Insurance Department Announces Workers’ Compensation Rates for 2016 DOVER, DE – Insurance Commissioner Karen Weldin Stewart today approved the Delaware Compensation Rating Bureau (DCRB)’s workers’ compensation amended rate filing, resulting in an overall average increase of 7.09% in residual market rates and 7.20% in voluntary market loss costs. The DCRB originally proposed overall increases of 14.92% […]
Governor Markell Recognizes DOI’s Licensing of 1000th Captive Insurance Company Commissioner Karen Weldin Stewart Achieves a Long-Time Goal DOVER, DE – Governor Jack Markell presented Insurance Commissioner Karen Weldin Stewart with a proclamation today recognizing the Department of Insurance’s licensing of its 1,000 captive insurance company, AWI, Inc. of Voorhees, New Jersey. The proclamation recognizes […]
Insurance Commissioner Karen Weldin Stewart announced today that she will not approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the change in his or her marital status following the loss of a spouse.
Insurance Commissioner Karen Weldin Stewart announced today that she is forbidding property and casualty insurers from using so-called “price optimization” when setting rates for personal lines of insurance such as automobile and homeowners’ policies.
Insurance Commissioner Karen Weldin Stewart announced today that the Department of Insurance has posted three actuarial reports evaluating proposed 2016 workers’ compensation rates to the DOI website.
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