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Doctors Indicted For Medicaid Fraud

by The Commercial Record | Jul 28, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A federal grand jury in Bridgeport indicted two doctors on charges of narcotics distribution, health care fraud and money laundering offenses.

Markel To Buy State National For $919M

by Reuters | Jul 26, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

U.S. insurer Markel Corp. said on Wednesday it would buy property and casualty insurer State National Companies Inc. for about $919 million.

Baystate Financial And New England Financial Group Announce Merger

Baystate Financial And New England Financial Group Announce Merger

by The Commercial Record | Jul 20, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

Baystate Financial announced Wednesday its merger with New England Financial Group of West Hartford, CT.

Connecticut Unions Agree To Givebacks, Want Wealthy Taxed

by The Associated Press | Jul 19, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Unionized state employees overwhelmingly approved a labor concessions package that’s projected to save $1.5 billion over two years, but made it clear yesterday that they believe Connecticut’s wealthiest should also step up and help solve the budget crisis.

State Sues Norwalk Doctor For Medicaid Fraud Allegations

by The Commercial Record | Jul 19, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

The suit alleges that Dr. Ramil Mansourov billed Connecticut’s Medicaid program for millions of dollars in services that were never provided to his Medicaid patients and further defrauded the program by falsifying his income information in order to obtain Medicaid benefits for himself and his two children.

Windsor Woman Stole $250K From Ailing Employer

by The Commercial Record | Jul 12, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A Connecticut woman who stole more than $250,000 from her Massachusetts employer – even as he struggled with dementia and cancer – has been sentenced to nearly two years in prison.

Bloomfield’s Cigna Buys Zurich Insurance Middle East

by The Commercial Record | Jul 12, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Cigna has recently announced the acquisition of general insurer, Zurich Insurance Middle East. The acquisition, which was successfully completed in June, marks the beginning of a new phase of operations for Cigna in the Middle East.

Biotech Companies Begin Pharma Research In Branford

Biotech Companies Begin Pharma Research In Branford

by The Commercial Record | Jul 7, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News, Insurance

Several biotech companies have leased space on Branford’s Business Park Drive.

Two Men Convicted Of Staging Car Accidents In Insurance Fraud Scheme

by The Commercial Record | Jun 16, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Two men were recently found guilty of fraud and conspiracy offenses related to their staging of car accidents for the purpose of defrauding automobile insurance companies.

Stamford Dentist Reaches Settlement To Resolve Alleged False Claims Act Violations

by The Commercial Record | Jun 7, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A Stamford-based dentist recently reached a settlement resolving allegations that he engaged in a long-running and substantial scheme to submit false claims for dental services provided to residents of long-term care facilities in the state.

Norwalk PT Sentenced For Obstruction, Tax Fraud

by The Commercial Record | Jun 6, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News, Insurance

A Norwalk physical therapist was recently sentenced for obstruction and tax fraud offenses.

Bristol Woman Convicted On 23 Counts Of Health Care Fraud

by The Commercial Record | Jun 1, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A Bristol woman was recently convicted of defrauding the Medicaid program.

Aetna In Talks To Move Its Headquarters Out Of Connecticut

by The Associated Press | Jun 1, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna announced Wednesday that it is in negotiations to move its headquarters out of Connecticut’s capital, where it has been based for almost two centuries.

Health Insurance Hearings To Be Held In Hartford

by The Commercial Record | May 31, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Insurance Commissioner Katharine L. Wade recently announced that the department has officially notified health insurers that their health rate requests for 2018 will be the subject of public hearings on June 14.

Attorney Sentenced To 3 Years For STOLI Scheme

by The Commercial Record | May 26, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

An attorney from Trumbull was recently sentenced to three years in federal prison for participating in a life insurance fraud scheme.

Global Biotech Firm Expands In Old Saybrook

Global Biotech Firm Expands In Old Saybrook

by The Commercial Record | May 22, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News, Insurance

A biotech firm recently inked a five-year lease in Old Saybrook.

Home Foundations Near Willington At Risk

by The Associated Press | May 15, 2017 | CR Daily, Executive Briefing, Industry News, Insurance, Residential Real Estate

A growing number of home foundations in central and northeastern Connecticut are failing because of the presence of pyrrhotite.

Pharmaceutical Company Invests Business In Windsor

Pharmaceutical Company Invests Business In Windsor

by The Commercial Record | May 10, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News, Insurance

SCA Pharmaceuticals, an Arkansas-based company, has announced it will move into a 90,000-square-foot manufacturing facility in Windsor.

Former Fairfield Attorney Sentenced For Taking More Than $900K From Clients

by The Commercial Record | May 10, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News, Insurance

A former attorney was recently sentenced to three years in prison for defrauding clients of more than $900,000.

Morris Woman Imprisoned For Health Care Fraud

Morris Woman Imprisoned For Health Care Fraud

by The Commercial Record | May 9, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A Morris was woman was recently sentenced to 10 months in federal prison for health care fraud.

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