Delaware News

Human Resources News, Guidance

Stay informed of the changing human resources landscape – and the case law, legislation, and regulations that alter it – by reviewing our HR Bulletins, a running tab of state and federal updates. Read more about these recent updates by visiting our HR Bulletin webpage and scrolling to the appropriate number. FED #24 – Joint […]

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Workers’ Comp F-Classification Rate Filing

If you write workers’ compensation for Delaware F-Classifications, begin using the Pending Rate Change Endorsement for policies issued with effective dates on and after Dec. 1, 2020.The Delaware Compensation Rating Bureau submitted Filing No. 2008 that proposes an overall increase in collectible rate level of 6.53 percent in residual market rates and an overall increase

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Upcoming NFIP Changes

If you write through the National Flood Insurance Program (NFIP), take note of the forthcoming program changes, including: EFFECTIVE APRIL 1, 2021 Updated premium rates Updated Community Rating System EFFECTIVE JAN 1, 2022 Updated base premiums for Preferred Risk Policies and policies rated under the Newly Mapped Procedure Updated premium multiplier tables for policies rated

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Updated Insurance Data Security Act Requirements

The Delaware Department of Insurance (DOI) updated Universally Applicable Bulletin No. 5, which outlines the Delaware Insurance Data Security Act requirements. The updates include: A change to the DOI’s email address (now doidatasecurity@delaware.gov), where notices of a data breach are sent The addition of a requirement to for insurers to submit an annual certification of

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Ransomware Incident Offers Cautionary Tale

Late last month hackers attacked insurance broker Arthur J. Gallagher & Co. (to include claims unit Gallagher Basset). The ransomware incident forced the firm to take its global systems offline and turn to outside cybersecurity professionals for help. Ransomware attacks increased almost 50% between the first and second quarters of 2020, according to a recent

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