South Dakota News

Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation

United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional federal charter (OFC) for insurers. Under the legislation (SB 40), insurers …

Federal Disaster Dollars Available for Parts of S.D. Damaged by Flooding

Federal disaster dollars will be available for parts of South Dakota damaged by flooding earlier this month, the White House said earlier this week. The declaration will make federal funds available to supplement state and local recovery efforts. “We received …

My New Markets

Antique Home Insurance Nuts & Bolts: MiddleOak is offering the insurance designed exclusively for antique homes. Comprehensive coverage (similar to a high value home policy) for pre-1930 homes with coverage at $250,000 to $5 million. Endorsed by a historical trust. …

News Currents

S.D. Appeals Court overturns $27 million insurance verdict A former insurance agent awarded more than $27 million, one of the largest jury verdicts ever in South Dakota, is entitled to nothing a federal appeals court ruled, reversing an earlier decision. …

My New Markets

Allied Health Care Nuts & Bolts: Travis-Pedersen Associates, Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to a …

My New Markets

Allied Medical Organizations PL/GL Nuts & Bolts: Travis-Pedersen Associates Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to …

My New Markets

Allied Health Care Nuts & Bolts: Travis-Pedersen Associates, Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to a …

Claims against insurance agents and brokers: Timing is everything

In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for allegedly failing to advise their customers of the availability of flood …

Claims against insurance agents and brokers: Timing is everything

Flood policies at heart of many cases against Gulf Coast producers In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for …

2007 Property/Casualty State Specialist Insurers

1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty Insurance FL 371,755 6 Physicians Reciprocal …