Connecticut Insurance Department to Host Virtual Session for PHL Policyholders

CID to provide updates and information for those with PHL policies and annuities

Apr. 1, 2026 at 12:00am

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The Connecticut Insurance Department (CID) has announced it will host a virtual information session for policyholders of PHL, a major insurance provider that recently faced financial difficulties. The one-hour session aims to address questions submitted in advance and offer clear, direct communication to PHL customers about the status of their policies and annuities.

Why it matters

The collapse of PHL has left many Connecticut residents uncertain about the status of their insurance coverage and retirement savings. This virtual session is an important step by the state's insurance regulator to provide transparency and guidance to affected policyholders during a challenging time.

The details

The CID's virtual information session will cover a range of topics related to PHL's financial situation and the status of its policies and annuities. Policyholders will be able to submit questions in advance, which the CID will then address during the one-hour session.

  • The virtual information session will take place on March 31, 2026.

The players

Connecticut Insurance Department (CID)

The state agency responsible for regulating and overseeing the insurance industry in Connecticut.

PHL

A major insurance provider that has recently faced financial difficulties, leaving many Connecticut residents uncertain about the status of their policies and annuities.

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What’s next

Policyholders are encouraged to submit their questions in advance of the virtual information session, which will help the CID address their concerns during the event.

The takeaway

This virtual session represents the CID's effort to provide clear and transparent communication to PHL policyholders, helping them navigate the uncertainty surrounding their insurance coverage and retirement savings during a challenging time.