• Delaware Insurance Department Launches Probe of Long-Term Care Insurance Rate Increases
  • October 31, 2005 | Authors: Stephen C. Baker; Stephen A. Serfass; Sean H. Brogan; Joseph C. Holden; Kristin M. Heine; David Adam Bilson
  • Law Firms: Drinker Biddle & Reath LLP - Philadelphia Office ; Drinker Biddle & Reath LLP - Florham Park Office ; Drinker Biddle & Reath LLP - Berwyn Office
  • On Thursday, October 6, 2005, the Commissioner of the Delaware Insurance Department, Matthew Denn, launched an investigation into whether insurers have impermissibly raised rates under their long-term care insurance policies. According to Commissioner Denn, this investigation will include a review of all rate increases during the past two years. Commissioner Denn also announced that his office recently rejected at least two rate increase applications.