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Insurance Data Security Act Signed into Law

Insurance Commissioner | News | Date Posted: Thursday, August 1, 2019

On Wednesday, July 31, 2019, Governor John C. Carney, Jr., signed House Bill 174 (“HB 174”) into law. Titled the Delaware Insurance Data Security Act, this law is based on an NAIC Model Act, which establishes a comprehensive regulatory framework requiring insurers licensed to do business in Delaware to implement information security programs, report instances […]




Delaware Licenses 46 Captive Insurers in Challenging Environment

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Wednesday, January 23, 2019

DOVER, DE—Insurance Commissioner Trinidad Navarro today announced the formation of 46 captive insurers in Delaware in 2018. Commissioner Navarro stated, “Captive insurance formations faced a number of challenges in 2018, due to recent changes in tax law. Despite the headwinds, Delaware’s having knowledgeable captive regulators continues to attract quality applicants. Delaware is the fifth largest […]




Delaware Insurance Department Approves Genworth Acquisition by China Oceanwide

Insurance Commissioner | News | Date Posted: Friday, December 21, 2018

Dover, DE — Trinidad Navarro, Insurance Commissioner of the State of Delaware gave final regulatory approval today to the Form A Application (the “Application”) of China Oceanwide Holdings Group Co. Ltd and certain of its affiliates (“China Oceanwide”) to acquire Genworth Life Insurance Company (“GLIC”) and certain of its affiliates.  The Application was first filed […]




Delaware Insurance Department Notices Genworth Hearing

Insurance Commissioner | News | Date Posted: Thursday, November 8, 2018

Dover, DE – The Delaware Department of Insurance (the “Department”) has announced that a public hearing will be conducted on Wednesday, November 28, 2018, at 9:00 a.m. concerning the Form A Application of China Oceanwide Holdings Group Co. Ltd. and certain of its affiliates (“China Oceanwide”) which seeks the Department approval to acquire Genworth Life […]




Workers’ Compensation Rates Drop Second Year in a Row in Delaware

Insurance Commissioner | News | Date Posted: Monday, October 22, 2018

DOVER, DE – Delaware Insurance Commissioner Trinidad Navarro is pleased to announce that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in Delaware and even happier to see a double digit average decrease in the voluntary market,” […]






  Archives:

Insurance Data Security Act Signed into Law

Insurance Commissioner | News | Date Posted: Thursday, August 1, 2019

On Wednesday, July 31, 2019, Governor John C. Carney, Jr., signed House Bill 174 (“HB 174”) into law. Titled the Delaware Insurance Data Security Act, this law is based on an NAIC Model Act, which establishes a comprehensive regulatory framework requiring insurers licensed to do business in Delaware to implement information security programs, report instances […]




Delaware Licenses 46 Captive Insurers in Challenging Environment

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Wednesday, January 23, 2019

DOVER, DE—Insurance Commissioner Trinidad Navarro today announced the formation of 46 captive insurers in Delaware in 2018. Commissioner Navarro stated, “Captive insurance formations faced a number of challenges in 2018, due to recent changes in tax law. Despite the headwinds, Delaware’s having knowledgeable captive regulators continues to attract quality applicants. Delaware is the fifth largest […]




Delaware Insurance Department Approves Genworth Acquisition by China Oceanwide

Insurance Commissioner | News | Date Posted: Friday, December 21, 2018

Dover, DE — Trinidad Navarro, Insurance Commissioner of the State of Delaware gave final regulatory approval today to the Form A Application (the “Application”) of China Oceanwide Holdings Group Co. Ltd and certain of its affiliates (“China Oceanwide”) to acquire Genworth Life Insurance Company (“GLIC”) and certain of its affiliates.  The Application was first filed […]




Delaware Insurance Department Notices Genworth Hearing

Insurance Commissioner | News | Date Posted: Thursday, November 8, 2018

Dover, DE – The Delaware Department of Insurance (the “Department”) has announced that a public hearing will be conducted on Wednesday, November 28, 2018, at 9:00 a.m. concerning the Form A Application of China Oceanwide Holdings Group Co. Ltd. and certain of its affiliates (“China Oceanwide”) which seeks the Department approval to acquire Genworth Life […]




Workers’ Compensation Rates Drop Second Year in a Row in Delaware

Insurance Commissioner | News | Date Posted: Monday, October 22, 2018

DOVER, DE – Delaware Insurance Commissioner Trinidad Navarro is pleased to announce that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in Delaware and even happier to see a double digit average decrease in the voluntary market,” […]