NEW CONNECTICUT CAPTIVE INSURANCE LAWS

Public Act 23-15 Enhances Captive Insurance Companies and Strengthens Support for the Industry Connecticut Governor Ned Lamont, has signed into law Public Act 23-15, An Act Concerning Captive Insurance Companies, a groundbreaking piece of legislation aimed at bolstering the captive insurance industry in the state. The bill, championed by Commissioner Andrew Mais of the Connecticut Insurance Department (CID), marks a significant milestone in advancing a business-friendly regulatory environment that encourages innovation and supports the growth of captives to provide more options for businesses to manage their risk. Public Act 23-15 introduces several key changes to Connecticut’s captive insurance laws, offering increased support and flexibility for captives, owners, and service providers. The legislation, which will become effective on October 1, 2023, introduces the…

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BLUMENTHAL & SCHAKOWSKY INTRODUCE ROAD TO ZERO RESOLUTION TO END ROADWAY FATALITIES & IMPROVE TRAFFIC SAFETY

Traffic fatalities are the leading cause of death for Americans under 54, killing over 100 people every day [WASHINGTON, D.C.] – Today, U.S. Senator Richard Blumenthal (D-CT) and U.S. Representative Jan Schakowsky (D-IL) reintroduced the Road to Zero resolution to reduce traffic fatalities and improve roadway safety for drivers, passengers, pedestrians, bicyclists, and others on the road. Introduction of the resolution follows yesterday’s announcement by the National Highway Traffic Safety Administration (NHTSA) that over 9,000 people died in traffic crashes during the first three months of 2023. By improving data collection and promoting access to safe, reliable transportation, the Road to Zero resolution aims to end roadway fatalities by 2050.   “Road to zero is reachable and responsible,” said Blumenthal. “Roads must be made…

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$6 MILLION IN VOLKSWAGEN SETTLEMENT FUNDS TO EXPAND ELECTRIC VEHICLE CHARGING STATIONS IN CONNECTICUT

(HARTFORD, CT) – Governor Ned Lamont today announced that his administration is releasing more than $6 million from the legal settlement in the Volkswagen Corporation (VW) emissions cheating scandal to fund 54 electric vehicle supply equipment (EVSE) projects across Connecticut. Administered by the Connecticut Department of Energy and Environmental Protection, the state is making these funds available for the installation of EVSE to encourage the use of electric vehicles. Approximately $1.8 million is being awarded for EVSE deployment at state government sites to advance the sustainability goals of Governor Lamont’s Executive Order No. 1, with an additional $3.3 million awarded for municipal projects, ten of which are located in environmental justice communities. Additionally, nearly $1 million is being dedicated to…

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$144 MILLION TO IMPROVE BROADBAND CONNECTIVITY IN CONNECTICUT

(HARTFORD, CT) – Governor Ned Lamont and Department of Energy and Environmental Protection Commissioner Katie Dykes released the following statements in response to the announcement made today by President Joe Biden and the U.S. Department of Commerce’s National Telecommunications and Information Administration that Connecticut is receiving $144 million in federal funding to support its ongoing efforts in deploying affordable, reliable high-speed internet service statewide: Governor Lamont said, “Today’s announcement by the Biden administration that Connecticut will receive $144 million to expand broadband deployment is welcome news to the residents and businesses of our state. We know that fast, reliable internet connectivity is a necessity in our increasingly digital world. Thanks to President Biden and Connecticut’s amazing Congressional delegation, this funding will help…

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Senator Gaston Selected to Participate in 2023 Emerging Legislative Leaders Program

State Senator Herron Keyon Gaston (D-Bridgeport) has been selected to participate in the 2023 Emerging Legislative Leaders Program taking place at the University of Virginia’s Darden School of Business. Senator Gaston was chosen as one of 55 legislators from 46 state across the U.S. “I am so thankful for quite an opportunity to continue to grow and learn with other legislative leaders from around the U.S.,” said Senator Gaston. “It is an honor to have the hard work I did this past legislative session recognized. This program will provide myself and others with long-term benefits I can take with me for future endeavors through challenging discussions amongst other successful lawmakers. I look forward to learning from professors and other individuals who are afforded…

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