Delaware News

New Markets

New Markets Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique …

Medical malpractice insurance reform: A regulator’s perspective

Since St. Paul Travelers, one of the largest commercial medical malpractice companies, decided to exit the marketplace, the debate about medical malpractice reform has been raging in state capitals throughout the country. Physicians, attorneys, insurance companies, consumer groups and government …

People

Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen president and CEO of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a senior vice president for United National Group. …

Okla. Agent Allegedly Fails to Remit Tornado Victims’ Premiums

The Oklahoma Insurance Department suspended a Locust Grove, Okla., insurance agent’s license for failing to send in premium payments for several victims of this month’s tornado in Delaware County, the Associated Press reported. Oklahoma Insurance Commissioner Kim Holland will forward …

U.S. Chamber Pegs Best, Worst States for ‘Legal Fairness’

West Virginia, Louisiana, Illinois, California, and Texas were among the worst states for legal fairness, while Mississippi is improving after enacting legal reforms, according to a new ranking of the best and worst state legal systems released by the U.S. …

Legal Fairness: W.Va. Ranks Last, Miss. Moving in Right Direction

West Virginia, Louisiana, Illinois, California, and Texas were among the worst states for legal fairness, while Mississippi is improving after enacting legal reforms, according to a new ranking of the best and worst state legal systems released by the U.S. …

Travelers: Six More States Eligible for Hybrid Auto Discount

Travelers personal lines, a member of St. Paul Travelers, has announced it now offers its 10 percent discount on auto insurance for hybrid drivers in Alabama, Mississippi, Nevada, Kansas, Tennessee and South Carolina. Travelers launched its discount for hybrid owners …

New Markets

Community Banks Nuts & Bolts: OneBeacon Insurance, working with select independent insurance agents, has developed a solution for the increasingly complex risks of community banks through a combination of coverages designed specifically for these financial institutions and broader property and …

Del. Nixes Medical Malpractice Subsidies for High Risk Doctors

A Delaware House committee has tabled a bill that would allow the state to use a portion of the Delaware Blue Cross system’s excess reserves to subsidize malpractice insurance premiums for doctors in high-risk specialties. The bill, which passed the …

Cohen Appointed President, CEO of Penn Independent Corp.

Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen as president and chief executive officer of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a senior vice president for …