Connecticut insurance department News

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 …

Conn. Warns Insurers Not to Terminate Home Policies Over Foundation Problems

The Connecticut Insurance Department sent a notice to insurers writing homeowners insurance in the state, notifying them they are not allowed to cancel or non-renew homeowners policies based on foundation problems. “It has come to the Insurance Department’s attention as …

Connecticut Insurance Department Licenses New Captive Insurer

Connecticut Insurance Commissioner Katharine L. Wade announced that a corporation specializing in consultation and financial management for reinsurance companies is expanding its footprint in Connecticut. The Connecticut Insurance Department said New Jersey-based SOBC Corporation is establishing a sponsored captive insurance …

Thomson to Serve as Connecticut Insurance Department’s Deputy Commissioner

Connecticut Insurance Commissioner Katharine L. Wade announced Thursday that she has appointed John Thomson, director of the Connecticut Insurance Department’s Captive Insurance Regulation Division, as the Department’s deputy commissioner, effective immediately. Thomson joined the Department in 2012 to develop a …

Connecticut Announces Online System for Adjuster/Appraiser Renewals

Connecticut Insurance Commissioner Katharine Wade announced that insurance adjusters and appraisers can now renew their Connecticut licenses online using the department’s paperless system operated through the National Insurance Producers Registry (NIPR). “This will offer greater convenience to the thousands of …

Conn. Regulators Recovered $6.3M for Policyholders, Taxpayers in 2014

The Connecticut Insurance Department recovered approximately $6.3 million for policyholders and taxpayers in 2014, the state’s Deputy Insurance Commissioner Anne Melissa Dowling announced today. “Connecticut consumers rely on insurance to provide peace of mind for their homes, families and financial …

Connecticut Issues Consumer Advisory on Earthquake Insurance

The U.S. Geological Service has reported a series of minor earthquakes in parts of eastern Connecticut this week, including a 2.0-magnitude earthquake Thursday morning near Plainfield, Connecticut. The Weston Observatory of Boston College says a series of small earthquakes in …