An affiliate of Fargo, N.D.-based Community First Bankshares Inc. has acquired the Carr Agency, an insurance agency in Thornton, Colo. The acquisition marks Community First’s 13th insurance agency acquisition in Colorado. Community First CEO Mark Anderson said in a statement …
Gov. Mike Johanns, a Republican, made Nebraska the second state to enact a law that changes the Standard Fire Policy Act related to commercial insurance policies. Virginia was the first state to take such action late last month, and Minnesota’s …
The Alliance of American Insurers is urging Minnesota’s governor to sign into a law a measure that will go a long way toward stabilizing the state’s commercial insurance market. The bill (House File 267) passed the Senate yesterday by a …
The Alliance of American Insurers has issued a bulletin noting that Virginia Governor Mark Warner has signed into law the nation’s first piece of legislation aimed at changing the Standard Fire Policy Act related to commercial insurance policies. The changes, …
TDI announced the state has entered into an agreement with the Midwest Zone States regarding continuing education (CE) reciprocity. With some exceptions, a course approved by a participating state will be accepted by other participating states merely by filing a …
Irvine, Calif.-based Superior Access Insurance Services Inc. recently announced that they are expanding their personal umbrella programs with two new carriers – both are rated “A (Excellent) ” by A.M. Best. One program offers limits from $500,000 – $2 million …
The Texas Department of Insurance announced the state has joined into an agreement with the Midwest Zone States regarding continuing education (CE) reciprocity. With some exceptions, a course approved by a participating state will be accepted by other participating states …
Nebraska-based auto warranty and service contract insurer National Warranty Insurance Co. has been downgraded to “B++” (Very Good) from “A-” (Excellent) by A.M. Best & Co. The rating action follows NWIC’s decline in policyholder surplus through year-end 2002, which was …
The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent Insurers (NAII). Illinois, Indiana, Kansas, Minnesota, Missouri, Nebraska and …
Agents, insurers and politicians may never agree on how to handle credit-based insurance scoring, but last November the National Conference of Insurance Legislators (NCOIL) passed out of its property/casualty committee a consensus model bill to regulate the use of credit …
