Montana News

NAII Notes All States Have Addressed Privacy Legislation

Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” to assure continued regulatory compliance, according to the National Association of Independent Insurers (NAII). Although passage of the Gramm-Leach-Bliley Act (GLBA) …

Med Mal Fever: When Doctors Walk Out, Politicians Notice

They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …

ACE USA Names New Regional Executive Management Structure

ACE USA has announced a new organizational structure in which nine newly-named regional executives will oversee ACE’s regional operations. As the senior executive in each geographic region, and working closely with the ACE divisional presidents, the regional executives will oversee …

Davis Joins Discover Re as Western Regional Manager

Gray Davis, a 16-year veteran of the insurance industry, has been named western regional manager for Discover Re, the alternative risk transfer operation of The St. Paul Companies. Based in San Francisco, Davis will lead a Discover Re staff responsible …

NAII Notes All States Have Addressed Privacy Legislation, While Handful Have Proposals Pending

Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” down the road to assure continued regulatory compliance, according to the National Association of Independent Insurers (NAII). Although passage of the …

Credit, Privacy Top Agenda for 2003 Mont. Legislature

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 licensing, workers’ compensation benefits and access to court records. “With more than …

Commercial Lines Auto: A Sleeping Giant Awakens

The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was sensitive to litigation expenses, although …

Mont. State Fund Board Appoints Hubbard as Interim CEO

Laurence Hubbard has been appointed by Montana State Fund’s (MSF) Board of Directors to serve as the interim CEO. Hubbard has been with Montana State Fund since 1989. Currently he serves as the vice president of insurance operations. The Board …

Risk Retention Groups Owning Up to Success

Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …

Risk Retention Groups Owning Up to Success

Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …