A bill awaiting Gov. Dannel P. 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.
The first Connecticut health insurer to file proposed rates for health plans that will be sold on a public exchange, HealthyCT Inc. is requesting monthly rates ranging from $156 to $1,501 per person for small-group plans, according to regulatory documents.
The state’s $365 million budget deficit dates, in part, to two years ago when Connecticut became the first state to expand medical coverage to low-income adults as an early adopter of federal health care reform.
Connecticut took a “nose dive” to last place in a report assessing the credit quality of all 50 states released Tuesday by Conning, Inc., a Hartford-based asset manager that does financial research for insurers and institutional investors.
The report took a scathing view on the state’s rising unemployment, declining home prices, high debt per capita and other factors, though state officials resisted the notion that Connecticut’s credit is the worst in the country.