Delaware News

Tower Group Completes Buy of 9 Insurer Licenses

Tower Group, Inc.has completed the acquisition of North American Lumber Insurance Company, an insurance company with active licenses in the nine states which it plans to use to expand. The states are New Jersey, Connecticut, Massachusetts, Rhode Island, Vermont, Maryland, …

Maryland House Advances Teen Driving Bills

The House of Delegates gave its preliminary approval this week to a package of bills that tightens rules governing young drivers, in an attempt to cut down the number of grisly teen crashes. “This is not a silver bullet for …

Asbestos Litigation: Manufacturing’s Silent Killer

If you still had doubts about the need for lawmakers to pass serious legal reform, you should have been convinced by the hurried filing of 85 questionable class action lawsuits in just two neighboring Illinois counties in the single week …

Property for Public Entities

Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of …

Property Program for Public Entities

Nuts & Bolts: Victor O. Schinnerer and Co. offers an admitted property policy for all types of public entities. It features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of loss, including …

M&T Bank Renames Insurance Agency

M&T Bank out of Buffalo, N.Y. has changed the name of its commercial property and casualty insurance agency from Matthews, Bartlett & Dedecker, Inc. to M&T Insurance Agency, Inc. The bank said the change has been approved by the New …

Del. Moves to Yank License Plates of Uninsured Drivers

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

PCI: Banning Credit Score Use Will Hurt Del. Consumers

A Delaware bill that would ban insurers from using credit history to underwrite auto and homeowner policies would raise prices for most insurance consumers, according to the Property Casualty Insurers Association of America (PCI). “Credit history allows insurers to write …

Delaware Senate Panel Weighs Pros and Cons of Ban on Insurers’ Use of Credit Scoring

Delaware Insurance Commissioner Matt Denn urged the Senate Insurance and Elections Committee to pass Senate Bill 2, which would prohibit the use of credit scoring in auto and homeowners insurance policies in Delaware. Denn told the committee that credit scoring …

DVUA Announces Management Reassignments

Edward Levy, president and chief executive officer of Delaware Valley Underwriting Agency Inc. in Hatboro, Pa., announced new management assignments effective immediately. Rita Hanebury assumes responsibility as vice president/manager. Hanebury’s previous title was vice president/assistant manager. She will continue to …