Liberty Mutual pays state $2 million

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Liberty Mutual has agreed to settle allegations of bid rigging leveled against it in 2006 by the state. Though its actions apparently inflated prices in the market for all consumers, Attorney General Richard Blumenthal said consumers won’t get any money back, instead the $2 million will go into the state’s General Fund. Here’s the AG’s […] [Read More]
Categories: General

Malloy keeps Pitkin at Banking

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Governor-elect Dan Malloy announced Tuesday that he intends to keep State Department of Banking Commissioner Howard Pitkin on the job. Here’s the full release. (HARTFORD, CT) – Governor-Elect Dan Malloy announced that he has chosen to reappoint Howard Pitkin to be the commissioner of the Connecticut Department of Banking. Commissioner Pitkin has lead the department […] [Read More]
Categories: General

People’s United consolidates insurance agencies

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People’s United Financial Inc. said Tuesday morning it is consolidating its insurance agencies into a single unit called People’s United Insurance Agency. Daniel Casey, former president and chief executive of Chittenden Insurance has been tapped to lead the Bridgeport-based bank’s insurance division. The bank said as of Jan. 1, 2011, R.C. Knox, Beardsley, Brown and […] [Read More]
Categories: General

GE engine still in it for F-35

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GE’s engine for the F-35 jet fighter will remain alive after Congress agreed to continue funding it as part of a continuing budget resolition. Pratt & Whitney is the main engine provider for the F-35, but GE was devoloping a back-up engine with Rolls Royce. The Pentagon wants to discontinue the GE program. Bloomberg News […] [Read More]
Categories: General

NewAlliance First Niagara to drop 50 jobs

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NewAlliance Bancshares and First Niagara Financial said Monday if their merger is completed 50 jobs will be cut and the new bank will have a $1 billion loan fund for community reinvestment. The proposed merger has come under fire from the Mayor of New Haven and outgoing Attorney General Richard Blumenthal. The pair have expressed […] [Read More]
Categories: General