Insurance Journal » Connecticut

Tyco: No Proof Eli Lilly Thieves Used Security Report

Wed, 10 Apr 2013 16:01:08 +0000

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 …

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Lawsuit Says Eli Lilly Warehouse Thieves Had Security Report

Thu, 04 Apr 2013 05:53:55 +0000

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 …

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

Wed, 21 Nov 2012 16:26:22 +0000

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 …

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

Fri, 16 Nov 2012 17:45:27 +0000

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 …

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Connecticut Well-Positioned to Remain Insurance Capital: Report

Wed, 14 Nov 2012 17:00:55 +0000

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 …

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Connecticut Seeks Premium Payment Grace Period for Storm Victims

Thu, 01 Nov 2012 15:55:14 +0000

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 …

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

Wed, 31 Oct 2012 17:10:11 +0000

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 …

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

Wed, 24 Oct 2012 18:25:37 +0000

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 …

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Conn. Regulators Weigh Workers’ Comp Rate Hike Proposal

Tue, 23 Oct 2012 16:56:18 +0000

Connecticut Insurance Commissioner Thomas Leonardi announced a 30-day public comment period on the National Council On Compensation Insurance (NCCI) voluntary loss cost and assigned risk rate filing. NCCI is proposing that the insurance department approve a +7.1 percent change to …

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Conn. Workers’ Comp Second Most Expensive in Nation: Study

Fri, 19 Oct 2012 16:58:40 +0000

Connecticut employers in the volunteer market pay, on average, the second-highest workers’ compensation premium rates in the country, according to a recent study. Connecticut’s premium rate index, according to the study, is $2.99 per $100 of payroll, or 159 percent …

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NCCI Recommends Conn. WC Loss Costs and Rates Increases

Tue, 09 Oct 2012 16:37:37 +0000

The National Council on Compensation Insurance recently filed a proposal for workers’ comp loss costs and rates increases in Connecticut.The NCCI is proposing that the Connecticut regulators approve a +7.1 percent change to the current voluntary loss costs, which went …

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Heavy Rains Trap Connecticut Shoreline Residents in Cars, Homes

Mon, 01 Oct 2012 15:43:32 +0000

Quick, heavy rains have led to flash flooding along Connecticut’s shoreline, trapping some residents in their cars, homes and businesses. West Haven Center District Fire Chief James O’Brien tells the New Haven Register his department used rowboats last Friday to …

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Connecticut Attracts Its Second Captive Insurer

Mon, 17 Sep 2012 16:23:46 +0000

Connecticut Governor Dannel Malloy announced last week that Stanley Black & Decker is moving its captive insurance subsidiary, SBD Insurance, Inc., from Vermont to Connecticut, establishing the state’s second captive insurer. Stanley Black & Decker is a New Britain, Conn.-headquartered …

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Conn. WCC Report Highlights Upgrades, Shortened Hearing Backlogs

Wed, 05 Sep 2012 16:59:52 +0000

Connecticut Workers’ Compensation Commission issued its annual report on Sept. 1. The Commission touted a number of accomplishments for the fiscal year 2012, including: providing more effective and efficient services; improved monitoring of hearing backlogs; and enhanced online capabilities.”During the …

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Connecticut Moving Ahead With New Health Care Exchange

Tue, 28 Aug 2012 16:57:57 +0000

Connecticut officials are pushing ahead with plans to set up the new health insurance exchange, a marketplace where individuals and businesses can find affordable coverage, by next fall. The federal Center for Medicare and Medicaid Services last week awarded the …

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5 Conn. Firms Cited for Paying Workers Off the Books, Evading WC Laws

Wed, 22 Aug 2012 16:57:45 +0000

Connecticut authorities said this week that five subcontracting firms at a large Stamford construction site have been cited for alleged wage violations. The construction site at Stamford’s Harbor Point area is the largest development in the state. It has attracted …

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Former Conn. Doc Sentenced for Illegal Prescriptions, Insurance Fraud

Fri, 10 Aug 2012 16:59:12 +0000

A former Plainville, Conn., doctor has been sentenced to four months in prison for dealing prescription drugs.Prosecutors say Richard Luzietti was charged after an investigation into about 100 prescriptions that he wrote in 2009 for Oxycontin and other drugs. Authorities …

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Connecticut Says Tougher Teen Driving Laws Showing Positive Results

Young Ha — Fri, 10 Aug 2012 16:43:06 +0000

This month, Connecticut is observing the four-year anniversary of the state’s adoption of tougher teen driving laws. And officials say the measures continue to put in check teen driver deaths. A series of high-profile crashes in 2007 triggered a campaign …

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Thomson Reuters Establishes Connecticut’s First Captive Insurance Co.

