Delaware Medicare Assistance Bureau to Hold Public Meetings
Captive | Captive Insurance | Insurance Commissioner | Newsroom | Date Posted: Thursday, February 20, 2020
Newly Medicare-eligible residents encouraged to attend Welcome to Medicare: 2020 The Delaware Medicare Assistance Bureau (DMAB), a division of the Department of Insurance, has announced a series of Welcome to Medicare: 2020 events taking place throughout the year. More than a dozen public learning sessions will take place across the state. Participants will learn about […]
Commissioner Navarro Responds Strongly to Report of Premium Increases on Members of the Military
Captive | Captive Insurance | Insurance Commissioner | Date Posted: Thursday, February 13, 2020
Action, legislation, and investigations into “patriot penalties” Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the practice completely unacceptable and issuing a formal bulletin to insurance companies about the illegality of this practice in […]
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 | Newsroom | 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 […]
