Connecticut Insurance Department Archives

Connecticut liability insurance makes coverage more expensive for drivers

January 24, 2018September 14, 2019 H. Cutner

Auto policy premiums rose by an average of 4.1 percent for drivers in the state last year. Connecticut liability insurance is making coverage more expensive for drivers throughout the state, according to data from the Insurance Department. In fact, it is also sending homeowners insurance rates higher, though not by as much. Last year, homeowners insurance rates increased by an average of 2.4 percent in Connecticut. Drivers saw a 4.1 percent rise in their premiums because of the Connecticut liability insurance regulations. The Connecticut Insurance Department is responsible for an…

Connecticut officials are warning consumers of health insurance scams

December 15, 2015December 12, 2015 Logan B.

Insurance Department tells consumers to beware of phone scams The Connecticut Insurance Department is warning consumers to beware of phone scams from those claiming to represent health insurance organizations. These scams have become fairly common during the open enrollment season for insurance exchanges. During these times, many consumers are either looking for new policies or to renew their current health insurance policies that they acquired through exchanges. These consumers are being targeted by scams that seek to profit during the open enrollment period. Phone scams are seeking to exploit consumers…

State agency modifies health insurance rate increase proposals

October 13, 2014October 11, 2014 Logan B.

Connecticut Insurance Department modifies some proposals, rejects others The Connecticut Insurance Department has modified rate proposals from health insurance companies for policies that will offer coverage in 2015. The agency has modified rate proposals from some of the state’s largest insurers, including Aetna and UnitedHealthcare. Some rate proposals were rejected, while insurers were required by the agency to change their proposals in order to reduce the financial pressure that consumers experience from the coverage. Some of the rate proposals that the agency has modified have to do with policies that…

Connecticut regulators deny rate proposals from two health insurance companies

August 5, 2014August 2, 2014 S.Vagus

Regulators deny insurers the ability to raise rates on 2015 policies The Connecticut Insurance Department has denied rate increase proposals from two insurance companies that had sought approval to raise premiums by at least 12% in 2015. One of the companies seeking an increase in premiums was Anthem Blue Cross, which had wanted approval to increase its rates by an average of 12.5%. State regulators have deemed this request “excessive” and denied the proposal, requiring the insurer to submit a new rate proposal for policies it plans to sell in…

Regulators announce health insurance rates for Connecticut exchange

August 9, 2013August 7, 2013 S.Vagus

Health insurance rates announced for plans sold through exchange The Connecticut Insurance Department has announced the approval for individual and small group health insurance rates for plans that will be sold through the state’s insurance exchange program. The state is set to manage its own health insurance exchange, opting to do so in order to ensure that the exchange provides the best service to consumers it possibly can. The state’s exchange, called Access Health CT, will begin open enrollment in October of this year before the policies sold through the…