Latest Montana Headlines
All the headlines from our Montana Topic Page, ordered by recency.
MONTANA MAY HAVE TO PAY PRE-1990 WORKERS’ COMP CLAIMS:
May 17 2004 // The state of Montana may have to pay up to $584,000 in workers’ comp claims because the 2003 Legislature, in an effort to balance the 2004-2005 state budget, diverted $18 million from Montana State Fund. When the...
Montana Workers’ Compensation State Fund Adopts MDA Guidelines
Apr 28 2004 // Reed Group announced that Montana State Fund (MSF) has adopted “The Medical Disability Advisor” (MDA), for use in their claims management processes. The MSF’s medical and non-medical staff will use the...
MONTANA STATE FUND AUTHORIZES DIVIDEND:
Apr 19 2004 // The Montana State Fund Board authorized a dividend payment to qualifying policyholders. At their meeting, the Board approved a $2 million dividend distribution. This will be the sixth consecutive year MSF has rewarded...
Montana Commissioner: Homeowner Insurance Rates Leveling Off
Apr 16 2004 // After three years of steep increases, homeowner insurance rates in Montana appear to have leveled off as the economic condition of the industry has improved, state Insurance Commissioner John Morrison said April...
Changes In Federal Crop Insurance Regulations Affect Montana Farmers
Apr 9 2004 // Changes in federal crop insurance regulations will prevent farmers in the region from collecting two full losses for crops planted on the same ground in a single crop year, a federal agriculture official said. The changes...
Montana State Fund Authorizes Dividend
Apr 5 2004 // The Montana State Fund Board authorized a dividend payment to qualifying policyholders. At their March 26 meeting, the Board approved a $2 million dividend distribution. This will be the sixth consecutive year MSF has...
Safeco Settles Suit, May Face $3 million in Claims
Apr 2 2004 // Safeco auto insurance customers who were injured by uninsured or underinsured motorists or who filed medical claims during the last eight years may be able to collect additional compensation under a court settlement...
Vote Against Privatizing Workers’ Comp Gets Mixed Reactions in Montana
Mar 29 2004 // A special committee’s recommendation against privatizing the Montana’s main workers’ compensation program is a combination of good news and bad news for the people involved. The State Fund’s 265...
Montana Receives NAIC Accreditation Award
Mar 15 2004 // The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
Former Carson City, Nev. Businessman Sentenced for Fraud
Feb 18 2004 // Attorney General Brian Sandoval announced that Tye Fortuna, 31 of Big Fork, Montana was sentenced recently by Judge Michael R. Griffin in the Carson City District Courthouse after pleading guilty to felony insurance...
Copart Opens Facility in Helena, Montana
Jan 27 2004 // Copart Inc. announced that it has opened a new salvage facility in Helena, Montana. With the addition of this 22-acre location Copart now has 105 locations in the United States and Canada. “We added the Helena...
Hull & Co. Expands its Operations in Montana
Dec 8 2003 // Hull & Company (Montana) Inc. has acquired the insurance business of Service Office of Montana Inc. in Kalispell, Mont. The staff at Service Office have become full time employees at Hull. “Combining the...
Annual WSSLC Stops in Big Sky Country
Jul 7 2003 // The Annual Western States Surplus Lines Conference meets July 9-12 in Big Sky, Montana, drawing hundreds of industry professionals and their families to the open country for three days of fun, relaxation, and of course,...
Mont. Legislative Session Ends; Privacy, Workers’ Comp Bills Pass
May 6 2003 // Bills involving privacy, workers’ compensation, and unfair claims handling practices were the key insurance-related legislation that passed the 2003 Montana legislature, which adjourned last week. “Probably the...
Montana Fails to Adopt Credit Scoring Legislation
Apr 28 2003 // A Montana bill that would have established reasonable and clear guidelines for the use of credit scoring in insurance underwriting and rating is dead, due in large part to disagreements between the insurance commissioner,...
Alliance Disappointed with Fail of Credit Scoring Bill in Mont.
Apr 25 2003 // The Alliance of American Insurers is disappointed that the Montana Legislature has failed to pass a bill that would have struck a fair compromise on regulating how insurers use consumer credit histories in underwriting and...
Mont. Legislature Approves HB 205
Apr 14 2003 // Both houses of the Montana Legislature have approved HB 205, the Insurance Department’s bill to amend the state’s Insurance Information and Privacy Protection Act, according to the Alliance of American...
Mont. Credit Info Bill Limits Insurers Ability to Accurately Predict Risks, AIA Says
Feb 24 2003 // The Montana House of Representatives has approved legislation to limit use of a valuable tool that allows insurers to accurately predict losses and price auto and homeowners products, the American Insurance Association...
Credit, Privacy Top Agenda for 2003 Mont. Legislature
Feb 10 2003 // The Montana legislature will consider several insurance-related bills this session, covering topics including use of credit, prompt claims payment, stacking of motor vehicle liability coverages, consumer privacy, producer...
