Delaware's insurance regulator will decide in two weeks whether to approve the controversial spin-off of Royal & Sun Alliance's U.S. subsidiary–a move critics fear would jeopardize payments of World Trade Center claims and other obligations.
Delaware Insurance Commissioner Matt Denn said Friday that after his ruling he will stay his decision for five days to give dissatisfied parties an opportunity to seek redress in the courts.
Mr. Denn's announcement followed word that Hearing Officer Lawrence Hamermesh has recommended that the proposed spin-off be granted approval.
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