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Delaware News


 Pages Tagged With: "Karen Weldin Stewart"

Maryland Businessman Jeffrey Cohen Sentenced to 37 Years in Federal Prison for Crimes Uncovered by Delaware Insurance Department

DOVER, DE – Delaware Insurance Commissioner Karen Weldin Stewart announced today that former insurance company executive Jeffrey B. Cohen, was sentenced to 37 years in federal prison and required to pay $137 million in restitution by U.S. District Court Judge William D. Quarles, Jr. in Baltimore, Maryland today.  Cohen had perpetrated multiple frauds upon policyholders […]



Insurance Department Announces Workers’ Compensation Rates for 2016

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

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 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 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.






 Pages Tagged With: "Karen Weldin Stewart"

Maryland Businessman Jeffrey Cohen Sentenced to 37 Years in Federal Prison for Crimes Uncovered by Delaware Insurance Department

DOVER, DE – Delaware Insurance Commissioner Karen Weldin Stewart announced today that former insurance company executive Jeffrey B. Cohen, was sentenced to 37 years in federal prison and required to pay $137 million in restitution by U.S. District Court Judge William D. Quarles, Jr. in Baltimore, Maryland today.  Cohen had perpetrated multiple frauds upon policyholders […]



Insurance Department Announces Workers’ Compensation Rates for 2016

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

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 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 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.