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Head of Crumbling Foundations Fund Says $1B Needed

by The Associated Press | Oct 25, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn’t have enough money to address the problem. Michael Maglaras said he hopes to secure funding...

Man Pleads Not Guilty in Slaying of Insurance Executive

by The Associated Press | Oct 25, 2018 | CR Daily, Industry News, Insurance

A convicted sex offender charged with fatally stabbing an insurance company executive while she was running on a trail has pleaded not guilty.

New President and CEO of LIMRA, LOMA and LL Global Named

New President and CEO of LIMRA, LOMA and LL Global Named

by The Commercial Record | Oct 12, 2018 | CR Daily, Industry News, Insurance

David Levenson has been named the next president and CEO of LL Global, the parent company of life insurance and financial services companies LIMRA and LOMA. Levenson succeeds Robert Kerzner, who is retiring after 14 years in the position.

Insuring the Liquor Business

Insuring the Liquor Business

by Bram Berkowitz | Oct 4, 2018 | In Person, Industry News, Insurance

For the last three decades, Richard Welch has held a variety of roles in the insurance industry in Massachusetts and Connecticut.

Westport Industrial Buildings Sold to Investor for $1.25M

Westport Industrial Buildings Sold to Investor for $1.25M

by The Commercial Record | Aug 30, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

Two buildings on Post Road East in Westport were sold to a Colorado-based investor for $1.25 million.

Senator Asks for Insurance Merger Reviews

by The Commercial Record | Aug 17, 2018 | CR Daily, Industry News, Insurance

Iowa’s senator has raised concerns about proposed mergers involving Connecticut insurers, the Hartford Business Journal reports.

Travelers CFO to Step Down; Successor Named

Travelers CFO to Step Down; Successor Named

by The Commercial Record | Aug 9, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

The Travelers Cos. Inc. announced earlier this week that Jay S. Benet will step down from his role as CFO, effective Sept. 1. Benet, who has held the position since 2002, will remain on the senior leadership team as vice chairman.

A Fast Track To Leadership At CREW-CT

A Fast Track To Leadership At CREW-CT

by Steve Adams | Aug 2, 2018 | In Person, Industry News, Insurance

She’s only been a member for five years, but Lisa Lugauskas is on a fast track to leadership at Connecticut’s largest organization for women in the commercial real estate industry.

Former New Canaan Residents Charged with Health Care Fraud

by The Commercial Record | Jun 29, 2018 | CR Daily, Industry News, Insurance

A married couple formerly of New Canaan was charged with health care fraud that cost victim health care programs $1.5 million in losses.

Norwalk Doctor Pleads Guilty to Drug Distribution, Health Care Fraud Offenses

by The Commercial Record | Jun 26, 2018 | CR Daily, Industry News, Insurance

A Norwalk doctor has pleaded guilty to drug distribution and health care fraud offenses.

Ion Insurance Expands in Cheshire

Ion Insurance Expands in Cheshire

by The Commercial Record | Jun 22, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

Ion Insurance Corp. has completed the move to a new location at 1520 Highland Ave. in Cheshire.

Head of New US Corporate Health Plan Cites Surgery as Biggest Cost

by Reuters | Jun 22, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

Dr. Atul Gawande, a surgeon who was named this week to head the company being formed by Amazon, Berkshire Hathaway and JPMorgan Chase to trim employee health care costs, on Thursday cited surgery as the single biggest U.S. health care cost and said there are ways to both cut costs and improve patient care.

US Tax Reform Rewards Companies that Shift Profit to Tax Havens

US Tax Reform Rewards Companies that Shift Profit to Tax Havens

by Reuters | Jun 18, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

FEMA Assessing Tornado Damage in Connecticut

by The Associated Press | Jun 12, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

Federal Emergency Management Agency officials on Monday began assessing damage from a tornado and a macroburst that hit Connecticut during severe storms last month, a process that could lead to federal aid.

Fed Up with Rising Costs, Big US Firms Dig into Health Care

by Reuters | Jun 11, 2018 | CR Daily, Industry News, Insurance

At its Silicon Valley headquarters, network gear maker Cisco Systems Inc. is going to unusual lengths to take control of the relentless increase in its U.S. health care costs.

Optometrist Joins Wallingford Offices

Optometrist Joins Wallingford Offices

by The Commercial Record | Jun 4, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

Eye and Vision LLC has inked a lease in Wallingford.

Torrington Man Sentenced for Health Care Fraud

by The Commercial Record | May 25, 2018 | CR Daily, Industry News, Insurance

A Torrington man involved in a medical scheme has been sentenced for committing health care fraud.

Federal Reserve: State Spent Almost 1 Percent of Expenditures on Opioid Crisis

by Bram Berkowitz | May 18, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

Connecticut spent almost 1 percent of total state government expenditures on costs associated with the opioid crisis in fiscal year 2015.

ProHealth Settles Allegations on ADA Violations

by The Commercial Record | May 18, 2018 | CR Daily, Industry News, Insurance

ProHealth Physicians Inc. and Udolf 631 LLC have reached a settlement with the state to resolve allegations that a ProHealth office in West Hartford was not in compliance with the ADA Act.

State Allows Insurance Companies to Utilize Out-Of-State Adjusters to Expedite Claims

by The Commercial Record | May 17, 2018 | CR Daily, Industry News, Insurance

The Connecticut Insurance Department has activated its emergency adjuster program that allows insurance companies to quickly register their out-of-state adjusters and bring them into the state to help with claims of property and auto damage.

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