Delaware News

Declarations

Unfunded’ mandate “Here in New Hampshire, we pride ourselves on being frugal, and here in New Hampshire, we pride ourselves on respecting the privacy of our neighbors. We are not about to be coerced into an unfunded mandate, especially one …

Bankruptcy and D&O claims settlements

Ever since “entity coverage” became a part of the standard directors’ and officers’ policy, bankruptcy courts have wrestled with the question of whether D&O policy proceeds are property of the bankrupt estate and therefore subject to the bankruptcy code’s automatic …

Workers’ comp may not cover employee horseplay

A Delaware oil refinery worker injured in a practical joke by his co-workers may be allowed to sue them, the state Supreme Court has ruled. Stephen Grabowski was injured in October 2000 when three co-workers grabbed him in a bathroom …

Declarations

‘Unfunded’ mandate “Here in New Hampshire, we pride ourselves on being frugal, and here in New Hampshire, we pride ourselves on respecting the privacy of our neighbors. We are not about to be coerced into an unfunded mandate, especially one …

Business Moves

Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not disclosed. InsuranceNoodle offers Willis a proprietary Web-based technology platform for online application …

My New Markets

Vacation Income Property Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a trust, …

Report: N.C. among states with worst traffic, S.C. among best roads

Nearly 52 percent of U.S. urban Interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual highway performance report. “Gridlock isn’t going away,” said David …

Bankruptcy and D&O Claims Settlements

Ever since “entity coverage” became a part of the standard directors’ and officers’ policy, bankruptcy courts have wrestled with the question of whether D&O policy proceeds are property of the bankrupt estate and therefore subject to the bankruptcy code’s automatic …

Safeco Announces New Sale Regions, Field Leadership

Seattle-based Safeco has announced it has expanded its sales organization from five to nine regions, and has named executives to lead two of the new territories. “Independent insurance agents have consistently told us they want more personal contact,” said Spencer …

Mass. Hearing Today on Sale of American Employers’ Insurance

Massachusetts insurance regulatory officials have scheduled a public hearing for today, July 17, into the proposed acquisition of American Employers’ Insurance Co. by SPARTA Insurance Holdings, Inc. SPARTA, a Delaware general business corporation, has proposed to acquire 100 percent of …