New Delaware Insurance Commissioner elected

Karen Weldin Stewart was elected as the next insurance commissioner for the State of Delaware yesterday. Ms Weldin Stewart was elected after her third try at the post. Members of the local Delaware agents association were able to meet Ms. Weldin Stewart during the campaign and I for one came away with a favorable impression of her knowledge and attitude towards the industry. Many of us hope she addresses the workers compensation system, mainly the significant decreases in premium without any sign of the corresponding managed care system that was to be in place. Some states, Florida chiefly among them, have been addressing insurance coverage issues such as flood and other hazards, by mandating the pricing and amount of profit insurance companies are able to charge/earn. While this can work as a populist pitch during the campaign season, they can only serve to drive away insurance companies, something a small state such as ours can ill afford. Here's wishing Ms. Welding Stewart the best of luck during her term.
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