North Dakota News

Preliminary Estimates of Tornado Damage in North Dakota Top $1 Million

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 …

North Dakota Lawmakers Want Review of Agency Spending

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, …

N.H. Modifies Producer, Adjuster Licensing Law, Fees

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 …

N.D. Workers’ Comp Committee Studying Benefits of Privatization

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 …

S&P Advises Floods Could Lead to Ratings Actions on Midwest-Focused Insurers

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 …

It Figures

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 …

New Markets

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N.D. Surpreme Court Revives Workers’ Comp Charges Against Former Director

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 …

Insurers and Agents Applaud New York Auto Rating Change

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 …

North Dakota Workers’ Comp Board Gives $77 Million Back to Businesses

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 …