Delaware News

Del. Insurance Chief Denn in Line for Lt. Gov. Nomination

Wilmington (Delaware) City Council President Ted Blunt has suspended his campaign for lieutenant governor. Blunt issued a statement saying it was important for the Democratic Party to unite. The move clears the way for Insurance Commissioner Matt Denn to become …

Business Moves

AmWINS, Beacon Risk Strategies Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not disclosed. Founded in 1999, Beacon Risk Strategies provides stop-loss products to protect …

It Figures

$18 Million Estimated damage caused by a string of tornadoes that struck Suffolk, Virginia in late April, damaging more than 1,200 houses. Gov. Tim Kaine pledged to make available any state resource to help in the recovery effort. $8 Million …

Del. Bill Would Ban Car Insurance Hikes for Volunteer Emergency Workers

Insurance companies in Delaware would be banned from raising the auto insurance rates of policyholders or dropping their policies because they are volunteer firefighters and ambulance company members a under proposed legislation. Senate Bill 239 is sponsored by state Sens. …

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. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …

Cafeterias Cooking Up Explosive Sales, Expansion in Restaurant Market

There are more than a half million enterprises in the restaurant and bars market generating approximately $5.5 billion in all lines premium. This is a sector that has enjoyed generally solid to exceptional growth in sales and employment in recent …

Conectiv to Pay $1.65M to Settle Racial Suit in Pennsylvania

Conectiv Energy and three subcontractors will pay $1.65 million to settle a discrimination lawsuit filed by four black workers in Pennsylvania who said they were subjected to racial slurs, Ku Klux Klan graffiti and a noose that was left hanging …

N.Y. to Lower Reservoirs to Reduce Flood Risk for Delaware River Towns

At the request of Pennsylvania Gov. Ed Rendell, New York City has agreed to release more water from its reservoirs in the Catskills in an effort to reduce the danger of flooding in communities downstream along the Delaware River. Flood-battered …

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. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Yahoo May Face Lawsuit Flood after Microsoft Talks Collapse

Yahoo Inc. likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp., even if investors find holding the company responsible to be an uphill battle. Microsoft pulled its sweetened $33-per-share offer Saturday because …