Insurance
Crumbling Foundations Entity Halts Approval of New Work
By The Associated Press | April 30, 2019 | Reprints | Unlock LinkThe entity overseeing distribution of state funds to help Connecticut homeowners with crumbling foundations has ceased authorizing new foundation construction work until it receives a payment from the state Department of Housing.
Hartford Lures Idaho Insuretech’s HQ to NassauRe Building
April 19, 2019 | Reprints | Unlock LinkCovr Financial Technologies, an insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford.
Shelton Insurance Agency Partners With Maine Provider
April 10, 2019 | Reprints | Unlock LinkA Shelton insurance agency is joining a Bangor, Maine-based independent insurance provider.
Arthur J. Gallagher & Co. Buys Shelton Insurance Firm
March 15, 2019 | Reprints | Unlock LinkIllinois-based Arthur J. Gallagher & Co. has scooped up a Connecticut insurance firm.
Connecticut Property Taxes Ranked Among Highest in Nation
March 13, 2019 | Reprints | Unlock LinkConnecticut still has one of the highest property tax rates in the country, according to a new study.
Survey: Half of Business Economists See Recession by 2020
By The Associated Press | February 25, 2019 | Reprints | Unlock LinkRoughly half the nation’s business economists say they think the U.S. economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021.
Lamont Picks Andrew Mais for Insurance Commissioner
February 25, 2019 | Reprints | Unlock LinkGov. Ned Lamont today announced Friday he is nominating Andrew N. Mais of Wilton to serve as commissioner of the Connecticut Insurance Department.
Nassau Re Launches Hartford Insurtech Incubator
February 22, 2019 | Reprints | Unlock LinkA Hartford reinsurance company is launching a new insurtech incubator in the city.
The Hartford Q4 Earnings Snapshot
By The Associated Press | February 6, 2019 | Reprints | Unlock LinkThe Hartford Financial Services Group Inc. on Monday reported fourth-quarter net income of $196 million, after reporting a loss in the same period a year earlier.
Paid Family and Medical Leave a Top Democratic Priority for 2019
By The Associated Press | February 5, 2019 | Reprints | Unlock LinkPassing paid family and medical leave legislation tops the list of Connecticut Democrats’ list of priorities for 2019.
Crumbling Foundation Claims Will Start Getting Paid This Week
January 29, 2019 | Reprints | Unlock LinkThe captive insurance company set up by the state to help homeowners with concrete foundations contaminated by a mineral that causes them to crumble will start paying claims out this week.
Connecticut Insurance Agency Recoups Nearly $8M
By The Associated Press | January 21, 2019 | Reprints | Unlock LinkThe 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.
The Hartford, Liberty Mutual Offer Help to Homeowners With Crumbling Foundations
January 9, 2019 | Reprints | Unlock LinkTwo Connecticut insurance companies will provide supplemental financial assistance to current and former policyholders who file claims and receive awards to remediate their crumbling concrete foundations.
Business Groups Look to Lamont For Competitive Edge
By Steve Adams | Commercial Record Staff | January 7, 2019 | Reprints | Unlock LinkAs Gov.-elect Ned Lamont prepares to take office on Wednesday, business groups are looking to the new administration for policies that improve Connecticut’s competitive climate.
Florida Insurance Brokerage Firm Acquires Three CT Insurance Agencies
January 4, 2019 | Reprints | Unlock LinkThe Florida-based insurance brokerage firm AssuredPartners is expanding its presence in Connecticut.
Simsbury Man Sentenced to Prison for Multimillion-Dollar Life Insurance Scheme
December 4, 2018 | Reprints | Unlock LinkDaniel Carpenter, 64, of Simsbury, was sentenced yesterday in Hartford to 30 months of imprisonment, followed by three years of supervised release.
The Hartford Purchases Company Specializing in Insurance For the Sharing and On-Demand Economy
December 4, 2018 | Reprints | Unlock LinkThe Hartford has purchased Y-Risk, a managing general underwriter specializing in the sharing and on-demand economy.
Insurance Department’s Life Insurance Locator Helps Return Nearly $2M to CT Beneficiaries
November 19, 2018 | Reprints | Unlock LinkNearly $2 million in unclaimed life insurance benefits have been returned to Connecticut residents through the Insurance Department’s online Life Insurance Policy Locator.
Cigna to Unveil New Pregnancy App in 2019
November 8, 2018 | Reprints | Unlock LinkGlobal health service company Cigna has launched a new pregancy app.
Cigna: 3Q Earnings Snapshot
By The Associated Press | November 1, 2018 | Reprints | Unlock LinkCigna Corp. on Thursday reported third-quarter profit of $772 million.