The senator argued that a moratorium would bring all stakeholders to the table to develop a model for addressing LTC insurance issues, which extend beyond Connecticut. The industry has faced significant challenges due to underwriting miscalculations in the 1990s and 2000s, rising medical costs, an aging population, and longer lifespans, according to state and federal regulators.
The sandbox’s entry requirements remain stringent. Applicants must submit a detailed technical and business plan, a $750 filing fee, demonstrate at least $25,000 in available funds, and provide extensive disclosures on financial backing and executive leadership. Crucially, innovations must offer consumer protections and pose “no unreasonable risk of consumer harm.” Source link
Ready for a CHange? CH Insurance is expanding our team in 2025! Team Strength Have you ever heard of the “OLIVUS” principle? Our Corporate Storyteller, Angela Moonan, has worked on it with our team for many years. At the heart of the OLIVUS Principle rests the notion that all of us are better together, than…
In 2017, a district judge dismissed the DOJ’s claims, finding they did not meet necessary legal standards. However, in March 2025, a court-appointed special master recommended the case proceed to trial, stating that the DOJ’s evidence lacked substance. Source link
