Commissioner Stewart: Health Insurers Will Rebate More Than $2 Million to Delaware Consumers
Insurance Commissioner | Newsroom | Date Posted: Friday, December 4, 2015
Insurance Commissioner Karen Weldin Stewart announced today that insurers will issue more than $2 million in rebates to 14,399 health insurance policyholders in Delaware as a result of the Affordable Care Act’s 80/20 Medical Loss Ratio rule.
Insurance Department Announces Workers’ Compensation Rates for 2016
Insurance Commissioner | Newsroom | Date Posted: Tuesday, November 17, 2015
Insurance Department Announces Workers’ Compensation Rates for 2016 DOVER, DE – Insurance Commissioner Karen Weldin Stewart today approved the Delaware Compensation Rating Bureau (DCRB)’s workers’ compensation amended rate filing, resulting in an overall average increase of 7.09% in residual market rates and 7.20% in voluntary market loss costs. The DCRB originally proposed overall increases of 14.92% […]
Governor Markell Recognizes DOI’s Licensing of 1000th Captive Insurance Company
Captive Insurance | Former Governor Jack Markell (2009-2017) | Insurance Commissioner | Newsroom | Office of the Governor | Date Posted: Monday, November 9, 2015
Governor Markell Recognizes DOI’s Licensing of 1000th Captive Insurance Company Commissioner Karen Weldin Stewart Achieves a Long-Time Goal DOVER, DE – Governor Jack Markell presented Insurance Commissioner Karen Weldin Stewart with a proclamation today recognizing the Department of Insurance’s licensing of its 1,000 captive insurance company, AWI, Inc. of Voorhees, New Jersey. The proclamation recognizes […]
Commissioner Stewart Outlaws “Widow’s Penalty” In Setting Auto Insurance Rates
Insurance Commissioner | Newsroom | Date Posted: Wednesday, October 21, 2015
Insurance Commissioner Karen Weldin Stewart announced today that she will not approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the change in his or her marital status following the loss of a spouse.
Insurance Commissioner Stewart Issues Bulletin Prohibiting Price Optimization
Insurance Commissioner | Newsroom | Date Posted: Thursday, October 15, 2015
Insurance Commissioner Karen Weldin Stewart announced today that she is forbidding property and casualty insurers from using so-called “price optimization” when setting rates for personal lines of insurance such as automobile and homeowners’ policies.
