Montana News

The National Alliance Names Outstanding CSRs for 2004

The National Alliance for Insurance Education & Research, based in Austin, Texas, recently announced the selection of the state winners of the 2004 National Outstanding CSR of the Year Award. The award originated in 1991 to recognize the contributions of …

Insurers Mount Legal Challenge to Multi-state Credit Scoring Study; Ask States to Withdraw Data Call

Two national insurance company trade organizations have expressed legal concerns about the recently initiated multi-state study on credit-based insurance scores and have asked regulators in eight states to withdraw their data requests. The insurers’ concerns were detailed in a strongly-worded …

Independent Insurance Agents of Montana to Hold Conference July 24-27

The Independent Insurance Agents of Montana will hold its 73rd Annual Convention and Young Agents Conference from July 24-27, 2004 at the Rock Creek Resort in Red Lodge, Mont. Highlights of the event include breakfast with IIABA President Louise “BeBe” …

Hull Makes Employee Changes in the West

Fort Lauderdale, Fla.-based Hull & Company announced employee changes in its Montana and Denver offices. Don Hummel will be relocating to Seattle where he will take on the role of regional vice president. He will retain overall responsibility for the …

Regional Focus

Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In addition, there continues to be a shift of business …

Elderly Drivers Pose Growing Challenge for States and Auto Insurers

As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …

Aligned Interests-Agency Perpetuation through the Leavitt Group

Insurance Journal asked me to spend 2,000 words on the Leavitt Group’s agency perpetuation philosophy. So, after rattling off some rather sterile company background, I’ll describe how we and our co-owners manage succession in our agencies, and how the Leavitt …

Elderly Drivers Pose Growing Challenge for States and Auto Insurers

As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …

MONTANA MAY HAVE TO PAY PRE-1990 WORKERS’ COMP CLAIMS:

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 state took the …

Insurer Groups Say Multistate Credit Scoring Study Likely to Be Biased

The results of a multistate data call on credit-based insurance scoring appear to be preordained, according to lobbyists for the National Association of Mutual Insurance Cos. (NAMIC) and the Property Casualty Insurers Association of America (PCI). NAMIC State Affairs Director …