Delaware has elected New Castle County Sheriff, Trinidad Navarro, as its next insurance commissioner. Navarro won the race against Republican Jeff Cragg and is set to succeed Commissioner Karen Weldin Stewart. “For too long, Delaware insurance consumers have not had …
Delaware Insurance Commissioner Karen Weldin Stewart approved the Delaware Compensation Rating Bureau (DCRB)’s workers’ compensation amended rate filing, which recommends no changes in the overall levels of residual market rates and voluntary market loss costs for 2017. “I hope this …
Delaware Insurance Commissioner Karen Weldin Stewart is encouraging Delaware residents to take action now to prepare for potential damages and interruptions from Hurricane Matthew. Although it is too early to predict the long-term track of the storm, residents are encouraged …
Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct examination of a company’s practices performed by the …
The Delaware Department of Insurance said several consumers have recently contacted the department’s Consumer Services Division regarding a letter they received in the mail from “Aetna, Treasury Services – Unclaimed Property.” The letter states that the consumer may be owed …
The Delaware Department of Insurance said the department last year recovered more than $1.9 million for policyholders, and helped business owners save nearly $9.3 million in workers’ compensation insurance costs. The department returned over $1.9 million to consumers in two …
Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special purpose captive insurers and 112 series captive insurers, for a …
The Delaware Department of Insurance is reminding auto insurers that broad release language in settlement agreements which technically preclude a personal injury protection (PIP) carrier from pursuing its subrogation claim is unenforceable pursuant to the 21 Del. C. § 2118(g) …
Delaware Insurance Commissioner Karen Weldin Stewart announced that insurers will issue more than $2 million in rebates to 14,399 health insurance policyholders in Delaware as a result of the Affordable Care Act’s 80/20 medical loss ratio rule. The rule requires …
Delaware Insurance Commissioner Karen Weldin Stewart today announced the approval of Delaware Compensation Rating Bureau (DCRB)’s workers’ compensation amended rate filing, resulting in an overall average increase of 7.09 percent in residual market rates and 7.20 percent in voluntary market …
