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Delaware News



  Category: Captive Insurance


Department of Insurance Recovers Nearly $700,000 in Fines through Company Compliance Exams

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Monday, January 13, 2020

Investigations result in discovery and correction of issues impacting consumers The Delaware Department of Insurance’s Market Conduct Examinations resulted in the receipt of nearly $700,000 in fines during 2019 from more than a dozen companies found to violate the Insurance Code or other related regulations. The fines are contributed to the General Fund, providing funding […]




Consumer Alert: Medicare Prescription Plan Finder Causes Confusion

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Tuesday, November 26, 2019

The federal government’s newly-revamped tool can lead to increased costs. Commissioner Trinidad Navarro has released a rare consumer alert regarding Medicare’s newly-updated Prescription Plan Finder. Throughout this year’s open enrollment period, which ends on December 7, the Department of Insurance has received numerous complaints about the tool and anticipated prescription drug costs. The Prescription Plan […]




Delaware Issues RFP for Office of Value-Based Health Care Delivery

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Monday, November 18, 2019

Delaware’s Department of Insurance is pleased to announce that it is actively recruiting for a qualified independent contractor to staff and run its new Office of Value-Based Health Care Delivery. The Office will assist the Insurance Commissioner and Delaware’s Primary Care Reform Collaborative in evaluating primary care accessibility and affordability statewide. “Reducing health care costs […]




Steve Kinion named to Captive Review Power 50

Captive | Captive Insurance | Date Posted: Monday, April 15, 2019

Dover, DE –  For the eighth year in a row, Delaware’s captive insurance director, Steve Kinion, has been named to Captive Review’s Power 50.  The Power 50 represents the fifty most powerful and influential individuals in today’s global captive insurance industry.  Over 3,000 insurance professionals worldwide cast their votes to select the Power 50.  Since […]




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 […]







  Category: Captive Insurance

Department of Insurance Recovers Nearly $700,000 in Fines through Company Compliance Exams

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Monday, January 13, 2020

Investigations result in discovery and correction of issues impacting consumers The Delaware Department of Insurance’s Market Conduct Examinations resulted in the receipt of nearly $700,000 in fines during 2019 from more than a dozen companies found to violate the Insurance Code or other related regulations. The fines are contributed to the General Fund, providing funding […]




Consumer Alert: Medicare Prescription Plan Finder Causes Confusion

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Tuesday, November 26, 2019

The federal government’s newly-revamped tool can lead to increased costs. Commissioner Trinidad Navarro has released a rare consumer alert regarding Medicare’s newly-updated Prescription Plan Finder. Throughout this year’s open enrollment period, which ends on December 7, the Department of Insurance has received numerous complaints about the tool and anticipated prescription drug costs. The Prescription Plan […]




Delaware Issues RFP for Office of Value-Based Health Care Delivery

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Monday, November 18, 2019

Delaware’s Department of Insurance is pleased to announce that it is actively recruiting for a qualified independent contractor to staff and run its new Office of Value-Based Health Care Delivery. The Office will assist the Insurance Commissioner and Delaware’s Primary Care Reform Collaborative in evaluating primary care accessibility and affordability statewide. “Reducing health care costs […]




Steve Kinion named to Captive Review Power 50

Captive | Captive Insurance | Date Posted: Monday, April 15, 2019

Dover, DE –  For the eighth year in a row, Delaware’s captive insurance director, Steve Kinion, has been named to Captive Review’s Power 50.  The Power 50 represents the fifty most powerful and influential individuals in today’s global captive insurance industry.  Over 3,000 insurance professionals worldwide cast their votes to select the Power 50.  Since […]




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 […]