Aetna Exits ACA Exchange in Delaware for 2018
Insurance Commissioner | Newsroom | Date Posted: Thursday, May 11, 2017
Dover, DE – On Wednesday, May 10, 2017, Aetna, Inc. (“Aetna”), informed the Delaware Department of Insurance that it would not be participating in the Health Insurance Marketplace (“Marketplace”) in Delaware for 2018. As a main reason for their exit, Aetna cited an approximate $700 million loss for individual policies between 2014 and 2016, and […]
Delaware Ranks High Among States for Homeowners’ Insurance Protections
Insurance Commissioner | Newsroom | Date Posted: Thursday, April 20, 2017
Dover, DE – Delaware homeowners are among the most protected in the nation against having their homeowners insurance non-renewed or rates raised due to filing or even inquiring about a claim. This is according to a recent study by the Rutgers Center for Risk and Responsibility at Rutgers Law School, which ranks Delaware as the […]
Commissioner Navarro Announces $212,505 Settlement with Assurant, Inc.
Insurance Commissioner | Newsroom | Date Posted: Thursday, April 20, 2017
Dover, DE — The Delaware Department of Insurance, along with insurance regulators for forty-eight other jurisdictions, have reached a multi-million dollar settlement with Assurant, Inc., regarding the company’s writing of force-placed property insurance, of which Assurant is the nation’s largest writer. Force-placed property insurance is a type of insurance that allows a financial lender the […]
Paradee, Insurance Commissioner Navarro, Introduce Bill to Create Fair Auto Insurance Rating Standards
Insurance Commissioner | Date Posted: Friday, March 17, 2017
Delawareans shopping for automobile insurance policies would no longer have their price quotes impacted by their age, marital status, credit, income or other personal life decisions under proposed legislation filed Thursday by Rep. Trey Paradee and backed by Delaware Insurance Commissioner Trinidad Navarro.
Excessive Homeowners Insurance Increase Denied by Insurance Commissioner
Insurance Commissioner | Date Posted: Monday, March 13, 2017
A request by Windsor-Mount Joy Mutual Insurance Company (“WNMJ”) to increase insurance rates on over 2,000 manufactured housing policyholders by 20%-30% has been denied by Insurance Commissioner Trinidad Navarro.