Thu, 02 Aug 2012 16:29:36 +0000

Connecticut Gov. Dannel Malloy announced today that international media and information company Thomson Reuters has relocated its U.S. insurance subsidiary from Delaware to Connecticut. The subsidiary, Thomson Reuters Risk Management Inc., is Connecticut’s first captive insurance company. Gov. Malloy said …

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Connecticut Insurance Regulators Recovered $2.4M for Consumers in Q2

Thu, 19 Jul 2012 16:16:02 +0000

Connecticut Insurance Commissioner Thomas Leonardi announced Thursday that the insurance department recovered $2.4 million for policyholders and state taxpayers in the second quarter. Leonardi said the department’s consumer affairs unit fielded about 1,600 complaints and inquiries and helped policyholders recoup …

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Nearly 20,000 in Connecticut Lost Power in July 1 Storm, Company Says

Tue, 17 Jul 2012 16:34:33 +0000

Connecticut Light & Power has told state regulators that nearly 20,000 customers were without power on July 1 as strong winds and lightning brought down tree limbs. In a statement filed with the state Public Utilities Regulatory Authority on Monday, …

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Conn. Utility to Spend $300M to Strengthen Its System Against Storms

Thu, 12 Jul 2012 16:04:07 +0000

Connecticut Light & Power has filed a plan with state regulators to spend $300 million over five years to strengthen its system against storms. The subsidiary of Northeast Utilities says it’s looking to upgrade systems that have performed poorly and …

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Conn. Commissioner: New Law Improves Oversight of Global Insurers

Wed, 06 Jun 2012 16:25:51 +0000

Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurance companies and makes the state a more attractive place for international reinsurers to do business. Governor Dannel …

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Conn. House Passes Firefighter Compensation Bill

Fri, 04 May 2012 12:43:00 +0000

A bill that would make certain local firefighters eligible for workers’ compensation coverage for mental or emotional damage has passed the Connecticut House of Representatives. State representatives voted 141-to-0 in favor of the bill Wednesday. It now awaits action in …

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Conn. Senate Passes Anti-Price-Gouging Bill to Help Homeowners

Fri, 27 Apr 2012 03:15:30 +0000

The Connecticut Senate has voted to expand consumer protections from price gouging during major storms, such as the freak October snow storm that hit the state last year. Senators voted 33-to-3 Wednesday in favor of the bill, which prohibits “unconscionably …

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Connecticut Seeks to Recapture Role as Insurance Capital

Tue, 21 Feb 2012 15:50:30 +0000

Hartford is trying to recapture its status as the nation’s insurance capital by drawing in a specialized insurance business that is finding a home elsewhere. Since the 18th century, Hartford — home to Aetna Inc., Cigna, The Hartford, Travelers Cos. …

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Connecticut Governor Seeks Storm Exercises, Utility Standards

Fri, 13 Jan 2012 13:00:31 +0000

Connecticut Gov. Dannel P. Malloy announced this week that he will propose legislation that could lead to new performance standards for all utilities and could penalize them with fines if they fall short in their response to storms and other …

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Connecticut Updates Underwriting Guidelines for Hurricane Deductible

Mon, 12 Dec 2011 17:56:00 +0000

Connecticut insurance department announced that it has updated its coastal underwriting guidelines to clarify when hurricane deductibles can be applied. The hurricane deductible issue has been in the spotlight in wake of Tropical Storm Irene. Some policyholders in Connecticut saw …

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Nearly Two Dozen Conn. State Workers Accused of Post-Irene Aid Fraud

Thu, 08 Dec 2011 17:52:01 +0000

Connecticut Gov. Dannel P. Malloy’s top lawyer says the state has evidence that nearly two dozen state workers fraudulently applied for federal food assistance after the remnants of Hurricane Irene hit Connecticut. Andrew McDonald, Malloy’s general counsel, told The Associated …

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Connecticut Probes Fraud in Post-Irene Food Aid Program

Tue, 06 Dec 2011 14:11:57 +0000

Scores of Connecticut residents, including some state workers, might have requested and received federal emergency money to replace spoiled food and cover other expenses after Hurricane Irene even though their incomes clearly disqualified them, state officials said Sunday. Gov. Dannel …

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