South Dakota News

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

It Figures

$3 Million The amount in underpaid benefits uncovered by an audit of Minnesota’s worker’s compensation system. The $3 million in underpaid claims represents less than 1 percent of overall benefits paid, but auditors recommended that the Department of Labor and …

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. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …

South Dakota House Kills Tougher Seat Belt Law

Members of the South Dakota House have killed an attempt to revive a failed bill strengthening the state seat belt law. The House voted 35-33 to defeat an attempt to insert language creating a primary enforcement seat belt law into …

South Dakota Trucking Firm Operates Despite Insurance Violation Charges

A federal judge has signed a preliminary injunction that will allow a Sioux Falls trucking company to keep operating while a court case against it advances, as long as it carries insurance. Action Carrier Inc. was ordered in November to …

Seat Belt Law Change Could Net South Dakota $5 Million

South Dakota could collect more than $5 million in federal money by passing a primary seat belt law, a state lawmaker says. Rep. Rich Engels, D-Hartford, testified on Wednesday for SB79. The House Judiciary Committee will take more testimony on …

Equipment Breakdown Reinsurer to Pay Certificate, Inspection Costs

Mutual Boiler Re, a Malvern, Pennsylvania based equipment breakdown reinsurer, said it will now pay for its insureds’ boiler and pressure vessel certificate issuance fees and inspection costs in the nine U.S. jurisdictions that charge equipment owners directly for such …

Areas with Flood Policy Sales Potential

The GAO compared the number of NFIP policies in a given area as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, …

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. Fire Protection Contractors Market Detail: McNeil & Co. brings agents the FireWatch Program. This is …

South Dakota Weighs Change in Auto Damage Disclosure

There’s a move afoot in Pierre to change South Dakota’s damage disclosure law for motor vehicles. SB98 would require vehicle titles to contain a statement as to whether the vehicle had been damaged in excess of 40 percent of its …