Month: August 2018

(AP) — Delaware’s insurance commissioner says there was an error in the proposed rate increase request from the lone insurer offering coverage under the Affordable Care Act in Delaware. The Department of Insurance announced last month that Highmark Blue Cross Blue Shield of Delaware was seeking an average rate increase of 5.7 percent for individual…

The China-US Exchange Foundation (CUSEF) has selected New Castle County Executive Matt Meyer to lead a bipartisan delegation of up and coming elected officials to China. Meyer will visit Chinese economic centers such as Beijing, Shanghai and Guangzhou over a two week trip. CUSEF, an independent, nonprofit organization based in Hong Kong, sponsors exchange programs…

Metrohm AG from Herisau, Switzerland has acquired B&W Tek’s Spectroscopy Solution Business based in Newark. “We are pleased to strengthen our product portfolio in spectroscopy by the acquisition of B&W Tek’s R&D, production and sales organizations,” said Dr. Christoph Fässler, CEO and president of Metrohm AG. The field of spectroscopy looks at how matter and…

By Christine Facciolo In 1982, the Brookings Institution found that 62 percent of the average company’s values were tied to physical assets and only 38 percent to intangible assets, such as people. By 2003, the ratio had nearly flipped, with 80 percent of value attributed to intangible assets and 20 percent to tangible assets. Employees…

Insurance Commissioner Trinidad Navarro announced this week that the Delaware Workplace Safety Program has helped 1,500 businesses save more than $9.8 million on their workers’ compensation insurance premiums. The program offers discounts of up to 19 percent on the Delaware portion of their workers’ compensation insurance premiums. “When businesses are trying to decide where to…

(AP) — A specialty chemicals company and Kentucky mainstay has announced it will move its corporate headquarters to Delaware. News outlets cite a Tuesday statement from Ashland Inc. saying the company will move its headquarters from Covington to Wilmington, Delaware, within the next 17 months. The Lexington office employs 58, and will be shuttered. Some…