

Protection From Omissions and Errors

Protection From Omissions and Errors

by Bram Berkowitz | Aug 15, 2019 | Banking & Lending, In Person, Industry News, Insurance

As the world grows more complex, financial institutions require more types of insurance for various myriad cybersecurity issues. Justin Kesner, a senior vice president of the legal professional liability division at national brokerage Amity Insurance, is here to help.

Judge: Stamford Insurer Doesn’t Have to Pay in Boat Sinking Case

Trial Begins Over Insurance for ‘Suspicious’ Boat Sinking

by The Associated Press | Aug 13, 2019 | CR Daily, Industry News, Insurance

A civil trial getting underway in Providence will determine whether insurance companies should cover Nathan Carman’s $85,000 claim for his boat that sank off New England in 2016.

Health Insurance Reform Takes Center Stage at Democratic Debate

Health Insurance Reform Takes Center Stage at Democratic Debate

by The Associated Press | Jul 31, 2019 | CR Daily, Industry News, Insurance

The signature domestic proposal by the leading progressive candidates for the Democratic presidential nomination came under attack from moderates in a debate that laid bare the struggle between a call for revolutionary health insurance policies and a desperate desire to defeat President Donald Trump.

Lawsuit Alleges West Hartford ‘Fintech Village’ Developer Ideanomics Misled Investors

Lawsuit Alleges West Hartford ‘Fintech Village’ Developer Ideanomics Misled Investors

by Steve Adams | Jul 25, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Executive Briefing, Insurance, Residential Real Estate

A class action lawsuit alleges that executives of the company proposing a $283 million “Fintech Village” in West Hartford made false and misleading statements to investors about the company’s prospects and inflated its stock price.

Could Coastal Mansions Become Eligible for Disaster Aid?

Could Coastal Mansions Become Eligible for Disaster Aid?

by The Associated Press | Jul 22, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along Long Island Sound are poised to become eligible for taxpayer-funded disaster aid.

Title Professionals Say Peers’ Due Diligence ‘Could Be Better’

by The Commercial Record | Jul 15, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

Title professionals say their top challenge is too many responsibilities with not enough time to perform those responsibilities, according to a new report.

Blumenthal: Proposed Insurance Rates Are Unaffordable

by The Associated Press | Jul 15, 2019 | CR Daily, Industry News, Insurance

U.S. Sen. Richard Blumenthal says proposed health insurance rate increases in Connecticut are unaffordable.

University of New Haven Granted $4M for Cybersecurity Scholarships

by The Commercial Record | Jul 11, 2019 | Banking & Lending, CR Daily, Industry News, Insurance

The University of New Haven received a $4 million National Science Foundation grant to create Connecticut’s first CyberCorps Scholarship for Service program.

Hartford Insuretech Bought by Investment Firm

Hartford Insuretech Bought by Investment Firm

by The Commercial Record | Jun 24, 2019 | CR Daily, Industry News, Insurance

Insurity Inc., one of the leading software platforms for the property and casualty insurance industry, announced it is being acquired for an undisclosed sum by private investment firm GI Partners, a middle-market alternative asset manager.

Insurance Company Fined $152K

by The Commercial Record | May 1, 2019 | CR Daily, Industry News, Insurance

A Pennsylvania-based insurer was recently fined $152,000 for breaches of Connecticut insurance laws.

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