Commissioner Stewart Announces Delaware Will Receive Over $1 Million From MetLife Settlement Agreement
Insurance Commissioner | Date Posted: Thursday, May 17, 2012
Multi-State Investigation Leads to Changes in How Company Handles Unclaimed Life Insurance Benefits – Commissioner Stewart stated today that, “This settlement was a victory for policyholders and we are glad that MetLife will honor their promise to individuals that paid premiums, and provide resolution to beneficiaries.” The Delaware Department of Insurance joined 27 other state insurance departments in a settlement agreement with Metropolitan Life Insurance Company, surpassing the number of participating jurisdictions required for the agreement to become effective. The agreement follows a multi-state investigation coordinated through the National Association of Insurance Commissioners (NAIC).
Insurance Commissioner | Date Posted: Monday, April 30, 2012
Commissioner Karen Weldin Stewart and fellow members of the National Association of Insurance Commissioners (NAIC) met in Washington, D.C. last week to confer with members of Congress about ongoing insurance-related efforts.
Right now, thousands of homeowners are cleaning up and filing insurance claims following an outbreak of devastating tornadoes across the U.S. However, according to a February 2012 survey from the National Association of Insurance Commissioners (NAIC), more than half of Americans don’t have a home inventory of their possessions, putting them at risk for inadequate home insurance coverage, should severe weather strike.
Insurance Commissioner | Date Posted: Thursday, February 16, 2012
Delaware Insurance Commissioner Karen Weldin Stewart announces the appointments of two key positions in the Delaware Department of Insurance. Paul Reynolds, a native Delawarean who graduated from Salesianum School and attended the University of Delaware, comes to the Insurance Department after 35 years of service working for New Castle County Government. During his career, Reynolds held numerous administrative and managerial positions. In November of 2011, Mr. Reynolds was tapped by Commissioner Stewart to be the Chief of Staff for the Department.
Delaware Insurance Commissioner Karen Weldin Stewart Alerts “Baby Boomers” on Early Retirement Options
Insurance Commissioner | Date Posted: Friday, January 13, 2012
Delaware Insurance Commissioner Karen Weldin Stewart expressed concern for soon to retire “Baby Boomers” (those born between 1946 and 1964), many of whom will face the uncertain prospect of finding alternative health insurance coverage until they reach the age of 65 when they are eligible for Medicare.