Delaware’s volunteer fire, rescue, and ambulance companies will be receiving more money from insurance premiums this year than they did last year. Officials say the emergency service agencies will receive about $26.5 million in the current fiscal year, up from …
A Superior Court judge has ruled that a sexual harassment case against Delaware State Police may proceed. State officials wanted to quash the lawsuit by state police secretary Diana L. Miller but Judge Jerome O. Herlihy rejected their arguments. But …
Delaware added 48 new captive insurers last year, doubling the state’s total to 96 captives, according to state regulators. Steve Kinion, director of the state’s Captive Bureau, said the growth stemmed from a number of re-domestications from off-shore nations to …
Brown & Brown Inc. reports that Charles H. Charlie Lydecker has been elected regional president responsible for a number of the company’s retail operations in the state of Florida and for certain of its retail operations in Arizona, New Jersey, …
A ban on hand-held cell phone use while driving is taking effect in Delaware. Beginning Sunday, drivers will have to carry on their cell phone conversations using hands-free devices. The law also bans texting while driving, and drivers cannot use …
Indiana Insurance Commissioner Stephen W. Robertson announced that Guggenheim Life and Annuity Co. will reinsure policies originally issued by Standard Life Insurance Company of Indiana, which has been in rehabilitation for two years. Standard Life is undergoing reorganization. As part …
A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Delaware-based Clarendon Insurance Group and its members. The ratings action affects the following companies …
The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance premiums. AIG and its workers compensation insurance affiliates …
The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Fireman’s Fund Insurance Companies, which includes Novato, Calif.-based Fireman’s Fund Insurance Company and its intercompany …
