Insurance Commissioner Stewart Announces Substantial Decreases in Workers’ Compensation Rates
Insurance Commissioner Karen Weldin Stewart has approved the Delaware Compensation Rating Bureau’s workers’ compensation amended rate filing, resulting in overall average decreases of 9.7% in the residual market rate and 11.5% in the voluntary market loss cost.
Department of Insurance Receives National Accreditation
The Delaware Department of Insurance has successfully completed the requirements for full accreditation from the National Association of Insurance Commissioners (NAIC).
Delaware’s Kinion Named One of the Top Three Influential Figures in Captive Insurance
Insurance Commissioner Karen Weldin Stewart is pleased to announce that Steve Kinion, Director of the Delaware Insurance Department’s Bureau of Captive and Financial Insurance Products, has been named number three on Captive Review magazine’s “Power 50 in 2014” list.
Preliminary Workers’ Compensation Rates Indicate Decrease
The Delaware Department of Insurance is in receipt of Delaware Compensation Rating Bureau filing No. 1404, which indicates a decrease in both the voluntary loss cost and residual market rate for workers’ compensation insurance for 2015. Commissioner Karen Weldin Stewart is encouraged that DCRB’s initial indicated rates reflect a decrease.
Commissioner Stewart Reduces Highmark Rate Requests
Insurance Commissioner Karen Weldin Stewart announced that she has reduced to 9.9% a request from Highmark BlueCross BlueShield for a health rate increases on small employer grandfathered individual plans.
