Delaware News

Best Upgrades Darwin Group’s Ratings after Acquisition by Allied World

A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of the Delaware-based Darwin Group and its members. Best also removed the ratings from under …

AIG Names DeSantis President, CEO of Personal Auto Group

AIG has named Anthony J. DeSantis as president and CEO of its Personal Auto Group. The Personal Auto Group includes aigdirect.com, the direct personal lines automobile insurance operations of American International Group, Inc. (AIG), AIG Agency Auto, which provides personal …

BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms

Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …

ProLawyer Insurance, LLC Announces New MGA Appointment for an Admitted Lawyers Professional Liability Product

Newtown, PA – ProLawyer Insurance, LLC is pleased to announce its Managing General Agent appointment with ProAssurance Group companies. ProAssurance Group is rated “A-” (Excellent) by A.M. Best and maintains a Financial Size Category of XII ($1B – $1.25B) for …

Delaware Court Approves $115M Settlement with Former AIG Execs

The Delaware Chancery Court has given preliminary approval to a $115 million settlement in a shareholder derivative action brought by the Teachers’ Retirement System of Louisiana against four former AIG executives and C.V. Starr & Co. The defendants from AIG, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

Fire at Vacant Delaware Building was Arson

Fire investigators say a blaze that caused $250,000 damage at a building in Smyrna, Delaware was intentionally set. The fire was reported about 2 p.m. Sunday at the vacant Smyrna-Clayton Sun Times building in the first block of West Commerce …

Donegal Insurance Reports 3Q to Reflect Hurricane, Securities Events

Marietta, Pennsylvania-based Donegal Group Inc. reported that its net income for the third quarter of 2008 will reflect realized investment losses related to its equity securities and claim activity resulting from Hurricane Ike in Ohio and western Pennsylvania on September …

West Virginia Eyes Suing Wall St. Firms over State Losses

West Virginia is considering suing investment firms at the center of the national financial crisis to recoup millions of dollars in losses to its multibillion-dollar portfolio. Gov. Joe Manchin asked his staff to research possible legal action following a briefing …

It Figures

238 Number of people charged with driving under the influence since July by Delaware’s Office of Highway Safety, which instituted a number of statewide checkpoints this summer. The anti-drunk driving campaign – nicknamed Checkpoint Strikeforce – is scheduled to end …