South Dakota News

South Dakota Court: State Officials Immune in Fatal Highway Crash

State transportation officials are immune from a lawsuit filed by a brother of Gov. Mike Rounds over a fatal highway crash, the South Dakota Supreme Court says. The court’s 3-2 decision said the 2004 accident was tragic but that sovereign …

South Dakota Court: State Officials Immune in Fatal Highway Crash

State transportation officials are immune from a lawsuit filed by a brother of Gov. Mike Rounds over a fatal highway crash, the South Dakota Supreme Court says. The court’s 3-2 decision said the 2004 accident was tragic but that sovereign …

Former Iowa Insurance Agent Pleads Guilty to $1 Million Fraud

A former Iowa insurance agent accused of siphoning more than $1 million from clients has pleaded guilty to federal charges. Jack Straw pleaded guilty to four counts of wire fraud and one count each of mail fraud, possessing a forged …

Agency Startups Defy A Hard Economy and Soft Market

The independent insurance agency system is enjoying a bit of resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, has been halted. The number in 2008 was 37,500 — the …

Start-Up Stories: How New Agencies Are Competing

A Crop of Newly-Formed Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, …

Starting an Agency? Go Rural, Think Small

Question: How many people does it take to support an insurance agency? Answer: At least 1,089. One to run the agency and 1,088 townspeople. The population required to support different businesses varies greatly but insurance agencies have one of the …

Start-Up Stories: How New Agencies Are Competing

A Crop of Newly-Formed Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, …

Dream Agents

We Insurance Journal writers are fortunate in that we get to speak with a lot of good folks from company CEOs and agency principals to state regulators and experienced underwriters. They come in all accents, ages and attitudes. Most of …

Study Unveils Target Areas for Flood Policy Sales

But Selling More at Subsidized Premiums Could Sink Flood Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include dozens of counties that have …

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. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …