The Connecticut Insurance Department is warning producers against placing coastal homeowners in the surplus lines market if an admitted insurer has offered to renew their policies.
Doing so violates state law. In a recently released bulletin, the state says it has been made aware of several instances where brokers and agents have improperly moved business out of the standard market.
The department vowed to “undertake any and all appropriate action against the Connecticut licensed producer or surplus lines broker” whom they believe to be bypassing the admitted market.
__
Source: Connecticut Insurance Department
Topics Agencies Excess Surplus Connecticut
Was this article valuable?
Here are more articles you may enjoy.
What Analysts Are Saying About the 2026 P/C Insurance Market 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
