Connecticut News

Arbella Expands Carpartment Insurance to Connecticut

The Arbella Insurance Group has expanded Carpartment insurance to Connecticut, via Bearingstar Insurance agents. Designed to help make renter’s insurance policies simpler and more affordable, Carpartment offers discounts to tenants who insure their cars with Arbella. According to Jim Hyatt, …

Minnesota Participating in Insurance Climate Change Survey

Minnesota has joined California, New York, Connecticut and Washington state in requiring insurers to respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners (NAIC). Department of Commerce Commissioner Mike Rothman said his agency …

Tyco: No Proof Eli Lilly Thieves Used Security Report

A security company being sued over the 2010 theft of $60 million worth of pharmaceuticals from a warehouse in Connecticut owned by Indianapolis, Ind.-based Eli Lilly and Co. insists there is no proof the thieves used a report it prepared …

Lawsuit Says Eli Lilly Warehouse Thieves Had Security Report

A federal lawsuit alleges that thieves who broke into a warehouse owned by Indianapolis, Ind.-based Eli Lilly and Co. warehouse years ago and stole more than $60 million worth of drugs obtained a copy of a report that revealed weaknesses …

Conn. Regulators Recovered $2.3M for Policyholders, Taxpayers in Q3

Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut Insurance Department recovered approximately $2.3 million for policyholders and state taxpayers in the third quarter of 2012. The Department’s Consumer Affairs Unit (CAU) fielded more than 1,500 complaints and …

Conn. Gov.: State’s Damage From Superstorm Sandy $360M and Climbing

Connecticut Gov. Dannel P. Malloy says the cost of damage to Connecticut businesses and homes by Superstorm Sandy is more than $360 million and climbing. Malloy tells the Connecticut Post that the sum includes damage in all eight counties and …

Connecticut Well-Positioned to Remain Insurance Capital: Report

The Connecticut insurance sector plays a vital role in the global insurance landscape and the state’s economy — and the state is well-positioned to remain as the U.S. insurance capital, a new report said. Connecticut ranks first nationally in insurance …

Connecticut Seeks Premium Payment Grace Period for Storm Victims

The Connecticut Insurance Department issued a bulletin encouraging insurers to provide “an extended grace period” with regard to premium payments for residences affected by storm Sandy. “Connecticut Insurance Department encourages insurers to use all available means to provide prompt and …

Hurricane Deductibles Will Not Apply for Sandy-Related Claims in Conn.

The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm Sandy. “Please be advised based on information received from the National …

How to Catch Texting Drivers? Conn., Mass. Get $550K Grant to Find Ways

The National Highway Traffic Safety Administration (NHTSA), part of the U.S. Transportation Department, said this month it is providing $550,000 to Connecticut and Massachusetts to help them devise anti-texting enforcement techniques and programs. Each state will receive $275,000 to develop …