Delaware

Report IDs State Regulators’ Strengths, Weaknesses

Pennsylvania, Maryland, and Delaware all held steady grades from 2019 to 2020 in the R Street Institute’s Insurance Regulation Report Card. The annual report looks at restrictions on consumers and insurers, as well as “how effectively are states discharging their duties to monitor insurer solvency and foster competitive, private insurance markets?” Pennsylvania maintained a B

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New York to Go Paperless for Disability Policies

Licensees conducting business in New York should expect to receive notification directly from the New York State Insurance Fund (NYSIF) that, effective Feb. 28, 2021, it plans to discontinue its practice of mailing paper copies of New York State Disability Benefits Law (DBL) insurance policies and bills to insurance agents/brokers. It is IA&B’s understanding that

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Review Latest HR Updates

Take note of recent HR-related news, stemming from governmental mandates and case law. The following are documented as bulletins in our online HR resources. Federal Bulletins FED #109 – Remote I-9 Form Verification ExtensionFED #110 – IRS Extends Form 1095 Distribution Deadline to March 2FED #111 – 2021 Wage Cap Rises Modestly for Social Security

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COVID-19: FFCRA, Other Employer Considerations

As the number of COVID-19 cases rise, member agencies are reporting circumstances where an employee tests positive – or is exposed to (and possibly living with) someone who has COVID-19. Under either scenario, employers’ responsibilities under the paid leave provisions of the Families First Coronavirus Response Act (FFCRA) may come into play.For employers with fewer

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Workers’ Comp Updates

If you write workers’ compensation, take note of the Delaware Compensation Rating Bureau’s three latest circulars. Circular No. 990 Revisions to Designated Auditable Payrolls Basic Manual – Section 1 Effective Dec. 1, 2020 Circular No. 991 F-Classification and USL&HW Rating Values Effective Dec. 1, 2020 Circular No. 992 Terrorism Risk Insurance Program Reauthorization Act Disclosure

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COVID-19 Disrupts Professional Liability Market

The events of 2020 “have put considerable added pressure on professional liability insurers,” according to AM Best. The agency just released Best’s Special Report, “Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic,” which included a survey of underwriters.Per AM Best’s announcement, results from the survey include: Two-thirds of respondents placed the severity of COVID-19

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DOI Unveils 2021 Legislative Priorities

The Delaware state General Assembly convenes on Jan. 12, 2021 to begin a new two-year legislative session, though what the session will look like amid the ongoing COVID-19 pandemic remains unknown. In preparation, the Delaware Department of Insurance (DOI) this week met virtually with IA&B and other insurance industry stakeholders to outline its legislative priorities

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Forecasting Impacts of the Election

Our national affiliate, the Big “I”, late last week projected the following outcomes as a result of the Tuesday, Nov. 3 election:Republicans have made significant gains in the House and successfully defended many of their vulnerable seats in the Senate. This is different than the “blue wave” that many in the media predicted and will

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