Update On Recent Insurer and Third-Party Data Breaches
More than 37,500 Delaware agents, policyholders, beneficiaries impactedFollowing the receipt of additional data breach reports from insurers, including those related to the breach of the MOVEit file transfer services system used by third-party vendors, the Delaware Department of Insurance is updating this consumer alert and will be updating the online posting as information is received.Residents […]
CONSUMER ALERT: Data Breach of Genworth Third-Party Vendor
Insureds, agents, and beneficiaries should watch for notification On June 16, PBI Research Services, a third-party vendor for Genworth Financial, disclosed a data breach that impacted the personal information of an estimated 2.5-2.7 million individuals, including about 8,000 Delaware residents. At this time, the company has indicated that the potentially compromised information may include agents, […]
2022 Year-End Data Released By The Department of Insurance
Consumers continue to benefit from carrier expansion and insurer oversight The Delaware Department of Insurance (DOI) has published its annual performance and productivity data, indicating continued success in serving consumers throughout the state. “In the face of inflation, climate change, the pandemic, and other challenges, our priority remains the same: the residents of our great […]
Update: Sixth Consecutive Workers’ Comp Rate Decrease Announced
Double-digit drop will be effective December 1 Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the sixth year in a row, effective December 1, 2022. Both the voluntary market and the residual market will see rate decreases in the double digits. “Lowering worker’s compensations costs time and time again […]
Stephen Taylor to Lead Delaware Captive Bureau
The Delaware Department of Insurance today announced that industry veteran Stephen Taylor has joined the department as the incoming Director of its world-renowned Captive Bureau. Taylor will succeed Steve Kinion, who transitions out of the role on September 30. “Stephen Taylor’s extensive experience as an innovative yet meticulous insurance regulator stood out amongst contract applicants […]
