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World Insurance Associates Acquires Bafumi Insurance in Connecticut
Nov 19 2025 // World Insurance Associates reported it has acquired the business of Bafumi Insurance Agency of Middletown, Connecticut. Terms of the August 1, 2025 transaction were not disclosed. A family business, the agency is led by...
Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes
Nov 7 2025 // For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from...
Connecticut Approves Workers’ Compensation Cost Decrease for 2026
Nov 3 2025 // Connecticut’s insurance regulator has approved an industry filing that will lower workers’ compensation rates beginning January 1, 2026. The new voluntary market rates will reflect an average 3.8% decrease in...
Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
Oct 20 2025 // A Connecticut insurance agent has no duty to inform clients that their home insurer intends not to renew their insurance policy, the state’s high court affirmed in a case where the homeowners argued their long...
Connecticut Launches Free Online Property Risk Mapping Tool
Oct 8 2025 // Connecticut has launched a free online risk mapping tool that allows Connecticut homeowners and businesses to assess their property’s risk from flooding, wildfires, and other perils to better understand their...
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