Tag: Connecticut insurance

Auto insurance remains high for Connecticut drivers

G. Turner
connecticut auto insurance

Motorists in the state won’t be experiencing any relief from the higher prices that they pay for coverage. Drivers in Connecticut are paying a higher price for auto insurance than other Americans across the country, and studies are now revealing that there are a number of reasons that motorists in that state face higher coverage costs. The high cost of living and higher income levels have always been contributors to higher premiums. Studies are indicating that there are a number of new and growing reasons that people in Connecticut are…

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Flood insurance to be mandatory for thousands of Connecticut residents

Dan
Flood Insurance

Connecticut homeowners face new flood insurance requirements Thousands of Connecticut residents are expected to feel the weight of mandatory flood insurance coverage in the coming months. The Federal Emergency Management Agency (FEMA) is currently drafting new flood maps for the entire U.S. coastline. This is part of an ongoing effort to understand and mitigate the risks associated with rising sea levels. New flood maps change the risks some properties face in regards to floods. According to FEMA, homes in high risk areas are required to be covered by flood insurance…

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Connecticut moves forward with health insurance exchange

Nordstrom
Connecticut health Insurance

Connecticut aims to have exchange operational ahead of deadline Connecticut is one of the few states in the U.S. that has made significant progress in establishing its own health insurance exchange. The state is keen to operate the exchange itself in the hopes of providing service to residents that is suited to the needs of the market. Though the state has made major progress over the past two years to build its own exchange program, the Legislature is now working to make the program a reality, hoping to beat the…

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Hurricane insurance lesson learned by residents of Connecticut

Hurricane Irene Connecticut Insurance

Tropical Storm Irene had shoreline residents discovering things the hard way. For residents of Connecticut, who live along the shoreline, if previous storms had not taught them the lesson about the necessity for hurricane insurance, it was likely learned as a result of Tropical Storm Irene. The first issue was the complexity of a large type of claim on a policy. When a claim must be made on hurricane insurance, if it is a very large one, there are many issues that must be considered and this can make for…

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Connecticut laws provide insurance regulators with more authority

Nordstrom
Connecticut health Insurance

Two laws win the favor of state’s Insurance Commissioner Two new laws have successfully passed the Connecticut Legislature, winning praise from the state’s Insurance Commissioner, Thomas Leonardi. Two legislations, which were signed into law by Governor Dannel Malloy this week, aim to bring more oversight to global insurance companies that operate in the U.S. and overseas. The laws are also meant to make Connecticut a more attractive venue for international reinsurance companies who wish to do business in the U.S. Commissioner Leonardi believes that the new laws signal major progress…

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