Minnesota News

North Dakota Senate Advances Fire-Safe Cigarette Bill

North Dakota smokers may have to get used to puffing more frequently to help prevent accidental fires. The state Senate voted 41-0 this week to approve legislation that says North Dakota tobacco merchants may sell only “reduced ignition” cigarettes after …

Insurers Oppose Minnesota Consumer Credit Ban Bill

While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a Minnesota Senate committee against legislation that they said would take away …

Five Reasons Why Agents Should Pay Attention to the Stimulus Package

The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds into the private sector in history. Although it does not include direct benefits to the insurance industry, it includes provisions that …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Virginia Court Voids Malpractice Policy Due to Material Misrepresentation

In an unusual case, a federal court in Virginia has found that a law firm’s malpractice policy can be voided because a partner failed to disclose to the firm’s insurance company that he had embezzled money from clients. The case …

As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises

With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …

Five Reasons Agents Should Pay Attention to the Stimulus Package

Forward looking agents can and will recognize the opportunities and new ways of thinking about risk that this new direction offers. The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds …

Five Reasons Agents Should Pay Attention to the Stimulus Package

Forward looking agents can and will recognize the opportunities and new ways of thinking about risk that this new direction offers. The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds …

How Consumer Reps Feel About Internet Sales, State Regulation

Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found that in addition to credit scoring, their issue …

People

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …