North Dakota News

Hamm Leads But Undecided Voters Key to North Dakota Insurance Race

North Dakota’s candidates for insurance commissioner will be competing for undecided voters in the campaign’s final weeks. In a poll commissioned by The Forum newspaper, 43 percent of the people surveyed said they haven’t made up their minds whether to …

Insurer: Odds of Deer-vehicle Crashes Highest in West Virginia

For the second straight year, data gathered by State Farm Insurance shows that vehicles are most likely to collide with deer in West Virginia — a one in 45 chance. That’s up from a year ago when the odds were …

Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive

Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85 million bailout of AIG. Daley …

North Dakota’s Commissioner Adam Hamm: Consumer Protection Remains Top Priority

North Dakota’s Insurance Commissioner Adam Hamm was appointed to fill the vacancy left by a popular Insurance Commissioner Jim Poolman, who left 17 months early to take a job in the private sector. Amid the flack from Poolman’s early departure, …

Declarations

Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding company under the jurisdiction of a federal …

North Dakota Agent Pleads Not Guilty to 78 Counts of Fraud

A Fargo insurance agent has pleaded not guilty to stealing more than $5 million from clients. Larry Atkins is charged with 78 felony counts, including engaging in fraudulent practices and selling unregistered securities. Prosecutors say there are more than 30 …

State Regulators Blast Federal Regulation Advocates Over AIG

State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal regulation. The state regulators spoke out …

Report Says North Dakota Workers’ Comp Claims Not Wrongly Denied

The interim chief executive of North Dakota’s workers’ compensation agency say he’s pleased with a new consultant’s report that found no evidence Workforce Safety and Insurance wrongly denied injured workers claims. Interim CEO Bruce Furness says the report is worth …

N. D. Candidate for Commissioner Proposes “Revolving Door” Law

A lawmaker and Democratic candidate for North Dakota insurance commissioner says a commissioner should not be focusing on another job in the industry while holding office. Rep. Jasper Schneider, D-Fargo, is proposing to bar any state insurance commissioner who resigns …

State Regulators Blast Federal Regulation Advocates Over AIG

State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal regulation. The state regulators spoke out …