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Crumbling Foundations Entity Halts Approval of New Work

Crumbling Foundations Entity Halts Approval of New Work

by The Associated Press | Apr 30, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

The entity overseeing distribution of state funds to help Connecticut homeowners with crumbling foundations has ceased authorizing new foundation construction work until it receives a payment from the state Department of Housing.

Hartford Lures Idaho Insuretech’s HQ to NassauRe Building

Hartford Lures Idaho Insuretech’s HQ to NassauRe Building

by The Commercial Record | Apr 19, 2019 | Commercial & Industrial, CR Daily, Industry News, Insurance

Covr Financial Technologies, an insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford.

Shelton Insurance Agency Partners With Maine Provider

by The Commercial Record | Apr 10, 2019 | CR Daily, Industry News, Insurance

A Shelton insurance agency is joining a Bangor, Maine-based independent insurance provider.

Arthur J. Gallagher & Co. Buys Shelton Insurance Firm

Arthur J. Gallagher & Co. Buys Shelton Insurance Firm

by The Commercial Record | Mar 15, 2019 | Banking & Lending, CR Daily, Industry News, Insurance

Illinois-based Arthur J. Gallagher & Co. has scooped up a Connecticut insurance firm.

Connecticut Property Taxes Ranked Among Highest in Nation

Connecticut Property Taxes Ranked Among Highest in Nation

by The Commercial Record | Mar 13, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

Connecticut still has one of the highest property tax rates in the country, according to a new study.

Survey: Half of Business Economists See Recession by 2020

Survey: Half of Business Economists See Recession by 2020

by The Associated Press | Feb 25, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Insurance, Residential Real Estate

Roughly half the nation’s business economists say they think the U.S. economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021.

Lamont Picks Andrew Mais for Insurance Commissioner

by The Commercial Record | Feb 25, 2019 | CR Daily, Industry News, Insurance

Gov. Ned Lamont today announced Friday he is nominating Andrew N. Mais of Wilton to serve as commissioner of the Connecticut Insurance Department.

Hartford Lures Idaho Insuretech’s HQ to NassauRe Building

Nassau Re Launches Hartford Insurtech Incubator

by The Commercial Record | Feb 22, 2019 | CR Daily, Industry News, Insurance

A Hartford reinsurance company is launching a new insurtech incubator in the city.

The Hartford Q4 Earnings Snapshot

by The Associated Press | Feb 6, 2019 | CR Daily, Industry News, Insurance

The Hartford Financial Services Group Inc. on Monday reported fourth-quarter net income of $196 million, after reporting a loss in the same period a year earlier.

Paid Family and Medical Leave a Top Democratic Priority for 2019

Paid Family and Medical Leave a Top Democratic Priority for 2019

by The Associated Press | Feb 5, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Insurance, Residential Real Estate

Passing paid family and medical leave legislation tops the list of Connecticut Democrats’ list of priorities for 2019.

Crumbling Foundation Claims Will Start Getting Paid This Week

Crumbling Foundation Claims Will Start Getting Paid This Week

by The Commercial Record | Jan 29, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

The captive insurance company set up by the state to help homeowners with concrete foundations contaminated by a mineral that causes them to crumble will start paying claims out this week.

Connecticut Insurance Agency Recoups Nearly $8M

by The Associated Press | Jan 21, 2019 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints.

Crumbling Foundation Claims Will Start Getting Paid This Week

The Hartford, Liberty Mutual Offer Help to Homeowners With Crumbling Foundations

by The Commercial Record | Jan 9, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

Two Connecticut insurance companies will provide supplemental financial assistance to current and former policyholders who file claims and receive awards to remediate their crumbling concrete foundations.

Business Groups Look to Lamont For Competitive Edge

Business Groups Look to Lamont For Competitive Edge

by Steve Adams | Jan 7, 2019 | Commercial & Industrial, CR Daily, Executive Briefing, Insurance

As Gov.-elect Ned Lamont prepares to take office on Wednesday, business groups are looking to the new administration for policies that improve Connecticut’s competitive climate.

Florida Insurance Brokerage Firm Acquires Three CT Insurance Agencies

Florida Insurance Brokerage Firm Acquires Three CT Insurance Agencies

by The Commercial Record | Jan 4, 2019 | Banking & Lending, CR Daily, Industry News, Insurance

The Florida-based insurance brokerage firm AssuredPartners is expanding its presence in Connecticut.

Simsbury Man Sentenced to Prison for Multimillion-Dollar Life Insurance Scheme

by The Commercial Record | Dec 4, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

Daniel Carpenter, 64, of Simsbury, was sentenced yesterday in Hartford to 30 months of imprisonment, followed by three years of supervised release.

The Hartford Purchases Company Specializing in Insurance For the Sharing and On-Demand Economy

by The Commercial Record | Dec 4, 2018 | CR Daily, Industry News, Insurance

The Hartford has purchased Y-Risk, a managing general underwriter specializing in the sharing and on-demand economy.

Insurance Department’s Life Insurance Locator Helps Return Nearly $2M to CT Beneficiaries

by The Commercial Record | Nov 19, 2018 | CR Daily, Industry News, Insurance

Nearly $2 million in unclaimed life insurance benefits have been returned to Connecticut residents through the Insurance Department’s online Life Insurance Policy Locator.

Cigna to Unveil New Pregnancy App in 2019

Cigna to Unveil New Pregnancy App in 2019

by The Commercial Record | Nov 8, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Insurance

Global health service company Cigna has launched a new pregancy app.

Cigna to Unveil New Pregnancy App in 2019

Cigna: 3Q Earnings Snapshot

by The Associated Press | Nov 1, 2018 | Industry News, Insurance

Cigna Corp. on Thursday reported third-quarter profit of $772 million.

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