Delaware News

People & Places

Catherine Rein MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective Jan. 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will oversee MetLife’s human resources, audit, information …

Del. to Require New Disclosures by Home Insurers

Delaware Insurance Commissioner Matthew Denn planned to reveal a new regulation today that will require insurance companies to provide prominent annual disclosures to each homeowner’s policyholder of where there might be gaps in the homeowner’s coverage, and whether the homeowner …

Tower Group Expanding to States Throughout East Coast, Including N.J., Conn., Mass. and Md.

Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following states: New Jersey, Connecticut, Massachusetts, …

Delaware Measure Targets Uninsured Motorists

Delaware Insurance Commissioner Matt Denn, State Senator David Sokola and State Representative Donna Stone have unveiled bi-partisan legislation which will allow the state to increase enforcement of its uninsured motorist laws. The legislation will allow state police officers and members …

Ohio Passes Mine Subsidence Insurance Bill

Legislation initiated by the Ohio Department of Insurance and the Ohio Department of Natural Resources that enhances insurance benefits for Ohioans living in counties affected by mine collapses passed the Ohio General Assembly recently. House Bill 425 changes the Ohio …

CDS Business Mapping Adds District, States to Report

CDS Business Mapping LLC, a provider in online property risk mapping, has added The District of Columbia, Delaware, Louisiana, Maryland and Virginia, to its Distance to Fire Station report on the RiskMeter Online (www.RiskMeter.com). This brings the total number of …

New Delaware Insurance Commissioner Denn Supports Bill to Ban Use of Credit Scoring by Insurers

Wasting little time acting on one of his campaign promises, new Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal lines insurance rating. …

Virginia House GOP Transportation Plan Calls for Funding in Part by Insurance Premium Tax

Republicans in the House of Delegates plan to announce a $938 million transportation package that directs some money from the state’s general operating fund and some from the state tax on insurance premiums to transportation. The proposal exceeds the $824 …

Safety National Casualty Suspends 2 Employees Following Internal Probe of Dealings with Marsh

Safety National Casualty Corp., an excess workers’ compensation insurer based in Missouri, has suspended two of its employees for past insurance solicitation practices involving Marsh & McLennan. The action came after an internal investigation by Safety’s parent, Delphi Financial Group …

Love Alone Can’t Keep Pa.'s Perpetual Green Tree in Business Forever

I really do love this company,” said Charles Barber, who is facing the reality that the end is near even while holding out hope that an investor will appear to keep alive his beloved 220-year old insurance company. Barber’s company, …