Captive.com, the leading source for news involving the captive insurance industry, is covering Insurance Commissioner Karen Weldin Stewart and her department. The links include stories by CRI and other sources.
Archive for April, 2010
Captive.com covers the Delaware Department of Insurance
Posted in Spending, Transparency, Uncategorized on April 28, 2010 | 1 Comment »
How to fix Delaware’s captive insurance bureau
Posted in State Spending, Transparency on April 27, 2010 | 9 Comments »
Delaware’s unprofitable captive insurance bureau will continue to flounder, unlikely to see any new revenue dollars, unless there are substantive reforms, national experts say. By Lee Williams and Danny Russell Reputation is everything within the highly-competitive captive insurance industry. Firms looking to create a captive insurance company, which is a cost-saving form of self-insurance, are [...]
The Vermont model
Posted in State Spending, Transparency on April 19, 2010 | 1 Comment »
Vermont’s captive insurance division, which is 800-percent larger than Delaware’s captive bureau, runs leaner, produces more and pays its director and senior staff half as much. By Lee Williams and Danny Russell Delaware Insurance Commissioner Karen Weldin Stewart, when defending the contractor she chose to head her captive insurance bureau and his $16,000 monthly salary, [...]
ANALYSIS: Fact checking the insurance commissioner’s testimony
Posted in State Spending, Transparency on April 14, 2010 | Leave a Comment »
By Lee Williams Delaware Insurance Commissioner Karen Weldin Stewart and her staff testified for more than two hours Tuesday before a joint hearing of the House and Senate insurance committees about problems and concerns within the Department of Insurance – including many issues that were raised by the Caesar Rodney Institute as part of its [...]
The insurance commissioner’s second hearing
Posted in State Spending, Transparency on April 13, 2010 | Leave a Comment »
By Lee Williams The Delaware Department of Insurance’s highly-touted Captive Insurance bureau lost $100,000 last year, despite the more than $500,000 in combined salary paid to its top three appointees. “We’ve always been in the hole,” said Steve Kinion, an attorney who lives and works in Illinois, who was appointed director of the captive bureau [...]
Insurance Commissioner’s morning meeting
Posted in Uncategorized on April 13, 2010 | 1 Comment »
After weeks of public criticism that her department was too slow in reacting to pre-authorization denials in cardiac and other imaging tests by a local insurer, Delaware Insurance Commissioner Karen Weldin Stewart produced a handful of experts to tell the public that the criticism of her agency was not warranted. The testimony came at a [...]
Insurance commissioner ignores state procurement law
Posted in State Spending, Transparency on April 13, 2010 | 3 Comments »
The Delaware Office of Management and Budget has chastised the Department of Insurance for writing purchase orders – after the fact – for no-bid contracts worth more than a half-million taxpayer dollars. By Lee Williams Delaware Insurance Commissioner Karen Weldin Stewart awarded a professional services contract last August worth up to $700,000 to a New [...]
CRI’s coverage of the Department of Insurance hearings
Posted in Uncategorized on April 12, 2010 | Leave a Comment »
The Caesar Rodney Institute will provide live coverage of Tuesday’s hearings involving Insurance Commissioner Karen Weldin Stewart, including both the 10 a.m. hearing arranged by Stewart in her offices, and the afternoon hearing at Legislative Hall, in which the commissioner will testify before the House and Senate insurance committees. Look for updates throughout the day [...]
Tax Freedom Day
Posted in Economy, national debt, Tax Increases, Taxes, Uncategorized on April 9, 2010 | 1 Comment »
By Joanne Butler, Senior Fellow at CRI’s Center for Economic Policy and Analysis Although many folks may not ever feel free from government these days, according to the Tax Foundation national “Tax Freedom Day” occurs on April 9th and the date for Delaware taxpayers is April 11th. Freedom Day is the date at which taxpayers [...]
Senate insurance committee chair puzzled by Insurance Commissioner’s pre-meeting, won’t attend
Posted in State Spending, Transparency on April 7, 2010 | Leave a Comment »
In an A1 story published Wednesday by News Journal reporter Jonathan Starkey, Sen. Patricia Blevins, D-Elsmere, who chairs the Senate’s insurance committee, said she finds Insurance Commissioner Karen Weldin Stewart’s decision to hold her own pre-meeting meeting “puzzling.” Blevins added she will not attend Stewart’s meeting, which the insurance commissioner scheduled three hours before the [...]
