Dannel Malloy News

Connecticut Insurance Commissioner Wade to Step Down

Connecticut Insurance Department Commissioner Katharine Wade plans to step down from her position on December 19, 2018. Connecticut’s incoming Governor-elect Ned Lamont, who is set to take office on January 9, will appoint a new commissioner. Connecticut Insurance Department Life …

Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program

The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a Kansas-based tech company that has developed software …

Connecticut Homeowners Ask Legislature for Assistance on Bad Foundations

Connecticut homeowners said they need additional financial assistance to help with crumbling home foundations that threaten to collapse their houses. Dozens of homeowners arrived in Hartford on Monday to support a bill that proposes every insurance company cover the peril …

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 …