South Dakota News

It Figures

$14.7 Million The State of Ohio has been awarded a $14.7 million judgment against four defendants in a case involving a hazardous waste treatment facility that was not shut down properly. The Montgomery County Common Pleas Court found that Republic …

Decades in the Making, NAIC Outlines Natural Catastrophe Plan

White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the …

New Markets

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. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …

South Dakota Group Seeks to Strengthen Traffic Safety Laws

More than a dozen organizations and state Sen. Ben Nesselhuf of Vermillion have formed Safe and Sound South Dakota, a coalition they say is designed to promote traffic safety legislation. In a release, the coalition said its priorities include strengthening …

It Figures

15 A Waterloo, Iowa, insurance agent convicted of fraud has been handed a 15-year prison sentence for bilking elderly clients out of at least $1 million. In sentencing Jack Straw on Sept. 22, U.S. District Judge Linda Reade opted to …

Business Moves

Prepared Insurance, Florida Florida approved a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, is also promising to offer a broad …

10 Insurers Hit Century Mark

The National Association of Mutual Insurance Companies has welcomed 10 new members into its Century Club, recognizing them for serving policyholders for 100 years. With the addition of the 2009 class, the Century Club has more than 660 members. Combined, …

Iowa Insurance Agent Gets 15 Years for Bilking Elderly

A federal judge in Cedar Rapids, Iowa, has handed a 15-year prison sentence to a Waterloo insurance agent convicted of fraud in the bilking of elderly clients. U.S. District Judge Linda Reade opted to go beyond the maximum recommended sentence …

10 Insurers Hit Century Mark

The National Association of Mutual Insurance Companies has welcomed 10 new members into its Century Club, recognizing them for serving policyholders for 100 years. NAMIC also recognized Bucks County Contributionship Mutual Insurance Co. on its 200th anniversary. “These companies have …

It Figures

97 Former Maineville, Ohio, insurance agent William R. Appleton, II, was sentenced Sept. 1 in a U.S. District Court to 97 months imprisonment for one count of mail fraud and 60 months imprisonment, to be served concurrently, for one count …