South Dakota News

BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms

Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

Insurer: Odds of Deer-vehicle Crashes Highest in West Virginia

For the second straight year, data gathered by State Farm Insurance shows that vehicles are most likely to collide with deer in West Virginia — a one in 45 chance. That’s up from a year ago when the odds were …

Donegal Insurance Reports 3Q to Reflect Hurricane, Securities Events

Marietta, Pennsylvania-based Donegal Group Inc. reported that its net income for the third quarter of 2008 will reflect realized investment losses related to its equity securities and claim activity resulting from Hurricane Ike in Ohio and western Pennsylvania on September …

Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive

Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85 million bailout of AIG. Daley …

Declarations

Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding company under the jurisdiction of a federal …

N. D. Candidate for Commissioner Proposes “Revolving Door” Law

A lawmaker and Democratic candidate for North Dakota insurance commissioner says a commissioner should not be focusing on another job in the industry while holding office. Rep. Jasper Schneider, D-Fargo, is proposing to bar any state insurance commissioner who resigns …

South Dakota Teepees Damaged in Storm Covered by Insurance

Officials of the Wakpa Sica (WAHK’-pah SEECH’-uh) Reconciliation Place on the outskirts of Fort Pierre, South Dakota will spend this fall and winter repairing teepees that were damaged by a summer storm. Hail, high winds and heavy rains on July …

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. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …

Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive

Midwestern reaction to the bail out of insurance giant American International Group (AIG) varies by regions and officials. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85 million bailout of insurance …