The number of consumer complaints against Connecticut
utilities increased last year after four consecutive years
of decreases, according to an annual scorecard released
Monday by state regulators.
The Department of Public Utility Control investigated
3,900 customer complaints in 2006, a 27 percent increase,
the agency said.
The largest increases were for electricity and natural gas utilities.
Cable companies saw a slight increase, as well.
Total complaints against telephone and regulated water
companies decreased last year, the DPUC said.
Common consumer complaints were over power failures,
billing and termination, and quality of service.
ING Unit Realigns 2 Operations
ING US Financial Services, part of the Dutch ING Group,
said Monday it has realigned its U.S. retirement savings
and insurance operations and named Hartford-based
executives to head the resulting two units.
The aim is to help consumers create a retirement savings
plan that integrates their 401(k) or similar plan in the
workplace with their investments outside work, ING said.
ING sells defined contribution plans, such as 401(k)s,
annuities, life insurance, mutual funds, direct banking
and other products.
Kathleen A. Murphy, who was group president of U.S.
worksite and institutional financial services, is now
chief executive officer of U.S. Wealth Management.
The unit includes the defined contribution plans and
retail annuity business.
Catherine H. Smith, who was president of ING U.S. retail
financial services, is now chief executive of U.S.
Insurance. The unit includes life insurance, employee
benefits, and group reinsurance businesses.
The realignment doesn't bring job cuts and "reinforces the
importance of Hartford in our U.S. business," company
spokesman Phil Margolis said.
Travelers Completes Sales Of 2 Businesses
The Travelers Cos. Inc. said Monday it has completed the
previously announced sales of its Mexican surety company
and Mendota Insurance Co., but did not disclose the price
of either deal.
Mendota, which is based in St. Paul, Minn., and writes
non-standard auto insurance in 20 states, was sold to a
subsidiary of Kingsway Financial Services Inc.
Travelers said Kingsway plans to retain all of Mendota's
employees in their current locations, and Mendota's
management will continue to lead the organization.
Travelers also completed the sale of a surety company,
Afianzadora Insurgentes, S.A. de C.V., to Estrainver S.A.
de C.V., a Mexican holding company.
From staff reports
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