Delaware News

STATE FARM TRIMS HOMEOWNERS RATES:

Delaware Insurance Commissioner Matt Denn announced that State Farm Insurance, the state’s largest insurer of homes and second largest auto insurer, would cut its automobile and homeowners insurance rates by an average of 5 percent in the coming year. This …

New Markets

Staffing Firms Nuts & Bolts: Victor O. Schinnerer and Company launched SpecialtyOne, an errors and omissions insurance program for management consultants and staffing firms. Target risks for the program include a range of consultants such as management, marketing, human resource, …

State Laws Vary on Driving Distractions

New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the wheel. The state whose …

People & Places

Joseph Savarese NBIS appointed Joseph Savarese senior vice president of underwriting. He will focus on the company’s Eastern and Western U.S. presence working to establish a network of insurance agents and brokers in the contractors insurance market. Savarese began his …

State Laws Vary on Driving Distractions

New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the wheel. The state whose …

Outsourcing Coverage

Nuts & Bolts: Lexington Insurance Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and overseas outsourcing. Outsourcing Protector, an endorsement to Lexington’s multiperil …

Senate Backs Linking Federal Safety Funds to States’ Seat Belt Laws

The U.S. Senate this week backed a provision promising federal aid for safety programs to states that enact laws allowing police to stop motorists for seat belt violations. On a 86-14 vote, the Senate rejected an amendment to a $295 …

Conn. to Hear Travelers Life Sale to MetLife on June 7 in Hartford

Connecticut Insurance Commissioner Susan F. Cogswell announced a public hearing on the proposed acquisition of the Travelers Insurance Company and the Travelers Life and Annuity Company, both Connecticut insurance companies, by MetLife, Inc., a Delaware corporation. The public hearing will …

State Farm Trims Del. Homeowners Rates by Average of 5%

Delaware Insurance Commissioner Matt Denn announced that State Farm Insurance, the state’s largest insurer of homes and second largest insurer of automobiles, would cut its automobile and homeowners insurance rates by an average of 5 percent in the coming year. …

People & Places

Alex Soto The Independent Insurance Agents & Brokers of America’s national board has nominated Alex Soto as the association’s president-elect and has elected Robert Fulwider as the next vice president. Once confirmed by the association membership, Soto will assume his …