Delaware News

DEVELOPMENT EFFECT ON FLOODING:

A doctoral student says his study of two small streams in eastern Pennsylvania appears to back up what inundated residents have long suspected: flooding along small creeks and streams is worsened when land is paved over. Joshua Galster watched the …

Financial Institutions

Nuts & Bolts: ISO introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability. The program includes policy forms and endorsements, underwriting rules, loss costs (projections of future claims) …

In Ark., Lincoln, Pryor, Carper Say Insurance Should be National Priority

Congress should make it “a great national priority” to help provide health insurance for America’s uninsured, Arkansas’ U.S. Sen. Blanche Lincoln says. The Associated Press reported that Lincoln was joined by two other senators recently in pushing her bill to …

Fla. DOI Sets June 1 Hearing for Sirius Intl. Case

A June 1 hearing date has been set for a reinsurance unit of Bermuda-based White Mountains to meet with Florida regulators following allegations the unit was selling insurance in the state without a license. According to The Royal Gazette, published …

Student Study Backs Pa. Residents’ Claims of Development Effect on Flooding

A doctoral student says his examination of two small streams in eastern Pennsylvania appears to back up what inundated residents have long suspected: flooding along small creeks and streams is worsened when land is paved over. Joshua Galster watched the …

PMA Group Names Spina as VP

The PMA Insurance Group, a property and casualty insurer in Blue Bell, Pa., specializing in workers’ compensation, has promoted Mario Spina vice president of direct sales. Spina is responsible for managing PMA Direct, a sales and service team that interacts …

DENN TACKLES AUTO FRAUD:

Delaware Insurance Commissioner Matt Denn has initiated several policy changes in the way auto insurance fraud cases are handled. He said that hearings for auto insurance fraud will now take place in public. Fines for persons found to have committed …

MED-MAL SOLUTIONS SOUGHT:

Delaware Insurance Commissioner Matt Denn and a bi-partisan group of legislative leaders, physicians, and civic leaders announced a five-part plan to address medical malpractice insurance rates: A high-profile recruitment team to reach out to different insurance companies to encourage them …

N.Y. Gov. Requests Federal Disaster Aid for 14 Counties Following Storms

New York Gov. George Pataki has asked President Bush to declare a major federal disaster for 14 counties across the State, making them eligible for federal assistance as a result of the April 2-4 rain storms that resulted in record …

Harleysville’s Browne Named to IFP Board

Michael Browne, president and chief executive officer of Pennsylvania-based Harleysville Group Inc. and Harleysville Mutual Insurance Company, has been elected to a three-year term on the board of directors of the Insurance Federation of Pennsylvania. Browne was named Harleysville’s chief …