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Insurance

CT shares in $5.5M data breach settlement with Nationwide

Patricia Daddona |

Connecticut is sharing with other states a $5.5 million settlement with Nationwide Mutual Insurance Company to resolve claims related to a 2012 data breach, state Attorney General George Jepsen said.

CT docs, Anthem update value-based contract

John Stearns |

Anthem Blue Cross and Blue Shield in Connecticut and Community Medical Group (CMG), an independent practice association of more than 950 physicians based in New Haven, said they have updated and...

Smith Bros. Insurance acquires assets of NJ broker

Patricia Daddona |

Glastonbury insurer Smith Brothers has acquired the assets of Widerman & Company Insurance of Haddonfield, N.J.

The Hartford, Maxwell Health launch digital platform

Patricia Daddona |

The Hartford said it has tapped Boston-based Maxwell Health to launch a new digital benefits administration platform for small- and medium-sized businesses.

Travelers completes $490M UK deal

Patricia Daddona |

The Travelers Cos. has completed its $490 million acquisition of small business insurance carrier Simply Business in the United Kingdom.

Access Health CT chief warns of threats to exchange, ACA

John Stearns |

Connecticut faces negative repercussions from threats to the Affordable Care Act and from the possible loss of the two remaining insurance companies on the state's health insurance exchange, Access...

Travelers CEO Schnitzer adds chairman title

Patricia Daddona |

The Travelers Cos. CEO Alan D. Schnitzer is now chairman of the insurer's board of directors, effective Wednesday, the firm announced.

Report: Buyer eyes The Stag's annuity run-off

Gregory Seay |

A New York City investment firm is in advanced talks to acquire a Hartford Financial Services Group Inc. annuity run-off business for between $3 billion and $3.5 billion, Reuters News Service reports.

The Hartford posts 2Q loss on pension deal

Greg Bordonaro |

The Hartford said Thursday it lost $40 million in the second quarter, driven by a charge the company took for transferring more than a quarter of its $5.6 billion in U.S. qualified pension plan...

Travelers' 2Q net drops 10%

Patricia Daddona |

The Travelers Cos. posted a 10 percent decline in profits in a second quarter marked by higher catastrophe losses from hail and tornado activity and a lower underlying underwriting gain.

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