July 18, 2008
A preliminary estimate of damage from the tornado that struck Rolla, Norht Dakota last week now tops $1 million. Rolette County Tax Director Diane Schwandt expects that estimate to grow. Schwandt says property owners are finding more damage as they …
July 16, 2008
North Dakota legislators say the spending policies of state agencies should get a fresh look to make sure other administrators don’t find themselves facing criminal charges and prison time. Sandy Blunt, the former director of North Dakota’s workers’ compensation agency, …
July 15, 2008
New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …
July 14, 2008
Complaints about North Dakota’s Workforce Safety and Insurance (WSI) agency may not translate into support for making WSI a private business and allowing competition from other insurers, state lawmakers say. The Legislature’s interim Industry, Business and Labor Committee, which is …
July 11, 2008
Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates. However, property/casualty writers that are geographically concentrated in the affected states, especially those …
July 7, 2008
14,500 Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the previous year, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the …
July 7, 2008
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. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …
July 2, 2008
North Dakota’s Supreme Court revived two felony charges on June 30 against a former state workers’ compensation director, saying prosecutors may put him on trial for allegedly misspending more than $18,000 in agency funds. Sandy Blunt was forced out as …
June 26, 2008
Trade groups for New York insurers and agents alike are praising a recently passed bill by state lawmakers that will allow auto insurers to raise or lower their rates by 5 percent over the course of a year without first …
June 24, 2008
North Dakota’s workers’ compensation board approved giving $77 million in dividends to most of its business customers over the next year, which could reduce their annual insurance bills by 62 percent. The dividend is intended to shrink a Workforce Safety …