Posts Tagged ‘Commissioner Trinidad Navarro’
DE Insurance Commissioner Navarro Announces Ninth Consecutive Workers’ Comp Rate Decrease
Delaware Insurance Commissioner Trinidad Navarro announced today that workers’ compensation insurance rates will decrease for the ninth year in a row, effective December 1st. The voluntary market is expected to decrease average loss costs by 11.6%, and the residual market will see an average rate reduction of 9.08%. Residual markets are often seen as the ‘last resort’ of coverage…
Read MoreLiberty Mutual Pays $300,000 Penalty for Misleading Delaware Consumers
After a lengthy investigation, the Delaware Department of Insurance announces 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 main activities under review – the companies’ advertisement of potential premium discounts to…
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