Liberty Mutual Pays $300,000 Penalty For Misleading Consumers
Additional penalties possible if company compliance does not improve After months of investigation, the Delaware Department of Insurance announced that Liberty Mutual has paid a penalty of $300,000 across three member companies, with an express stipulation that an additional $200,000 must be paid if conduct is not immediately remedied. The primary activities under review were […]
Navarro Issues Bulletin on Insurers’ Drone Usage
Addresses increased use of aerial imagery in industry activities The Delaware Department of Insurance recently issued a bulletin to carriers recognizing increased use of unmanned aircraft systems and aerial imagery, and offering regulatory guidance, Insurance Commissioner Trinidad Navarro announced today. Insurers have adopted aerial photography use to improve efficiency in claim processing, loss assessments, and […]
Delaware Seeks Data on Climate Change’s Impact on Insurance
Participating in National Insurer Climate Risk Disclosure Survey Insurance Commissioner Trinidad Navarro has announced Delaware’s participation in the National Association of Insurance Commissioners’ Insurer Climate Risk Disclosure Survey, an effort to assess how the impacts of climate change will reverberate across the insurance industry. From investment practices, to increased claim occurrences impacting companies’ financial sturdiness, […]
Important Insurance Reminders After Tropical Storm Isaias
Commissioner Navarro encourages caution in repairs, meets with community Tropical Storm Isaias produced tornado activity, heavy rain and flooding, hail, and strong winds throughout the state, causing significant destruction in several Delaware communities. Insurance Commissioner Trinidad Navarro visited residents and assessed damage on Wednesday. “While measuring the full extent of this storm will take time, […]
Navarro Urges Residents to Prepare for Tropical Storm Isaias
Provides information on insurance processes for property damage As Tropical Storm Isaias approaches Delaware, residents are urged to prepare for dangerous winds over 55 miles per hour and up to 6 inches of rain. Storm surges, localized flooding, tree damage, power outages, and other threats to life and property are possible, according to the National […]
