Montana News

Austin-Round Rock, Texas, Most Secure Large Metro Area

The central Texas area of Austin-Round Rock is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) in which to live, ccording to the sixth annual Most Secure U.S. Places to Live rankings from Farmers …

Montana Makes Morgan Stanley Pay Back $42 Million

Montana Commissioner of Securities and Insurance, Monica Lindeen, finalized a settlement with Morgan Stanley & Co., Inc. regarding allegations the company misled investors. In the agreement, Morgan Stanley has agreed to provide liquidity to Montana investors who invested in auction-rate …

Montana Hail Board Approves Refunds

Montana farmers who bought state hail insurance this year will receive a refund of 40 percent of the premiums they paid. The state Board of Hail Insurance approved the refunds after reviewing an actuarial report at its annual meeting. The …

States with High Homicide Rates Also Report More Traffic Deaths

States with high homicide rates also tend to have higher rates of traffic deaths than other states, says a University of Michigan researcher. In a new study in the current issue of the journal Traffic Injury Prevention, Michael Sivak of …

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. Campgrounds, Dude Ranches & Other Outdoors Risks Market Detail: Hull & Company Inc. has availability …

Flagstone Re Buys Retrocessional Coverage from Montana Re Cat Bond

Flagstone Reinsurance Holdings Limited announced that Flagstone Réassurance Suisse SA, has purchased three years of fully collateralized retrocessional coverage from Montana Re Ltd. a special purpose reinsurer established in the Cayman Islands. “Montana Re was formed as a program structure …

Foremost Insurance Expands Dwelling Fire Program in 3 States

Foremost Insurance Group announced it is expanding its dwelling fire program in Montana, Nebraska and Tennessee, effective Dec. 1, 2009. Typically known as the solution for hard-to-place landlord and owner-occupied properties, Foremost is enhancing its program to include standard and …

Montana Councilman Wants $2 Million Related to Asbestos Site

A city councilman in Libby, Mont., said Thursday that the Environmental Protection Agency owes the asbestos-plagued Superfund community $2 million for the demolition of several contaminated buildings. The city-owned buildings included an export plant for asbestos-laden vermiculite that was shipped …

Clear Insurance Policy: A Closer Look At Document Language

Insurance companies are taking another rhetorical beating — this time as a part of President Obama’s promotional campaign for his health care reform proposals. Now a healthy dose of professional introspection can be valuable, if for no other reason than …

Clear Insurance Policy: A Closer Look at Document Language

Insurance companies are taking another rhetorical beating — this time as a part of President Obama’s promotional campaign for his health care reform proposals. Now a healthy dose of professional introspection can be valuable, if for no other reason than …