Insurance
Head of Crumbling Foundations Fund Says $1B Needed
By The Associated Press | October 25, 2018 | Reprints | Unlock LinkThe 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 | October 25, 2018 | Reprints | Unlock LinkA 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
October 12, 2018 | Reprints | Unlock LinkDavid 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
By Bram Berkowitz | October 4, 2018 | Reprints | Unlock LinkFor 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
August 30, 2018 | Reprints | Unlock LinkTwo buildings on Post Road East in Westport were sold to a Colorado-based investor for $1.25 million.
Senator Asks for Insurance Merger Reviews
August 17, 2018 | Reprints | Unlock LinkIowa’s senator has raised concerns about proposed mergers involving Connecticut insurers, the Hartford Business Journal reports.
Travelers CFO to Step Down; Successor Named
August 9, 2018 | Reprints | Unlock LinkThe 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
By Steve Adams | Commercial Record Staff | August 2, 2018 | Reprints | Unlock LinkShe’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
June 29, 2018 | Reprints | Unlock LinkA 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
June 26, 2018 | Reprints | Unlock LinkA Norwalk doctor has pleaded guilty to drug distribution and health care fraud offenses.
Ion Insurance Expands in Cheshire
June 22, 2018 | Reprints | Unlock LinkIon 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 | June 22, 2018 | Reprints | Unlock LinkDr. 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
By Reuters | June 18, 2018 | Reprints | Unlock LinkThe 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 | June 12, 2018 | Reprints | Unlock LinkFederal 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 | June 11, 2018 | Reprints | Unlock LinkAt 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
June 4, 2018 | Reprints | Unlock LinkEye and Vision LLC has inked a lease in Wallingford.
Torrington Man Sentenced for Health Care Fraud
May 25, 2018 | Reprints | Unlock LinkA 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 | Reprints | Unlock LinkConnecticut 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
May 18, 2018 | Reprints | Unlock LinkProHealth 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
May 17, 2018 | Reprints | Unlock LinkThe 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.