HARTFORD, Conn. (AP) — Connecticut's venerable insurance industry is making a pitch for business just as the new federal health insurance marketplace begins to take shape.
The Connecticut Captive Insurance Association, a trade group, has scheduled a meeting on Wednesday in Stamford to share information. Captive insurance companies are subsidiaries set up by large companies to insure the company's risks. Companies can save money that would otherwise go to the bottom line of insurance companies.
The objective is to "raise the profile of Connecticut" as the home state for captive insurance business, said Tom Hodson, president of the group.
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