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Delaware News


  Category: Captive


Delaware Captive Insurance Contributes $4 Million to State

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, February 12, 2020

Captives reduce taxpayer burden Insurance Commissioner Trinidad Navarro announced data showing a strong year of captive insurance formations in Delaware, with 56 licenses provided in 2019, outpacing previous years. “The success of Delaware’s captive insurance program is reflective of the hard work of Delaware’s captive staff in applying firm but fair regulations and finding innovative […]



Companies Save Over $4 Million From Reduced Workers’ Compensation Rates

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Thursday, February 6, 2020

Workplace Safety Program saves $7.6 million for participants The Delaware Department of Insurance has analyzed new filings from the state’s top writers of workers’ compensation insurance after announcing the third consecutive year of decreased rates in November. The top writers represent nearly 10,000 companies that hold policies within the state. Policyholders of these companies will […]



More than $830,000 Earned for Residents through Insurance Arbitration

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, January 29, 2020

Consumers won nearly 90% of arbitration cases in 2019 The Delaware Department of Insurance announced that its arbitration services program earned residents $839,466 in awards during 2019. Considering overlap from the previous year, 354 settlements occurred, and 144 cases were heard. Residents prevailed in about 90% of all cases. In total, the Department opened 502 […]



Department of Insurance Celebrates Response to Fraud in 2019

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, January 22, 2020

The Delaware Department of Insurance made great strides in fraud detection and response during 2019. Throughout the year, 6 criminal arrests that included 21 charges were recommended from the Department’s Fraud Prevention Bureau to the Department of Justice, and 16 civil cases were brought forward resulting in more than $21,000 in fines. The Bureau received 551 referral cases in 2019.



Commissioner Trinidad Navarro Appointed Chair of National Antifraud Task Force

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Thursday, January 16, 2020

Delaware Commissioner selected from leaders across the country to head important consumer-focused committee Delaware Insurance Commissioner Trinidad Navarro was appointed Chair of the National Association of Insurance Commissioner’s Antifraud Task Force this week. Commissioner Navarro previously served as Vice-Chair of the committee, and served in law enforcement for much of his career before his election […]






  Category: Captive

Delaware Captive Insurance Contributes $4 Million to State

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, February 12, 2020

Captives reduce taxpayer burden Insurance Commissioner Trinidad Navarro announced data showing a strong year of captive insurance formations in Delaware, with 56 licenses provided in 2019, outpacing previous years. “The success of Delaware’s captive insurance program is reflective of the hard work of Delaware’s captive staff in applying firm but fair regulations and finding innovative […]



Companies Save Over $4 Million From Reduced Workers’ Compensation Rates

Captive | Captive Insurance | Insurance Commissioner | News | Date Posted: Thursday, February 6, 2020

Workplace Safety Program saves $7.6 million for participants The Delaware Department of Insurance has analyzed new filings from the state’s top writers of workers’ compensation insurance after announcing the third consecutive year of decreased rates in November. The top writers represent nearly 10,000 companies that hold policies within the state. Policyholders of these companies will […]



More than $830,000 Earned for Residents through Insurance Arbitration

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, January 29, 2020

Consumers won nearly 90% of arbitration cases in 2019 The Delaware Department of Insurance announced that its arbitration services program earned residents $839,466 in awards during 2019. Considering overlap from the previous year, 354 settlements occurred, and 144 cases were heard. Residents prevailed in about 90% of all cases. In total, the Department opened 502 […]



Department of Insurance Celebrates Response to Fraud in 2019

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Wednesday, January 22, 2020

The Delaware Department of Insurance made great strides in fraud detection and response during 2019. Throughout the year, 6 criminal arrests that included 21 charges were recommended from the Department’s Fraud Prevention Bureau to the Department of Justice, and 16 civil cases were brought forward resulting in more than $21,000 in fines. The Bureau received 551 referral cases in 2019.



Commissioner Trinidad Navarro Appointed Chair of National Antifraud Task Force

Captive | Captive Insurance | Insurance Commissioner | Date Posted: Thursday, January 16, 2020

Delaware Commissioner selected from leaders across the country to head important consumer-focused committee Delaware Insurance Commissioner Trinidad Navarro was appointed Chair of the National Association of Insurance Commissioner’s Antifraud Task Force this week. Commissioner Navarro previously served as Vice-Chair of the committee, and served in law enforcement for much of his career before his election […]