IN THE NEWS
Insight on Long-Term Care Insurance and how CID can help. "We can oftentimes cut through the red tape and help you get the information that you deserve from the insurance company,” said Gerard O'Sullivan, the Department’s Director of Consumer Affairs.
By Caitlin Burchill (ROXBURY - LONG TERM CARE)
“The Connecticut Insurance Department remains committed to ensuring that all Connecticut residents have access to appropriate healthcare,” Mais said. “Your insurance coverage in Connecticut will not be affected by a Texas federal judge’s recent ruling that certain provisions of the Patient Protection and Affordable Care Act (ACA) are unlawful.”
Governor Ned Lamont today announced that Connecticut businesses will see another rate decrease in workers’ compensation insurance beginning on January 1, 2023. The Connecticut Insurance Department has approved an annual filing with decreases of 3% to workers’ compensation pure premium loss costs.
While the average rate hike approved by the state is lower than what insurance companies had requested, it still represents a significant boost in costs to consumers in the coming year.
“The CID will not delay the informational meeting as the Centers for Medicare & Medicaid Services (CMS) and the carriers must have their rates set by early September so [Access Health Connecticut] can be prepared for the open enrollment period that begins on 11/1/2022,” Commissioner Andrew Mais said.
Fenhua Liu, Captive Insurance Division Director, notes that "key to Connecticut's captive insurance excellence is the fact that the state has everything that captives need to thrive.
The UK Government announced a formal agreement with Connecticut Insurance & Financial Services (CT IFS), the MetroHartford Alliance (MHA), the Connecticut Insurance Department, and Insurtech UK to launch a new InsurTech Corridor.
Commissioner Andrew Mais joined a panel that included Jonathan Dixon, Secretary General, IAIS and Howard Mills, Director of Genworth Financial, Ensight and The Doctors Company Group and former Superintendent of the New York Insurance Department. The panel was moderated by NAIC President David Altmaier. More...
(AM Best TV)
Commissioner Mais said, “The neighborhood unemployment rate, the average number of occupants per household, the distance to the nearest restaurant. I don’t think it’s too much of a stretch to think that that could be discriminatory inherently.”
After Tropical Storm Henri swept through Connecticut, some people were left with major losses ranging from car damages to flooding. Regulators say now is the time to prepare insurance claims. "The first thing you want to do is document everything. You want to call your insurance company, put the claim in, and start that process," says Gerard O'Sullivan, director of consumer affairs at the Connecticut Insurance Department. He says people should begin this process immediately. Homeowners should walk around their property, take videos, and document what they have, what their personal possessions are, so if there's a fire or future catastrophe, they can prove what the personal property is. O'Sullivan adds that people often forget, but flood damage is not covered under a standard homeowners policy. "People should take this opportunity to look at their policy and understand the policy itself, the deductibles they have, and those coverages," he says.
(Christian Colón – WFSB Channel 3)
The Department is pleased to join Connecticut’s state and local partners, and communities in moving forward to inspire action to prevent substance use and mental health disorders.
NAIC Secretary-Treasurer and Commissioner Andrew Mais testified on behalf of the NAIC at the U.S. House Financial Services Subcommittee on Housing, Community Development and Insurance’s virtual hearing on “Built to Last: Examining Housing Resilience in the Face of Climate Change.”
The AAIS Pulse episode featured a frank discussion on diversity, equity and inclusion in corporate American, the insurance industry, and society at large.
AAIS was joined by Chlora Lindley-Myers, Director of the Missouri Department of Commerce and VP of The NAIC, and Commissioner Andrew Mais of the Connecticut Insurance Department, who is Secretary Treasurer of the NAIC.
Connecticut proposes captive bill amendments --- The Connecticut Department of Insurance has drafted a proposal on an act concerning captive insurance companies for the 2021 legislative session.
Insurance Commissioner’s Perspective: Innovation as a Driver for Change --- While some insurance professionals focus on the potentially negative outcomes of using AI in insurance, Commissioner Andrew Mais believes positive possibilities make exploring AI insurance applications more than worth it.
Podcast: The Regulators – Insurance Insights from Inside the NAIC --- The NAIC kicks off season 3 and the celebration of our 150th Anniversary with a one-on-one conversation with newly elected NAIC Secretary-Treasurer and Connecticut Insurance Commissioner Andrew Mais.
Berlin man honored with highest award in his industry --- The Berlin resident told the Herald he has worked for the state since 1996 and was proud to accept this honor, which is the most prestigious award available to state insurance regulators. “It’s very gratifying; I’m honored and very appreciative,” Lombardo said.
Commissioner Andrew Mais elected to serve as Secretary Treasurer of the NAIC in 2021
Commissioner Mais discusses a new free life insurance program for front line COVID-19 health workers, and no cost coronavirus testing for all. Listen to the podcast. You can read the Commissioner's Press Releases here
The small state with big plans for captives
Insurtech & Regulation: Commissioner explains the need for regulators to develop the skill sets to allow for effective regulation of new products and services.
Commissioner Tells Two Companies To Stop Selling Their Product - Aliera and Trinity Healthshare
Insurance Commissioner Andrew Mais, got into his current line of work “by accident.”
Connecticut Insurance Commissioner Calls on Secretary Azar to Stop Discriminatory Changes to the Affordable Care Act
Insurance Commissioner Warns Consumers Of Unlicensed ‘Health Plans’
Insurance Department Offers Preparedness Tips For the 2019 Hurricane Season
Radio interview with Andrew Mais, CT Insurance Commissioner
Statement from Insurance Commissioner Andrew N. Mais - Health Insurance Rate Filings for 2020