South Dakota News

Nightmare on E&O Street

It’s a policyholder’s worst nightmare to find out the insurance she’s been dutifully paying for is not there when she needs it. This is why every responsible agent tries to do business with reputable, financially healthy insurers. Not only does …

Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage

Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000 phony errors and omissions (E&O) policies for life insurance agents in some 30 states. …

S.D. SUED OVER COUNTERSIGNATURE LAW:

South Dakota is one of three U.S. jurisdictions whose countersignature laws are being challenged in court by the Washington, D.C.-based Council of Insurance Agents and Brokers. The statutes preclude out-of-state insurance brokers from conducting business in their jurisdictions without the …

Manning Riddell Sued Over Bogus E&O Coverage

Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000 phony errors and omissions (E&O) policies for life insurance agents in some 30 states. …

Insurance Skills Center to Host Agribusiness Conference March 17-18

Insurance Skills Center will hold a two-day insurance conference for continuing education credits focusing on Farm and Agribusiness Insurance Risks, scheduled March 17-18, 2004 in Sacramento, California. The 17th Annual Agribusiness Conference is designed for broker/agents, CSRs, and company representatives …

Broker Group Makes a Federal Case of Countersignature Laws

The Washington, D.C.-based Council of Insurance Agents and Brokers (CIAB) has filed suit in South Dakota, West Virginia and the U.S. Virgin Islands challenging statutes that preclude out-of-state insurance brokers from conducting business in their jurisdictions without the countersignature of …

South Dakota Senate Passes File-and-Use Bill

The South Dakota Senate overwhelmingly passed a bill that would move the state to a file-and-use system of rate regulation while creating a set of rules to allow commercial lines insurers greater freedoms of rate and form and improve their …

RSA TO DISSOLVE S.D. CLAIMS OFFICE:

Due to corporate restructuring, Royal & SunAlliance has announced that they will dissolve their telephone claims operation of 55 employees in Milbank, S.D. A statement released by the South Dakota Governor’s Office of Economic Development touted the location and employees …

Top 10 Heartland Hotspots for CE Credit, Carrier CEOs and Fun in 2004

When you’re rushing day-to-day just to get your work done and make sure the details are taken care of while the bottom line is in the black, it’s easy to lose perspective on the larger picture in the insurance world. …

Manning Riddell Named Defendant in Lawsuit

Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on www.insurancejournal.com under National news. Manning Riddell allegedly issued more than 1,000 phony …