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Delaware Life CEO offers strategies for combatting sequence of returns risk

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Delaware Life CEO offers strategies for combatting sequence of returns risk


Colin Lake, president and CEO of Delaware Life, sits down with InvestmentNews anchor Gregg Greenberg to explain how workers approaching retirement can counter sequence of returns risk through guaranteed income products.

  • Oct 29, 2025



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Man, 77, dies after collision with teen driver near Hartly, police say

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Man, 77, dies after collision with teen driver near Hartly, police say


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A 77-year-old man died following a two-car crash near Hartly on the morning of Dec. 10, Delaware State Police said.

The man, from the Dover area, has not been identified by police pending family notification.

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According to police reports, the man was driving a Honda Accord east on Judith Road approaching Hartly Road about 9 a.m., as an 18-year-old woman was driving a Ford Focus south on Hartly Road approaching Judith Road.

Police reported that a preliminary investigation shows the Honda moved from the stop sign into the Ford’s path, causing a collision.

The man was pronounced dead at the scene. The woman, from Hartly, was treated at the scene. Police said she refused to be taken to a hospital.

Send tips or story ideas to Esteban Parra at (302) 324-2299 or eparra@delawareonline.com.

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Delaware County approves 19% property tax hike in 4-1 vote

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Delaware County approves 19% property tax hike in 4-1 vote


MEDIA, Pa. (WPVI) — Delaware County Council voted 4-1 Wednesday night to approve a budget that includes a 19% property tax increase, despite objections from residents.

Property owners with a home assessed at $255,000 will pay about $188 more annually under the new budget, which takes effect next month.

Before the vote, some residents urged council to reconsider.

“I ask council to revisit the proposed budget, forgo voting tonight, avoid solving the entire deficit on the back of the hardworking taxpayers,” said Cynthia Sabitini of Upper Providence Township.

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One councilmember agreed, but most did not.

“Simply put, I feel that the increase is too drastic,” said Councilmember Elaine Paul Schaefer.

“This needs to occur. I don’t like it, but it’s what has to occur,” said Councilmember Kevin Madden.

The hike follows a 23% increase last year and a 5% increase the year before. County officials say tax hikes were minimal for a decade, forcing steep increases now.

The current all-Democratic council argues they’re righting the financial ship after past Republican leaders didn’t do enough.

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“For the first time in more than a decade, this budget puts Delaware County on track to have a truly balanced budget,” said Council Chair Dr. Monica Taylor.

County leaders say the increase addresses a structural deficit, but opponents blame spending on projects such as de-privatizing George Hill Correctional Center and creating a health department.

“How do you justify coming in with a deficit and then saying you’re repairing it after you grew it?” said Michael Straw of Media Borough Republicans.

Officials say future hikes should be minimal if the county makes any request at all, but some remain skeptical.

“I have my doubts that we won’t be seeing increases in the future,” Straw said.

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Man in custody after reported threat near Kroger in Delaware County

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Man in custody after reported threat near Kroger in Delaware County


Reports of a potential threat near a Kroger store on Route 23 by Walmart shopping center in Delaware County quickly spread on social media Tuesday evening, with residents posting about an active shooter and sharing updates on neighborhood pages. Many in the community expressed fear and concern as the posts circulated.

Delaware City Police confirmed the suspect, who had made threats to harm himself, is now in custody. Police Chief Adam Moore told ABC 6 that there was no shooting, and the situation was safely contained. Patrons at nearby stores were temporarily asked to shelter in place as a precaution.

Officials say the area is now safe, and residents are being urged to rely on verified information from authorities.



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