Delaware regulators have agreed to end a three-year court battle to implement a regulation that would restrict the ability of an insurer to nonrenew a homeowner's policy based on claims history, insurance trade groups said today.
The nonrenewal issue is now in a bill being considered by the Legislature.
The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) said they and the Delaware Insurance Department had agreed to a "stipulation of dismissal" for the case that was pending before the Delaware Supreme Court.
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