Montana News

On the Issue of Agent/Broker Compensation & Contingencies

The PIA Western Alliance has always supported vigorous insurance oversight and penalties should be imposed when agents or brokers break the law. As an association we regularly school our members to make sure their practices are in compliance with the …

Credit Scoring, Med-Mal Insurance Dominate Busy Mont. Legislative Session

New Democratic control of the Montana executive and legislative branches proved challenging for insurers who faced uphill lobbying efforts on several fronts in 2005, according to the American Insurance Association (AIA). AIA lobbied to defeat or amend bills to ban …

Home Inspectors, Law Firms and Accountants

Nuts & Bolts: Avon, Conn.-based Target Insurance Services has available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50+ in size); and professional liability for accountants. Through the professional liability program …

Montana Governor Signs Four Malpractice Bills

Doctors and hospitals will have more protection from medical malpractice lawsuits beginning July 1 under four bills signed into law March 28 by Gov. Brian Schweitzer. The measures are among nine proposals before the 2005 Legislature intended to address the …

MONTANA LEGISLATURE PASSES CREDIT SCORING BILL:

The American Insurance Association applauded the passage of an insurance scoring measure in Montana. This bill will ensure consistent use of personal credit information by insurers, while maintaining a tool that enables insurers to accurately predict risk and appropriately price …

PIA Western Alliance Names First Board of Directors

The PIA Western Alliance Board of Directors has elected its first set of officers. Formed in October of 2004, the Board of Directors consists of two officers from each of the four affiliate chapters that make up the Western Alliance: …

Montana Legislature Passes Credit Scoring Bill

The American Insurance Association applauded the passage of an insurance scoring measure in Montana. This bill will ensure consistent use of personal credit information by insurers, while maintaining a tool that enables insurers to accurately predict risk and appropriately price …

Insurers Warn in Study: Unprofitable Del. Auto Insurance Market Could Face Reduced Competition

Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers Association of America. The primary reason for these poor …

Target Insurance Services Launches 3 New Programs: Home Inspectors, Large Law Firms, Accountants

Avon, Conn.-based Target Insurance Services is making available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50+ in size); and professional liability for accountants. All three programs are backed by a …

TDI February Enforcement Actions = $1.3 M in Fines and Restitution

The Texas Department of Insurance recently announced enforcement actions taken by Commissioner José Montemayor that became final during February. The actions include four license revocations, one license denial, and fines and restitution totaling $1,330,673. Only final orders are listed; commissioner’s …