Part 2
A bill awaiting Gov. Dan Malloy’s signature would make it illegal for home insurers to decline or cancel coverage—or refuse to renew a policy—based solely on losses from a tropical storm or other catastrophe. Governor Malloy supports the bill, as does the Connecticut Insurance Department. Frankly, we view this legislation as a mistake and harmful to consumers. When government restricts free market actions, then insurance companies get tentative and surely will raise rates to compensate for being forced to remain on an account they would have not chosen to be. If the governor signs the legislation, already approved in both the House and the Senate, it will take effect Oct. 1, 2013





















