Delaware News

Delaware Judges Want Say in Private Equity Liability Cases

Judges in Delaware’s famed business court are keeping a close eye on legal issues cropping up amid the recent wave of private equity buyouts of public corporations. In recent rulings, Court of Chancery judges have signaled that Delaware, corporate home …

New Maryland Law Targets Staging Accidents for Insurance Money

Maryland became only the second state to make staging an car accident to steal insurance money a specific crime when Gov. Martin O’Malley signed a bill into law last week. According to the Coalition Against Insurance Fraud, the new law …

2007 Property/Casualty State Specialist Insurers

1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty Insurance FL 371,755 6 Physicians Reciprocal …

Delaware Senate Bill Permits Restricted Use of Credit Scores

The Delaware Senate this week approved legislation that allows insurance companies to continue using credit-based insurance scores while putting in place additional consumer safeguards. Senate Bill 31 as originally introduced would have banned insurers from using credit information to underwrite …

My New Markets

Mortgage Company E&O/Fidelity Bond Nuts & Bolts: SUA Inc. has insurance packages for the mortgage industry covering both mortgage brokers and bankers. Coverages include professional liability, fidelity/crime bond, mortgage impairment and employment practices liability. Dollars: $300,000 to $5 million. Carrier: …

My New Markets

Mortgage Company E&O/Fidelity Bond Nuts & Bolts: SUA Inc. has insurance packages for the mortgage industry covering both mortgage brokers and bankers. Coverages include professional liability, fidelity/crime bond, mortgage impairment and employment practices liability. Dollars: $300,000 to $5 million. Carrier: …

New Markets

My New Markets Commercial Auto Nuts & Bolts: Arrowhead General Insurance Agency Inc. has a commercial auto liability and physical damage coverage program for the standard market. Extra heavy vehicles are accepted, and “Sym 1” is available on fleets of …

My New Markets

Earthquake Nuts and Bolts: Wholesale Connection Insurance Services, located in Woodland Hills, Calif., added a new carrier to its list of Earthquake markets in California. Dollars: Capacity in zones A, B and E is $2,500,000 for primary and $5 million …

NEIGHBORS SEEK TO DRAIN N.Y. CITY’S WATER RESEVOIRS TO STEM FUTURE FLOODING

Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey, and upstate New York signed on to …

My New Markets

Outdoor Recreation and Hospitality Nuts & Bolts: The Great Outdoors Insurance Program written by Gillingham & Associates provides comprehensive coverage for Outdoor Recreation and Hospitality industries. Classes: guest ranches, guides & outfitters, resorts, hunting & fishing lodges, RV parks & …