Delaware News

AIIC NJ, Regulators Reach Compromise, Withdrawal Plan Suspended

American International Insurance Company of New Jersey (AIIC NJ), a subsidiary of American International Group, announced that it has reached an agreement with the State of New Jersey Department of Banking and Insurance that will enable it to maintain its …

PIAA of Penn., Md., Del. Urges Rules on ‘Credit Scoring’

The members of a task force from the Professional Insurance Agents Association of Pennsylvania, Maryland and Delaware recently met with representatives from all three state insurance departments, and urged that rules be adopted to protect policyholders from the increasingly widespread …

Frontier Pacific Liquidated

Frontier Pacific Insurance Company, which was conserved because it is insolvent, was finally given the Liquidation Order on Dec. 3. Frontier Pacific, which is domiciled in California, is headquartered in San Diego and is a wholly owned subsidiary of Frontier …

InsuranceNoodle Adds Five States to Roster

InsuranceNoodle announced it has begun selling insurance in Mississippi, Nevada, New Hampshire, North Dakota and Utah. With the addition of these five states, the e-broker is now licensed in 45 states and the District of Columbia and reaches 96 percent …

Cook County Illinois Circuit Court Follows Department’s Determination

Illinois Insurance Director Nat Shapo announced last week that the Cook County Circuit Court issued an Order of Liquidation With a Finding of Insolvency against United Capitol Insurance, following the Department of Insurance’s determination that the company was insolvent by …

Sunny Skies on East Coast Heighten Drought Threat

The mild dry weather which the East Coast has enjoyed for almost three and a half months has unfortunately caused a serious downside, as the lack of rainfall threatens to exacerbate drought conditions throughout the region. An investigation by Washington …

InsureZone’s AgentSecure Adds Seven New Customers

InsureZone, the nationwide “clicks and mortar” insurance agency that enables purchases of small commercial insurance through multiple channels, announced that AgentSecure — its Web-enabled market-access program for smaller and rural commercial agents — has picked up seven new exclusive co-marketing …

Donegal Selects Mellon’s ebis System for Billing and Agency Access

Donegal Mutual Insurance Co., based in Marietta Penn., has selected Mellon Financial Corp.’s “Electronic Billing Insurance System (ebis) to process certain of their agency billing functions.” “Mellon’s ebis platform will improve our level of accounting control, allow us to collect …

‘Fraud Fighter’ Awards For Two Penna. Insurance Investigators

The Pennsylvania Insurance Fraud Prevention Authority (IFPA) honored the work of two veteran insurance investigators, Nationwide’s George K. Butler and Erie’s Richard K. Fritz, with its first ever “Fraud Fighter Awards.” Butler, a special investigator in Nationwide’s Philadelphia office, and …

Illinois Company Conserved

Illinois Insurance Director Nat Shapo announced that he obtained an Order of Conservation against United Capitol Insurance Company on Sept. 12, following the Department of Insurance’s determination that the company was insolvent by more than $1 million. The order was …