Latest Delaware Headlines
All the headlines from our Delaware Topic Page, ordered by recency.
Del. Insurance Commissioner Candidate Returning $7,200 in Donations
Aug 29 2012 // The Delaware Democratic Party’s endorsed candidate for insurance commissioner is returning more than $7,000 in political contributions to ensure compliance with campaign finance laws. Mitch Crane’s campaign...
Del. Regulator Says State’s Captive Insurance Industry Growing Rapidly
Aug 24 2012 // 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...
Shareholders Sue Diamond Foods Board Over Financial Problems
Jun 28 2012 // The board of Diamond Foods Inc. failed to properly oversee the snack food company, damaging its reputation and costing it the chance to buy rival Pringles, according to a shareholder lawsuit filed on Wednesday. Diamond...
Ratings Recap: Church Mutual, Ocean Harbor, HSBC (Del.), Golden RRG, Southern Pioneer, Affirmative
Jun 20 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and downgraded the issuer credit ratings (ICR) to “a” from “a+” of Wisconsin-based Church Mutual...
Delaware’s Captive Insurance Management Certificate Program Graduates Its Inaugural Class
Jun 18 2012 // Delaware’s captive insurance risk management certificate program graduated its first class of 25 participants on June 6. This new program was jointly created by Delaware’s insurance department and University of...
New York City Pension Fund Sues Wal-Mart Over Mexican Bribery Allegations
Jun 12 2012 // New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart...
Delaware Chancery Court Allows Derivative Suit Vs. Botox Directors
Jun 12 2012 // Directors of Allergan Inc. must face a lawsuit over $600 million in fines the company paid for misbranding its Botox treatment to smooth out wrinkles, a Delaware judge ruled, in a decision that could affect securities...
Delaware’s Captive Insurance Program Graduates Its Inaugural Class
Jun 6 2012 // 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 Weighs Mortgage Assistance Plans for Struggling Homeowners
May 31 2012 // Members of Delaware legislature’s budget committee are wrestling with competing proposals from the governor and attorney general on how to help struggling homeowners. Delaware is slated to get about $46 million in a...
Delaware Regulators Recovered $1.3M for Policyholders in 2012 Q1
May 30 2012 // 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...
Delaware Launches ‘Click It or Ticket’ Seat Belt Enforcement Campaign
May 15 2012 // Delaware state officials kicked off their annual “Click It or Ticket” seat belt enforcement campaign this week. The annual vehicle safety campaign began Monday with the help of 17 state, county and municipal...
Judge Denies Delay of BofA Directors’ $20 Million Settlement Over Merrill
May 15 2012 // A U.S. federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp. directors and shareholders who accused the bank of overpaying for...
Motorcycle Safety Campaign Under Way in Delaware
Mar 29 2012 // 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...
Del. Regulators Advise Homeowners to Create Detailed Home Inventory
Mar 20 2012 // Delaware insurance regulators say failing to create a detailed home inventory can put homeowners at risk for inadequate home insurance coverage, should severe weather strike. The regulators pointed to a recent survey from...
Judge Urges Los Angeles Dodgers, Beaten Fan to Reach Settlement
Mar 7 2012 // The Los Angeles Dodgers and the family of a baseball fan who was badly beaten at a game last year were encouraged by a bankruptcy judge to discuss a settlement of a negligence lawsuit. The family of Bryan Stow wanted U.S....
Tokio Marine Buyout of Insurer Delphi Allowed to Proceed
Mar 7 2012 // A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly...
Judge in Philadelphia Hears Arguments Over Secret Arbitration
Feb 15 2012 // A group advocating open government told a federal judge last week that a Delaware law allowing Court of Chancery judges to preside over secret arbitrations in business disputes is unconstitutional. Judge Mary McLaughlin...
N.Y. Attorney General Sues Banks in Foreclosure Effort
Feb 6 2012 // New York’s attorney general on Friday, Feb. 3, accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in...
Del. Regulator Offers Advice on Healthcare Options for Early Retirees
Jan 24 2012 // Delaware Insurance Commissioner Karen Weldin Stewart expressed concern for soon-to-retire Baby Boomers (those born between 1946 and 1964), many of whom will face the uncertain prospect of finding alternative health...
Financial, Legal Woes Dogged Breast Implant Company
Dec 27 2011 // Signs of legal problems and financial losses surrounding the French breast implant manufacturer at the heart of a scandal affecting hundreds of thousands of women worldwide can be traced back as far back as 2003,...
