Connecticut Developments Archives - Page 12 of 15

Connecticut Insurance Commissioner Reminds Industry Members to Not Speak Poorly About Their Competitors

Apr 22, 2009 | Connecticut Developments, Regulatory | United States

On April 20, 2009, Commissioner Sullivan (the “Commissioner”) of the Connecticut Insurance Department (the “Department”) released Bulletin IC–22 (the “Bulletin”), which serves as a reminder to chief executive officers of all insurance companies licensed in the State of Connecticut of their responsibility to not harm the public’s confidence in the insurance industry and to not engage in unfair trade practices.

Connecticut Legislation Would Require Licensure or Registration of Third Party Administrators

Apr 6, 2009 | Connecticut Developments, Regulatory | United States

On February 19, 2009, the Connecticut Committee on Insurance and Real Estate introduced House Bill 6529, An Act Concerning the Licensing and Regulation of Third Party Administrators (the “Bill”).

Legislation Proposed in Connecticut and New Jersey Allows for Direct Action by Claimants for Unfair Claims Settlement Practices

Mar 26, 2009 | Connecticut Developments, Coverage & Claims, New Jersey Developments, Regulatory | United States

Legislation is under consideration in Connecticut and New Jersey that may significantly expand a claimant’s ability to directly sue an insurer over unfair claims settlement practices.

Connecticut Supreme Court: Bodily Injuries Caused By Acts of Self-Defense Are “Accidental,” Not “Expected or Intended,” Within the Meaning of an Intentional Injury Exclusion In a Liability Insurance Policy

Mar 19, 2009 | Connecticut Developments, Coverage & Claims | United States

The Connecticut Supreme Court, deciding an issue of first impression in that state, recently held that coverage for bodily injury to others inflicted during an incident of self-defense by an insured constitutes an “occurrence,” and is not excluded by an intentional injury exclusion in a liability policy.

Insurance Commissioner Invites Captives to Connecticut

Mar 12, 2009 | Connecticut Developments, Regulatory | United States

On March 6, 2009, Insurance Commissioner Thomas R. Sullivan issued a press release inviting businesses wishing to form captive insurance companies in Connecticut to do so.

Update on Use of Credit-Scores by Insurers in Underwriting

Mar 9, 2009 | Connecticut Developments, Florida Developments, Regulatory | United States

As we have previously reported here, here and here, the use of credit scores by insurers is a controversial topic.

Connecticut Insurance Commissioner Supports Bail Bond Reform

Mar 3, 2009 | Connecticut Developments, Regulatory | United States

On February 19, 2009, Connecticut Insurance Commissioner Thomas R. Sullivan testified before the Connecticut Insurance and Real Estate Committee in support of House Bill 6354, titled “An Act Regulating Surety Bail Bond Agents” (the “Act”). The Act would reform the bail bond industry and allow the Connecticut Insurance Department to better regulate the industry through stronger laws.

Connecticut Legislatures Proposes Sale Tax on Insurance Service Transactions

Feb 12, 2009 | Connecticut Developments, Regulatory, Tax Related Developments | United States

On February 9, 2009, the Connecticut Legislature held a public hearing regarding on House Bill 6349, An Act Concerning Sales Tax on Services (the “Bill”). The Bill would eliminate the current exemption from the sales tax for professional, insurance, and personal services transactions found in Conn. Gen. Stat. § 12-412(11) and would specifically add professional, insurance, occupational, and personal service transactions to those services that are subject to the state’s sales and use tax under Conn. Gen. Stat. § 12-407(a)(37).

Connecticut Legislature Proposes Bill to Broaden Consumers’ Rights by Enabling Consumers to Sue Insurers for Unfair Claim Practices

Feb 9, 2009 | Connecticut Developments, Regulatory | United States

The Connecticut legislature has proposed a new bill, SB-763, An Act Concerning the Connecticut Unfair Insurance Practices Act, which could potentially enable Connecticut consumers to sue insurers for unfair claim practices. Click here for a copy of the proposed bill.

Hole-in-One Golf Marketer Fined $5.9 Million for Operating an Insurance Company Illegally

Jan 27, 2009 | Connecticut Developments, Regulatory | United States

The Connecticut Insurance Department issued an Order for Default Judgment (the “Order”) and a $5.9 million fine against a marketer of hole-in-one golf contests for engaging in the business of insurance without a license, falsely representing that it is authorized to engage in the business of insurance, and engaging in various unfair insurance practices.

Topic: Connecticut Developments

Connecticut Insurance Commissioner Reminds Industry Members to Not Speak Poorly About Their Competitors

Connecticut Legislation Would Require Licensure or Registration of Third Party Administrators

Legislation Proposed in Connecticut and New Jersey Allows for Direct Action by Claimants for Unfair Claims Settlement Practices

Connecticut Supreme Court: Bodily Injuries Caused By Acts of Self-Defense Are “Accidental,” Not “Expected or Intended,” Within the Meaning of an Intentional Injury Exclusion In a Liability Insurance Policy

Insurance Commissioner Invites Captives to Connecticut

Update on Use of Credit-Scores by Insurers in Underwriting

Connecticut Insurance Commissioner Supports Bail Bond Reform

Connecticut Legislature Proposes Bill to Broaden Consumers’ Rights by Enabling Consumers to Sue Insurers for Unfair Claim Practices

Hole-in-One Golf Marketer Fined $5.9 Million for Operating an Insurance Company Illegally

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