Gov. Malloy Proposes Limitations on Health Insurance Coverage Mandates
Annually, Connecticut state legislators discuss proposals to expand what health insurance plans must cover. For 2017, that is expected to include substance abuse treatment, breast pumps, insulin injectors and fertility preservation. However, expanded coverage tends to impact premiums, resulting in increases for certain plans and in response, Governor Dannel Malloy proposed a limitation on these…
Study: Major Insurers Raise Rates After Accidents, Even If Policyholder Isn’t at Fault
You get rear-ended by another driver and at the scene of the accident, you exchange your insurance information to later file a claim with your carrier. Your insurer will compensate you for the damage of the fender-bender and in the meantime, you wait to get your vehicle fixed. However, when it comes time for auto insurance…
Competitive Advantages of a Contractual Risk Transfer Agreement
Contractual Risk Transfer (CRT) is a non-insurance contract/agreement between two parties whereby one agrees to indemnify and hold another party harmless for specified actions, inactions, injuries or damages. This risk transfer accomplishes objectives found in both risk financing (finding a source to pay the cost of a claim) and risk control (developing a means to…
Cyber Security Insurance for Businesses
Do you use technology to manage patient records or customer information? Does your company have a website or social media presence to promote your business online? No matter the size of your workforce, if you answered yes to either of these questions, your company is in need of cyber security insurance. As the country’s fastest-growing form of…
Commercial Insurance for Pharmacies
Wherever you travel across the country, there is almost always a pharmacy to refill a prescription or pick up a couple of over-the-counter medications. In recent years, these businesses have started expanding their operations to offer more features and benefits for their customers. But, with more features comes additional risks. Pharmacies looking to protect themselves…
