South Dakota is one of three U.S. jurisdictions whose countersignature laws are being challenged in court by the Washington, D.C.-based Council of Insurance Agents and Brokers. The statutes preclude out-of-state insurance brokers from conducting business in their jurisdictions without the …
Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003, marking the first decline in premium prices in any major line of commercial insurance in nearly four years, according to the Risk …
Beginning in March, a new Minnesota law designed to get uninsured drivers off the road will require proof of insurance from both a random sampling as well as “problem drivers” who have previous convictions on their records. Half of the …
A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies, and Michigan and Missouri are two of the nine …
In partnership with Insurance Journal, the National Alliance School for Producer Development will award one scholarship for a full-tuition sponsorship to the upcoming Cincinnati, Ohio, School for Producer Development. The Matt Wells Scholarship for Producer Development was created to extend …
Illinois Insurance Director J. Anthony Clark announced that he would step down from his post effective Feb. 13, according to the Associated Press. The constraints forced upon the insurance department by the state’s budget and the bother of commuting between …
Insurers’ use of credit scoring in underwriting and rating personal lines insurance harms poor and minority policyholders in Missouri, according to a study released by the state’s insurance department. The report, Insurance-Based Credit Scores: Impact on Minority and Low Income …
The Albany, N.Y.-based National Conference of Insurance Legislators (NCOIL) has announced that it will restrict access to the portions of its Web site dealing with adopted models and resolutions, reports, issue briefs and meeting minutes. The move, an attempt to …
Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000 phony errors and omissions (E&O) policies for life insurance agents in some 30 states. …
It’s a policyholder’s worst nightmare to find out the insurance she’s been dutifully paying for is not there when she needs it. This is why every responsible agent tries to do business with reputable, financially healthy insurers. Not only does …
