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flag Connecticut introduces captive insurance laws to address rising business insurance premiums.

flag Connecticut aims for another insurance boom with new laws, addressing rising business insurance costs. flag Premiums have increased for 26 consecutive quarters, with a 7.7% rise in all lines of coverage. flag Connecticut's Insurance Department introduces captive insurance, where companies take insurance coverage in-house and assume risks. flag This niche industry has grown, sending $1.3M in fees and taxes to state coffers in 2023.

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