Delaware News

Pa. Counties Flood for Second Time in 7 Months

The grim task of damage assessment continued last week as officials in nine Pennsylvania counties took note of houses, businesses, roads and bridges stricken by flooding from rains last weekend. Thousands of structures up and down the Delaware and Susquehanna …

Pa. Gov. Requests Accelerated Presidential Disaster Declaration Process Following Weekend Storm

Pennsylvania Gov. Edward Rendell has sent a letter to President George W. Bush regarding last weekend’s flooding along the Delaware and Susquehanna Rivers. Because many of the flood-impacted areas suffered extensive, multi-million dollar losses six months ago at the hands …

Insurers Warn in Study: Unprofitable Del. Auto Insurance Market Could Face Reduced Competition

Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers Association of America. The primary reason for these poor …

Hundreds Evacuated as Delaware River Floods

After Hurricane Ivan filled their little ranch house in Easton, Pa. with several feet of water, Dale and Charlotte Barr spent $40,000 to get it back in shape, doing most of the work themselves. They were just about to tackle …

UNINSURED DRIVERS’ LICENSES TARGETED:

Delaware Insurance Commissioner Matt Denn has asked the Senate Public Safety Committee to send Senate Bill 20, a bill improving the state’s enforcement tools against uninsured drivers, to the full Senate for a vote. The bipartisan bill sponsored by Sen. …

States Try Narrow and Broad Approaches to Curbing 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

Michael Moran Michael F. Moran has joined California-based wholesale broker Network E&S Insurance Brokers, LLC, as a partner and its chief operating officer. His immediate responsibility will be to establish and to staff an office in Los Angeles. Moran brings …

Del. Undertakes 5-Point Plan to Address Medical Malpractice and Attract More Competition

Delaware Insurance Commissioner Matt Denn and a bi-partisan group of legislative leaders, physicians, and civic leaders announced today a series of initiatives to address Delaware’s medical malpractice insurance rates. “This is a comprehensive, bi-partisan effort to deal with the rising …

Del. Cracks Down on Auto Insurance Fraud

Delaware Insurance Commissioner Matt Denn has initiated a crackdown by his department on auto insurance fraud. Denn announced several policy changes in the way auto insurance fraud cases are handled, including makeing them public. Denn also announced his officie was …

Bank Insurance Brokerage Fee Income Jumps 22% to Record $3.6 Billion

Banks increased their 2004 insurance brokerage fee income by 22.2 percent from $2.97 billion in 2003 to a record $3.63 billion earned in 2004, according to Michael White’s 2004 Year-End Bank Insurance & Investment Fee Income Reports. The 2004 report, …