South Dakota News

Aligned Interests-Agency Perpetuation through the Leavitt Group

Insurance Journal asked me to spend 2,000 words on the Leavitt Group’s agency perpetuation philosophy. So, after rattling off some rather sterile company background, I’ll describe how we and our co-owners manage succession in our agencies, and how the Leavitt …

Rounds and Rounds We Go

It was a weekend in early 2002 and Pierre, S.D.-based agent Michael Rounds was having trouble sleeping. He tossed and turned and started to feel sick to his stomach. All the bed-hopping was making it tough for Rounds’ wife to …

Making the Rounds With South Dakota’s Governor

Michael Rounds was having trouble sleeping at night. An insurance agent by trade and a politician by passion, he had told close friends and associates that he would not run for the governorship of South Dakota. It was 2001, a …

The Sad Case of the Mad Cow

The discovery in December 2003 of the first known case of bovine spongiform encephalopathy (BSE)—commonly known as mad cow disease—in the United States was a downer, both literally and figuratively. A United States Department of Agriculture veterinarian maintains the animal—discovered …

Michigan Negotiations on Credit Scoring Apparently in Vain as Gov. Granholm Pushes for Ban

Jennifer Granholm When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was back in 2002. It was during the …

Making the Rounds With South Dakota’s Governor, a Former Insurance Agent

Michael Rounds Michael Rounds was having trouble sleeping at night. An insurance agent by trade and a politician by passion, he had told close friends and associates that he would not run for the governorship of South Dakota. It was …

The Sad Case of the Mad Cow

The discovery in December 2003 of the first known case of bovine spongiform encephalopathy (BSE)—commonly known as mad cow disease—in the United States was a downer, both literally and figuratively. A United States Department of Agriculture veterinarian maintains the animal—discovered …

CIAB PROCEEDS TO DISMISS W. VA. LAWSUIT AFTER STATE’S DECISION:

The Council of Insurance Agents & Brokers (CIAB) reported it would dismiss its federal lawsuit challenging West Virginia’s counter-signature requirements for out-of-state insurance brokers because the state has moved to overturn that statute. Ken Crerar, president of The Council, praised …

Horne Named AIPSO’s North Central Manager

Residual auto insurance market services provider AIPSO has named Errol Horne as the new manager of its North Central region, which includes the Minnesota, North Dakota and South Dakota auto insurance plans. Horne, who will replace the retiring James P. …

NAMIC Backs Asbestos Reform Bill

The National Association of Mutual Insurance Companies has released a comment on the Senate’s failure to invoke cloture on the pending asbestos litigation reform bill, S. 2290, which would have allowed floor consideration of legislation to reform the asbestos litigation …