The post, Can Appraisal Turn Into A Kangaroo Court, noted that a number of Connecticut courts describe appraisal as arbitration. Does Connecticut’s arbitration code determine the process of appraisal in Connecticut?
Continue Reading Does The Appraisal Process Follow the Arbitration Code in Connecticut?
Matching can be one of the more difficult and contested issues in the property insurance world. Some jurisdictions address the issue by statutes and regulations requiring the replacement of undamaged items when the damaged items cannot be replaced in a way that achieves a reasonably uniform appearance. Other jurisdictions address the issue through case law.
Continue Reading Connecticut’s Matching Statute
The mission of the Connecticut Insurance Department is consumer protection. The Department carries out its mission by enforcing state insurance laws to ensure policyholders are treated fairly, by providing assistance, outreach, and education to help consumers make sound choices, and by regulating the industry in a fair and consistent manner that fosters market competition for availability of insurance.
Continue Reading How to File a Complaint with the Connecticut Division Of Insurance About Your Delaying, Denying and Bad Treating Insurance Company
Last year I wrote a blogpost about the large class action lawsuit in Connecticut centered on the crumbling foundations due to pyrrhotite in the concrete poured by the J.J. Mottes Company in approximately 20,000 buildings across Connecticut.
Continue Reading Federal Court Certifies Question Regarding Collapse to Connecticut Supreme Court
Contrary to most New York policies which require notice to be given “promptly”, Connecticut policies tend to require notice “as soon as practical.”
Continue Reading Connecticut Notice of Claim Requirements
In advance of Hurricane Jose, a tropical storm watch was issued for parts of the Long Island and Connecticut. Although the storm is expected to stay out to sea, the area is expecting rain, rough surf, and wind and beach erosion.
Continue Reading Tropical Storm Watch Issued for Parts of Long Island and Connecticut
Following another reader’s request, in this week’s post on our series on Assignments of Benefits (AOBs) we are looking at Connecticut and how AOBs are managed there.
Continue Reading Assignment of Benefits, Part 11: Connecticut
As we have toured around the country, we have seen states that are very protective of policyholders through extensive claim handling guidelines. Others have very few regulations. While Connecticut has a statute barring unfair claims practices, it is actually an example of the latter.
Continue Reading Claims Handling Requirements by State – Connecticut
Crumbling foundations have been an ongoing issue in Connecticut for the past few years. A flurry of lawsuits have been filed against many insurers due to collapsed foundations, and even one class action lawsuit. It all stems from concrete from the quarry, Becker Construction Company, and poured by J.J. Mottes & Company. This company poured approximately 20,000 foundations in the past 30 years. J.J. Mottes has been accused of shady business practices such as pouring leftover concrete shown to contain pyrrhotite, a mineral that can cause cracking as it reacts with water and oxygen.
Continue Reading If Your Foundation is Crumbling in Connecticut, You’re Not Alone
The Broad Evidence Rule has been used in Connecticut to calculate Actual Cash Value (ACV) on property damage cases since 1959.1 That all changed in 2011 when the Connecticut House of Representatives passed Substitute House Bill No. 6238. This bill nullified the Broad Evidence Rule and instead calculated ACV for homeowners and commercial risk insurance properties by taking the Replacement Cost Value and deducting depreciation to obtain ACV.
Continue Reading Connecticut Values Actual Cash Value as Replacement Cost Value Minus Depreciation