Tag: Captive Insurance
Campaign Finance Reports – KWS Edition
End of year campaign finance reports were due by January 20, 2012, and of course, KWS filed hers late. It makes for some interesting reading.
It seems that a number of individuals and law firms with an interest in the captive insurance industry like KWS enough to give her money. Now mind you, captive insurance does nothing for the consumer. It isn’t to benefit Delaware consumers; captive insurance is insurance for corporations. It isn’t to benefit our state, and, despite her claims to the contrary, the captive bureau does not fill the state’s coffers. So why does KWS push the captive bureau so hard? Because it makes her donors (lawyers and law firms who work in captive insurance) more money. And in turn, they kick-back money to her campaign.
IC’s Office Still Losing Money
The Insurance Commissioner’s captive insurance initiative is still losing money but it’s losing less than it used to.
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