Connecticut News

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 …

Conn. Regulators Weigh Workers’ Comp Rate Hike Proposal

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 …

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

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 …

NCCI Recommends Conn. WC Loss Costs and Rates Increases

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 …

Heavy Rains Trap Connecticut Shoreline Residents in Cars, Homes

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 …

Connecticut Attracts Its Second Captive Insurer

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 …

Conn. WCC Report Highlights Upgrades, Shortened Hearing Backlogs

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 …

Connecticut Moving Ahead With New Health Care Exchange

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 …