Conn.: Legislative session recap: Reform achieved, risks mitigated and the road ahead 

Conn.: Legislative session recap: Reform achieved, risks mitigated and the road ahead 

At the start of the 2025 Connecticut legislative session, PIACT set an ambitious goal to make significant reforms to the state’s excess and surplus lines placement process; protect consumers from increased premiums; and protect producers from errors-and-omissions exposures. Now with the 2025 session in the rearview mirror, PIACT can claim with confidence: Mission accomplished.  With the passage of H.B.6981, PIACT secured a major win that will modernize the way brokers access the E&S market. Meanwhile, PIACT engaged in advocacy on bills related to flood insurance disclosures, dog breed underwriting and fossil fuel infrastructure surcharges—shaping outcomes that reflect the realities and needs of producers and consumers alike.

Fire and water damage coverage essentials

Fire and water damage coverage essentials

Fire and water damage coverage is necessary for most businesses that depend on a safe and functioning environment. An unexpected fire or water-related incident can disrupt their operations. Without the right insurance, damage to property, equipment, or client areas...

Deep dive: State of the marketplace 2025

Deep dive: State of the marketplace 2025

Macroeconomic factors and the marketplace have created favorable conditions for the insurance industry (as a whole) leading to strong, consistent profitability. While the industry continues to offer benefits like stability, recurring revenue and a robust secondary market, new challenges have emerged that can impact the insurance business negatively and create additional risk.