Connecticut laws provide insurance regulators with more authority

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…

Read More

Connecticut Insurance Department teams with the German Federal Financial Supervisory Authority to protect consumers

The Connecticut Insurance Department has entered into a new agreement with the German Federal Financial Supervisory Authority in order to better supervise an insurance organization that does business in both Germany and the U.S. The agreement is the second between the two entities in the past three months. Insurance Commissioner Thomas Leonardi believes that ensuring the financial stability of insurance companies is vastly important to the protection of consumers. Regulation, according to Leonardi, is the best way to keep insurers from making costly decisions that could compromise the economy. As…

Read More