STATE OF CONNECTICUT
Thomas B. Leonardi
Insurance Commissioner: Department Extends Automatic Renewal For
Emergency Casualty Adjusters In Wake of Blizzard
Department Activates Catastrophe Adjuster Licensing Program
Insurance Commissioner Thomas B. Leonardi today announced that in anticipation of a heavy volume of damage claims from the weekend blizzard, the Department is granting an automatic 90-day license extension for the insurance company casualty adjusters who were granted emergency licenses for Storm Sandy.
“We know carriers will be busy in the coming weeks with claims on hundreds of vehicle accidents, roof collapses and other property damage in the wake of this historic blizzard and we want them to be able serve customers as quickly as possible,” Commissioner Leonardi said. “We issued thousands of temporary adjuster licenses so that companies could deploy out-of-state help to handle Sandy claims. This automatic renewal will extend those licenses for three more months.”
The Department issued nearly 6,000 emergency adjuster licenses to more than 90 insurance companies for Storm Sandy requests.
The commissioner said for companies that need to secure new emergency adjuster licenses, the Department activated its Catastrophe Adjuster Licensing Program over the weekend and is processing new applications daily. The Program allows companies to mobilize substantial out-of-state help to meet the needs of their Connecticut customers.
About the Connecticut Insurance Department: The mission of the Connecticut Insurance Department is to protect consumers through regulation of the industry, outreach, education and advocacy. The Department recovers an average of $4 million yearly on behalf of consumers and regulates the industry by ensuring carriers adhere to state insurance laws and regulations and are financially solvent to pay claims. The Department’s annual budget is funded through assessments from the insurance industry. Each year, the Department returns an average of $100 million a year to the state General Fund in license fees, premium taxes, fines and other revenue sources to support various state programs, including childhood immunization.
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