Business Law & Liability

A business climate that's healthy and creates jobs needs reasonable standards governing the transaction of commerce. Connecticut's business law should be as consistent as possible with federal laws, model acts and guidelines found in other states.

CBIA recommends:

• Establish a balance that provides insurance consumers with the necessary information so that they may make educated choices, while also protecting the insurance market from measures that would hinder its ability to be competitive.
• Set reasonable standards for when an offer of judgment can be made.
• Establish a reasonable rate of interest for offers of judgment.
• Strengthen Connecticut's tort-reform laws and make them consistent with federal practice by prohibiting the introduction of evidence of product improvements as proof that design defects exist.