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Severe Storms Lead to Unprecedented $34B in US Insured Losses So Far

Severe Storms Lead to Unprecedented $34B in US Insured Losses So Far

by The Associated Press | Aug 9, 2023 | CR Daily, Industry News, Residential Real Estate

Waves of severe thunderstorms in the U.S. during the first half of this year created an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological events.

Covr Names New President

Covr Names New President

by The Commercial Record | Apr 6, 2020 | Banking & Lending, CR Daily, Industry News, Insurance

Hartford-based Covr Financial Technologies announced that Ron Alexander has been appointed as president and head of innovation.

Hartford Insurtech Hires New Head of Sales

Hartford Insurtech Hires New Head of Sales

by The Commercial Record | Jan 24, 2020 | Banking & Lending, CR Daily, Industry News, Insurance

Hartford-based Covr Financial Technologies announced that Jim Gothers has been appointed as head of national sales for its financial institution business.

The Hartford to Limit Insurance for Fossil Fuel Companies

The Hartford to Limit Insurance for Fossil Fuel Companies

by The Associated Press | Jan 3, 2020 | CR Daily, Industry News, Insurance

A major insurer is limiting its coverage of companies in the fossil fuel business, citing concerns about climate change.

Disaster Coverage is a Disaster for Most

by Lew Sichelman | Nov 28, 2019 | CR Daily, Industry News, Insurance, Residential Real Estate

Many – if not most – homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies. 

Witness in Insurance Trial: Carman’s Boat Unseaworthy After Modifications

Witness in Insurance Trial: Carman’s Boat Unseaworthy After Modifications

by The Associated Press | Aug 15, 2019 | CR Daily, Industry News, Insurance

A marine surveyor says modifications that Nathan Carman made to his boat before a fishing trip with his mother would have made the vessel unseaworthy.

Trial Begins Over Insurance for ‘Suspicious’ Boat Sinking

Trial Begins Over Insurance for ‘Suspicious’ Boat Sinking

by The Associated Press | Aug 13, 2019 | CR Daily, Industry News, Insurance

A civil trial getting underway in Providence will determine whether insurance companies should cover Nathan Carman’s $85,000 claim for his boat that sank off New England in 2016.

Health Insurance Reform Takes Center Stage at Democratic Debate

Health Insurance Reform Takes Center Stage at Democratic Debate

by The Associated Press | Jul 31, 2019 | CR Daily, Industry News, Insurance

The signature domestic proposal by the leading progressive candidates for the Democratic presidential nomination came under attack from moderates in a debate that laid bare the struggle between a call for revolutionary health insurance policies and a desperate desire to defeat President Donald Trump.

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.

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.

Connecticut Homeowners Insurance Rates Rose in 2018

Connecticut Homeowners Insurance Rates Rose in 2018

by The Associated Press | Jan 23, 2019 | CR Daily, Industry News, Residential Real Estate

Homeowners’ insurance rates rose 2.9 percent on average in Connecticut last year, with a half-dozen underwriters entering the market last year

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.

Fed Up with Rising Costs, Big US Firms Dig into Health Care

by Reuters | Jun 11, 2018 | CR Daily, Industry News, Insurance

At its Silicon Valley headquarters, network gear maker Cisco Systems Inc. is going to unusual lengths to take control of the relentless increase in its U.S. health care costs.

Paid Family Leave Insurance Bill Narrowly Advances to House

by The Associated Press | Apr 18, 2018 | CR Daily, Industry News, Insurance

Legislation creating a paid family and medical leave insurance program in Connecticut has narrowly cleared a key vote.

Connecticut Bill Would Trigger Review if Drug Prices Spike

by The Associated Press | Mar 7, 2018 | CR Daily, Industry News, Insurance

Connecticut is considering imposing a state review whenever prescription drug prices rise beyond a certain threshold.

Malloy Vetoes Bill Restoring Medicare Assistance Funds

by The Associated Press | Jan 17, 2018 | Commercial & Industrial, CR Daily, Industry News

Gov. Dannel P. Malloy has vetoed a bill that restored $54 million to a program that helps more than 100,000 seniors and people with disabilities pay for Medicare-related expenses.

NYC Halts $9.6M Incentive Package to Move Aetna to City

by The Associated Press | Jan 11, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

New York City is halting a $9.6 million incentive package offered to Aetna to move its headquarters to the city.

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