Connecticut insurance department News

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 …

Connecticut Insurance Department Names Grace to Lead Captive Unit

Connecticut Insurance Commissioner Katharine L. Wade has announced that Janet Grace, a veteran risk specialist with more than 20 years of experience, has been hired as program manager to oversee the Connecticut Insurance Department’s Captive Insurance Unit.

Connecticut Recovered $6M for Policyholders, Taxpayers in 2015

Connecticut Insurance Commissioner Katharine L. Wade announced that the Connecticut Insurance Department recovered approximately $6 million for policyholders and taxpayers in 2015, helping individuals and families with their claims and complaints. The Department’s Consumer Affairs Unit (CAU) fielded more than …

Connecticut Regulator Warns of Phone Scams Targeting Policyholders

Connecticut Insurance Commissioner Katharine L. Wade is advising consumers to be wary of a scam in which a caller poses as a representative of an insurance company and informs people that their policy is being canceled for non-payment. In the …