Watch Out For ‘Vishing’ Attacks
”Vishing” attacks – phishing attacks carried out using voice rather than text – are on the rise. Insurance regulators are growing concerned. Last Friday the New York State Department of Financial…
Industry News
What Is This ‘ID Administrator’ Email from DFS?
If you write business in New York, you may have received an email from the New York State Department of Financial Services (DFS) informing you that you have been selected…
Big I CT Represents You At Important Industry Meeting
Big I New York and Big I Connecticut recently represented you at an important event that you might not know about – the Mid-America Insurance Conference. Since 1934, the MAIC has…
Workers’ Comp Loss Costs To Drop 3.8%
The Connecticut Insurance Department has approved an average 3.8% decrease in Workers’ Compensation voluntary loss costs efffective January 1. The department announced on Oct. 27 that it had approved the latest filing from the…
CID: Retail Agents Must Still Make Surplus Lines Diligent Effort
Recently enacted legislation had only a minor effect on Connecticut’s surplus lines diligent effort requirement, according to a recent Insurance Department announcement. Connecticut law imposes requirements on a licensed surplus lines…
State Launches New Tool For Assessing Climate Risk
Connecticut residents and businesses can estimate their threats from natural disasters using a tool unveiled by the state government today. Gov. Ned Lamont and Insurance Commissioner Andrew Mais announced the…
NCCI Proposes Small Workers Comp Loss Cost Decrease
The National Council on Compensation Insurance (NCCI) has filed for a small decrease in Workers’ Compensation insurance loss costs, according to a recent announcement from the Connecticut Insurance Department (CID.) Interested members…
NFIP Due To Lapse Sept. 30
It’s late September, bringing with it familiar signs of autumn … You may be one of those people who believe in October baseball, the ritual of Linus awaiting the arrival of the…
Connecticut P&C Marketplace Three-Year Trends
Overall Premium Trends Connecticut’s P&C insurance market has grown steadily over the past three years. Direct Premiums Written (DPW) increased from $10.3 billion in 2022 to $11.5 billion in 2023…
Agency Compensation 360 is LIVE – Take the Survey Today!
Agency Compensation 360 Is Live – Take the Survey Today!The wait is over! Agency Compensation 360, a first-of-its-kind, multi-state compensation survey built exclusively for independent insurance agencies, is officially live. And here’s…
