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.
Origin, part of Beyond Risk since 2021, provides solutions for niche markets, including hospitality, hotels, and service stations. Led by President Neno Djordjevic, the company specializes in Workers’ Compensation, Property, and Transportation, working exclusively with carriers and reinsurers rated “A-” or better by A.M. Best. Source link
The bill, H.F. No. 2752, defines key operational terms for P2P car-sharing services, clarifying the legal distinctions between car-sharing and traditional rental services. Unlike traditional car rentals, peer-to-peer car-sharing allows private vehicle owners to rent their cars to others via online platforms. By excluding P2P car-sharing agreements from the legal definition of vehicle rentals, the…
If you are a snowbird that heads south for the winter, there are several key things you can do to help winterize your vacant home. Taking the right winterization steps can help protect your home from theft, water damage, heating or electrical system malfunctions and other possible threats while you are away for an extended period of…
“Workers’ compensation fraud is a significant issue, with estimates suggesting it costs insurers between $35 to $44 billion annually,” Sarzen said. “Emerging fraud-fighting techniques centered on data and analytics can enable insurers to identify fraud in real-time, allowing investigators to act more quickly and accurately. This proactive approach is essential for maintaining stability and driving…
