Delaware’s insurance commissioner, Karen Weldin Stewart, said this week the state’s captive insurance industry is growing at a fast pace. She also said the insurance department has recently given $250,000 from the captive insurance program’s surplus money to the state. …
Delaware’s captive insurance risk management certificate program is graduating its first class of 25 participants today.This new program was jointly created by Delaware’s insurance department and University of Delaware.
Delaware’s Insurance Commissioner Karen Weldin Stewart said her department recovered $1,331,831 for the state’s policyholders during 2012 first quarter. Commissioner Stewart announced the first-quarter’s recovery amount last week. The breakdown of funds recovered in the first quarter is as follows: …
State officials have launched public awareness campaign about motorcycle safety. The Respect Your Ride campaign includes traffic law enforcement and awareness activities by police departments throughout Delaware. It runs through September. Police will conduct patrols on roads with a high …
Aon Corp. announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to the U.K. at a special …
An open-government group on Tuesday, Oct. 25, challenged a law that allows members of Delaware’s Court of Chancery to preside over secret arbitration proceedings in business disputes. The Delaware Coalition for Open Government claims in the federal lawsuit that a …
Delaware Insurance Commissioner Karen Weldin Stewart said through Department of Insurance interventions, Delawareans recovered $1,827,923 in the first nine months of 2011. The breakdown of the restituted funds consists of complaints ($580,303); arbitration ($592,930); and market conduct ($654,690). The Commissioner …
Delaware Insurance Commissioner Karen Weldin Stewart has fined Allstate Insurance Co. and its subsidiary Encompass Insurance Co. a total of $50,000 for violations of Delaware insurance law. The fines are contained in two separate consent orders, signed by Stewart this …
A Delaware bankruptcy judge on Friday ordered insurance companies to pay their share of a settlement with priest sex abuse victims that is the foundation of the Catholic Diocese of Wilmington’s reorganization plan, and he angrily turned aside the insurers’ …
A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan. Under the plan, the diocese, its parishes and affiliated entities, would be released from legal claims related to priest sex abuse in …
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