North Dakota News

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. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …

North Dakota Bills Respond to Firings of Workers Compensation Whistleblowers

The dismissals of four employees who questioned how North Dakota’s workers compensation agency was being run showed a state law intended to guard against such firings is almost useless, a state senator believes. Sen. Tracy Potter, D-Bismarck, asked the Senate …

North Dakotans Urged to Buy Flood Insurance Before Spring Melt

With record amounts of snow in North Dakota, Insurance Commissioner Adam Hamm is urging homeowners, renters and business owners to consider buying a flood insurance policy. Hamm says there’s a 30-day waiting period before a policy becomes effective, and it’s …

North Dakota Moves to Double Auto Insurance Minimum Limits

North Dakota drivers’ minimum required insurance coverage for accidents hasn’t changed in 24 years and should be raised, the state House narrowly decided after debating whether motorists could afford the increase. “We talk about wanting people to have higher and …

1 in 4 Oklahoma Motorists Uninsured

About one in four Oklahoma drivers is uninsured, the fourth-worst rate in the nation, according to a recent study. The study by the Insurance Research Council, which includes data from 2007, shows 24 percent of Oklahoma motorists have no insurance …

North Dakota Agents Report More Interest in Flood Insurance in Fargo

North dakota insurance agents are seeing more Fargo homeowners interested in flood insurance, after a winter of heavy snow and forecasts of spring flooding Ken Kraft is an American Family Insurance agent in south Fargo. He says it’s been the …

Great Northwest Insurance Outlook Revised to Negative by A.M. Best

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of “bbb-” of Great Northwest Insurance Co., which is headquartered in St. Paul, Minn. …

Insurers Oppose North Dakota Bill to Ban Use of Credit Scoring

Property/casualty insuerrs are urging North Dakota lawmakers to defeat a bill that would preclude their use of credit scoring in calculating insurance premiums. The North Dakota Senate Industry, Business & Labor Committee was scheduled to consider the bill, SB 2330, …

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. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …

Declarations

Name Change “While this name change reflects our vision for today and the future, it also brings into focus our long and rich history in this state.” —The Springfield-based Professional Independent Insurance Agents of Illinois announcing that it has changed …