Delaware News

Delaware Court Rebuffs D&O Insurer on Proportionate Defense Costs

The Delaware Superior Court has ruled that a directors and officers insurance company must pay defense costs on behalf of its policyholder to the full policy limits against a criminal indictment alleging many wrongful acts over an extended period involving …

It Figures

$475,000 Amount spent on state lobbyists in Massachusetts by Commerce Insurance Group in the first six months of 2008 – making it the largest single spender on lobbying in that time frame. The expenditures come as the state’s largest auto …

Narragansett Bay Insurance Adds Provolo as Assistant Controller

Narragansett Bay Insurance Co. in Pawtucket, R.I. has added Debra Hemingway Provolo as assistant controller. Provolo worked previously as an assistant controller at Citizens Communications Co. She has 17 years of financial accounting management experience. Blackstone Financial Group, Inc., a …

Newt Gingrich to speak at Eighth Annual Target Markets Summit

Target Markets Program Administrators Association – Wilmington, DE, July 2008. The Target Markets Program Administrators Association (TMPAA) has announced that Newt Gingrich, former Speaker of the U.S. House of Representatives, author of the “Contract with America,” and Time magazine’s 1995 …

Delaware County Suspects 9th Arson at Vacant Property

Delaware fire investigators say a fire at a vacant home in Sussex County earlier this week was intentionally set, the ninth arson at a vacant home in the area over two months. This Monday’s fire was reported around 1:30 a.m. …

N.H. Modifies Producer, Adjuster Licensing Law, Fees

New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …

Blogs Can Get Insurance Clients ‘SLAPP’ed!

A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondoInvestments). Hollo v. …

Meholic to Head The Main Street America Group’s Richmond Region

Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. Meholic, who has extensive background leading property-casualty operations in the mid-Atlantic marketplace, will report to Doug Eden, Main Street America’s senior vice president, …

California AG Sues Cement Plant for Hexavalent Chromium Exposure

California Attorney General Edmund G. Brown Jr. and District Attorney Rod Pacheco sued TXI International, a Riverside, Calif.-based cement plant, for exposing people to the potent carcinogen hexavalent chromium without providing warnings to the community as required by law. “Dust, …

E&S Broker TAPCO Expands to Serve Delaware, New Jersey Retail Agents

TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its products and proprietary quoting and binding process to retail agents in Delaware and New Jersey. TAPCO says its “instant” service model with …