Montana News

Montana Announces Proposed Asbestos Settlement With W.R. Grace

Montana’s Department of Environmental Quality is seeking comment on a proposed settlement agreement with W.R. Grace & Co. that would provide the agency more than $5 million for costs related to the cleanup of asbestos contamination in Libby, Mont. The …

Montana High Court Rejects Compensation Board’s Lawsuits

The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in payments it made to cover the cleanup …

Montana State Fund Launches Young Worker Safety Campaign

Nearly 1,000 young Montana workers ages16 to 24 year old are injured on-the-job each year, according to the Montana State Fund. The state workers’ compensation insurer’s statistics show that that same age group makes up just 17 percent of the …

Insurers Blast Insurance Regulators as Closed to Open Dialogue

The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by representatives of the American …

Montana’s Insurance Regulator Wants to Open Insurer Data

Montana’s insurance regulator John Morrison, said he wants to give consumers information on the conduct of insurance companies. Morrison said consumers could check to see how often a company cancels policies, delays claims or gets sued under his proposal, and …

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. Energy Risks Market Detail: MarketScout has a team dedicated to energy accounts. They have the …

Chubb To Offer Wildfire Property Protection in 13 Western States

Thermo Technologies, LLC, has teamed with The Chubb Group of Insurance Companies and a Montana-based fire-fighting company to provide wildfire property protection to Chubb policyholders in 13 western states, creating a large, private wildfire protection network. Announced on the eve …

Montana State Fund Says Workers’ Comp Rates to Drop Next Year

The Montana State Fund is cutting workers’ compensation insurance rates by an average of 3 percent next year, the agency’s board said. This is the second year in a row the State Fund, a semiprivate branch of state government, has …

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. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …

Northwestern Montana Flooding Predicted as Temperatures Rise

Some northwestern Montana rivers and streams are likely to flood by next weekend as temperatures rise and part of the mountain snowpack melts, the National Weather Service says. Emergency-services workers met May 9 in Kalispell to plan their response. The …