CCIA Supports Connecticut's Captive Insurance Solution to Crumbling Home Foundations

The state of Connecticut has decided to provide over $100 million to fund a captive insurer, Connecticut Foundation Solutions Indemnity Company, Inc., that will insure the replacement or repair of residential foundations damaged by the chemical pyrrhotite. CCIA Member Michael Maglaras & Company has been working feverishly as the Superintendent to make this captive operational. CFSIC has been licensed as a captive insurer under the Connecticut captive statutes, and is fully formed with a Board of Directors and all service providers in place. The final step remaining in order for CFSIC to launch will be the transfer of needed funding from the Connecticut Department of Housing in order to begin its mission. CFSIC expects this transfer to occur in January. Please refer to https://crumblingfoundations.org/faqs/ for more information and refer to conncaptives.blogspot.com/2018/01/captive-to-their-crumbling-foundations.html or www.captive.com/ for more background information. CCIA supports this innovative use of a captive and how it will come to the aid of affected Connecticut homeowners.

CCIA's Strategy
Please read more about how The Connecticut Captive Insurance Association will be the catalyst for change in the captive industry.
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RECENT EVENTS

CCIA 2018 Annual Collaborative
October 16-17, 2018

This event was a great success by all accounts!

CCIA Cap-a-thon Winners!

FIRST PLACE CT Captive Pitch: Closing the gap in cyber risk by working more collaboratively with 3rd party vendors!
The Innovation:

A Connecticut Captive to facilitate a more strategic and transparent partnership between the captive owner and its key vendors to manage cyber risk via a Difference In Conditions policy underwritten by the captive.


First Place - Cyber Risk Innovation Team Members (from left):
Sara Hakim, Rocco Mancini, Mersini Keller, John Ferrara, Frank Tedesco


SECOND PLACE CT Captive Pitch: A reciprocal excess cyber liability captive for risks adhering to defined rules!

The innovation:
A Connecticut Captive to act as a reciprocal to provide excess cyber liability coverage for a layer $100 million x’s $10 million. To be part of the group, members must adhere to defined risk management and risk mitigation rules.


Second Place - Cyber Risk Innovation Team Members(from left):
Chris Jackson, Janet Grace, Joseph Bastien, Anthony Klettner, Bob Butler, Patricia Henderson, Dawne Ware, George Levine, Janeanne Lubin-Szafranski, Fenhua Liu, Hugh Rosenbaum, James Panning

For further information on the Collaborative, please see ...

Agenda ❯❯
Attendee List ❯❯
What is a Cap-a-thon? ❯❯
Connecticut's first Cap-a-thon ❯❯



LATEST NEWS


Great news for the CT captive insurance market!
Senate Bill 377 (An Act Authorizing Agency Captive Insurance Companies) was enacted effective July 1, 2018.



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Your annual membership dues are vital to the CCIA's success in supporting Connecticut's world-class captive domicile.

Membership Information
PAST EVENTS


   InsurTech Hartford

September 19, 2018
Please join InsurTech Hartford at a Pitch Night on September 9 at Upward Hartford.
More information about the Agenda and Tickets


May 24, 2018
CCIA Board President Steve DiCenso and Executive Director John Thomson participated in a panel discussion with Anirban Roy of Pentation Analytics and Kwesi Quaye of Fairview Capital regarding InsurTech and Captives. The session was moderated by Martha Kalen, Hartford Innovation Places Program Manager.

The next chapter of InsurTech   ❯❯

April 18, 2018
CCIA was well-represented at the recent Hartford InsurTech Hub Demo Day


InsurTech Hartford ❯❯     Hartford InsurTech Hub ❯❯

EVENTS ARCHIVES
The 2017 Conference archives
CCIA BOARD MEMBERS






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