Connecticut insurance department News

Connecticut Insurance Department Recoups Nearly $8M

The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints. Acting Commissioner Paul Lombardo says the agency’s consumer affairs staff each year helps …

Connecticut Insurance Commissioner Wade to Step Down

Connecticut Insurance Department Commissioner Katharine Wade plans to step down from her position on December 19, 2018. Connecticut’s incoming Governor-elect Ned Lamont, who is set to take office on January 9, will appoint a new commissioner. Connecticut Insurance Department Life …

Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program

The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a Kansas-based tech company that has developed software …

Connecticut Approves 17% Workers’ Comp Rate Cut for 2019

The Connecticut Insurance Department has approved a nearly 17 percent decrease in rates for workers’ compensation insurance, marking the fifth consecutive year that rates have dropped in Connecticut. “This steady drop – nearly 50 percent over the last five years …

CVS Pledges Aetna Will Remain in Hartford for at Least 10 Years

Connecticut officials have received official assurances that CVS Health Corp. will keep Aetna Inc. in Hartford for at least the next decade. The pledge is included in a commitment letter CVS delivered Wednesday to the Connecticut Insurance Department. CVS had …

Connecticut Insurance Commissioner Warns of Caller Posing as Department Staff

Connecticut Insurance Commissioner Katharine L. Wade has issued a consumer alert advising consumers to be wary of a phone caller who identified herself as an Insurance Department employee and is asking people for their insurance information. “The Department does not …

Connecticut Insurance Department Launches Licensing Site

The Connecticut Insurance Department has launched a new licensing web site, designed to improve customer service for the nearly 200,000 agents, brokers, adjusters and other licensees who conduct business with the department. The new licensing site features online tools that …

Connecticut Insurance Department Approves NCCI Workers’ Comp Rate Filing

Connecticut Insurance Department Commissioner Katharine L. Wade announced that the department has approved a rate filing from the National Council on Compensation Insurance (NCCI) that decreases workers’ compensation insurance rates nearly 11 percent. “This marks the third straight year that …

Connecticut Regulator Licenses New Health Care Captive

Connecticut Insurance Department announced Thursday that it has licensed a non-profit captive insurance cooperative comprising several Connecticut municipalities and school districts that aims to give communities greater control of their health insurance costs. CT Prime, the new cooperative, will be …

Connecticut Announces Its 10th Captive Insurer

The Connecticut Insurance Department announced that a Syosset, New York-based construction services firm, RC Structures, is establishing its captive insurance operations in Connecticut. The new captive, called RCX Insurance Company, is the 10th licensed captive insurer in Connecticut. “RC Structures …