Category: Supplement

With revenue last year of $4.6 million it’s clear that the captive insurance industry is a lucrative addition to Delaware’s insurance program. Monies flow into the First State from mostly out-of-state captive owners as a result of application fees, premium taxes, and surcharges for required examinations. The Department of Insurance, as statutorily mandated, sends a…

  By Joyce Carroll Special to Delaware Business Times Industry associations offer an opportunity for members to network, weigh in on legislation or industry standards, and provide a public face for folks otherwise unfamiliar with the represented field. Such is also the case for the Delaware Captive Insurance Association (DCIA). The association formed around the…

(Interview conducted with American Water officials.) What is American Water’s line of business? Founded in 1886, American Water (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and…

It is evident that Steve Kinion is passionate about what he does. It doesn’t hurt that accolades and success stories followin his footsteps. As director of Delaware’s Bureau of Captive and Financial Insurance Products, he and  his superiors have facilitated licensure of more than 1,000 captive insurance companies seeking domicile in Delaware. Ranked No. 3…