Industry News
W.R. Berkley Declares 6 Cent Dividend
February 25, 2009 | Reprints | Unlock LinkThe board of directors of Greenwich insurance holding company W.R. Berkley Corp. has declared a quarterly cash dividend on its common stock of $.06 per share.
Individual Life Down, Fixed Annuities Up In ’08
February 25, 2009 | Reprints | Unlock LinkNew annualized premium for individual life insurance dropped 14 percent in the fourth quarter of 2008, while fixed annuity sales soared 79 percent in the same period, according to new research from Windsor insurance researcher LIMRA.
Gabelli Joins Board Of Co. Formerly Bearing His Name
February 25, 2009 | Reprints | Unlock LinkJohn D. Gabelli has joined the board of directors of Greenwich-based GGCP Inc., formerly Gabelli Group Capital Partners Inc., a private investment firm.
Dodd ‘Agnostic’ On Expanding Fed Powers
February 25, 2009 | Reprints | Unlock LinkSen. Christopher Dodd, chairman of the Senate Banking Committee, said Wednesday that he is “agnostic” about expanding the Federal Reserve’s supervisory powers but has concerns about its ability to adequately protect consumers.
Judge Dismisses UConn Law Library Lawsuit
February 25, 2009 | Reprints | Unlock LinkA judge has dismissed the state’s lawsuit against contractors involved in the building of the University of Connecticut law school library, saying the state waited too long.
Former Norwich Alderman Convicted Of Embezzlement
February 25, 2009 | Reprints | Unlock LinkA former Norwich alderman has pleaded no contest to embezzling from the local Little League and a veterans nonprofit organization.
Lawmakers To Vote On Deficit Plan
February 25, 2009 | Reprints | Unlock LinkConnecticut lawmakers are set to vote on the third plan to eliminate this fiscal year’s stubborn budget deficit, now estimated to be nearly $1 billion.
Conn. Considers Expanding Foreclosure Help
February 25, 2009 | Reprints | Unlock LinkConnecticut lawmakers may extend state mortgage assistance programs to more homeowners facing possible foreclosure as the problem broadens across the state.
PCR Gives Madison Offices Top Honors
February 24, 2009 | Reprints | Unlock LinkPrudential Connecticut Realty’s Madison offices have been named the company’s Connecticut and Rhode Island “office(s) of the year.”
CHFA Fetches $40M For Stamford Apt. Complex
February 24, 2009 | Reprints | Unlock LinkNewbury Commons, a 261-unit apartment complex at 1450 Washington Blvd. in Stamford, has been sold by the Connecticut Housing Finance Authority (CHFA) for $40 million, or roughly $153,000 per unit.
Wallingford Industrial Property Sells For $3.8M
February 24, 2009 | Reprints | Unlock LinkA 52,000-square-foot, fully leased industrial building at 34 Barnes Industrial Road South in Wallingford has been sold for $3.8 million.
Conn. Mortgage Rates Hold Steady
February 24, 2009 | Reprints | Unlock LinkThe average 30-year mortgage rate in Connecticut stood at 5.2 percent last week, unchanged from the week prior, according to online mortgage tracker Zillow.
W.R. Berkley Forms Transportation Liability Unit
February 24, 2009 | Reprints | Unlock LinkGreenwich insurance holding company W. R. Berkley Corp. has formed a new division of Carolina Casualty Insurance Group which will specialize in underwriting transportation excess liability insurance, the company said.
Middletown PCR’s Bitondo In Top 3 For Service
February 24, 2009 | Reprints | Unlock LinkLaura Bitondo, a sales agent with Prudential Connecticut Realty’s Middletown office, has been recognized as the number three “Service Award” winner in the company’s central region for 2008.
Naugatuck Woman Sentenced For Plotting Bank Heist
February 24, 2009 | Reprints | Unlock LinkA 22-year-old Naugatuck woman has been sentenced to 15 months in prison for plotting to rob the bank where she worked as a teller.
W. R. Berkley Opens New Farm Insurance Co. In Iowa
February 23, 2009 | Reprints | Unlock LinkGreenwich-based W. R. Berkley Corp. has formed Berkley Agribusiness Risk Specialists, a new division of Continental Western Group LLC, to serve customers in regional grain storage and marketing, grower-packer-shippers, and food and beverage distribution, among others.
W.R. Berkley Creates Health Division Within Subsidiary
February 23, 2009 | Reprints | Unlock LinkGreenwich insurance holding co. W. R. Berkley Corp. has created a new division of Admiral Insurance Group LLC that will focus on allied health and related risks on a program basis.
William Pitt’s Madison Office Donates $1,000 To Local Hospice
February 23, 2009 | Reprints | Unlock LinkThe Madison office of William Pitt Sotheby’s International Realty (WPSIR) recently made a $1,000 donation to Hospice in Branford.
NewAlliance Appoints New Marketing Chief
February 23, 2009 | Reprints | Unlock LinkNew Haven-based NewAlliance Bank, a wholly-owned subsidiary of NewAlliance Bancshares, has appointed Mark Gibson executive vice president and chief marketing officer.
CBIA Exec Says Read History’s Lips – No New Taxes
February 23, 2009 | Reprints | Unlock LinkState lawmakers need to “heed the lessons of history,” and avoid raising taxes on employers if the state is to recover from its current position, according to Bonnie Stewart, vice president of government affairs for the Connecticut Business & Industry Association (CBIA).
