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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
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 …
