Dover, DE – On Tuesday, August 1, 2017, Governor John Carney signed into law House Substitute 1 for House Bill 80 (“HS 1 for HB 80”). A bipartisan piece of legislation, HS 1 for HB 80 is a consumer fairness bill that targets unfair discriminatory practices used by automobile and homeowners insurance companies to determine […]
Joint work by the Delaware Department of Insurance and Delaware Department of Justice led to the indictment this week of Dr. Karl McIntosh on 14 felony counts including theft, health care fraud, insurance fraud, and identity theft.
Dover, DE – The Delaware Department of Insurance (“Department”) has launched a special section on its website for public comments with regard to the requested rate increase by Highmark Blue Cross Blue Shield of Delaware (“Highmark”). This increase request of 33.6% applies only to health insurance plans on the Affordable Care Act Exchange. This launch […]
Commissioner Navarro issues statement on Genworth Form A Process The Delaware Department of Insurance (“Department”) is actively reviewing an Application for the Acquisition of Control of Genworth Life Insurance Company (“GLIC”) by China Oceanwide Holdings Group Co., Ltd. and its Affiliates (“China Oceanwide”). An Application for Acquisition of Control is commonly referred to in the […]
Dover, DE – Delaware Insurance Commissioner Trinidad Navarro today announced his final regulatory approval of MetLife, Inc.’s long announced plans to spin-off its U.S. retail life and annuity insurance businesses into insurance subsidiaries of newly formed Brighthouse Financial, Inc. The Commissioner’s approval allows the company to transition 1.3 million life insurance policyholders and 1.5 million […]
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