South Dakota News

New crop insurance tools

U.S. Agriculture Secretary Mike Johanns unveiled two new risk management tools for pasture, rangeland and forage, beginning with the 2007 crop year. “These new insurances tools will help farmers and ranchers, especially with operations located in drought impacted areas, to …

Declarations

‘Dumb driving’ fines “You crash, you pay … your insurance premium is probably going to go up, but what about the penalty being paid by 25,000 drivers who are sitting in traffic waiting for you to get your traffic cleared?” …

New crop insurance tools

U.S. Agriculture Secretary Mike Johanns unveiled two new risk management tools for pasture, rangeland and forage, beginning with the 2007 crop year. “These new insurances tools will help farmers and ranchers, especially with operations located in drought impacted areas, to …

ProAssurance Closes on PIC Wisconsin; Premiums Grow 4% in 2Q

ProAssurance Corporation in Birmingham, Ala. reported net income for the second quarter of 2006 of $30.0 million, or $0.90 per diluted share. For the six months ended June 30, 2006 net income was $167.3 million, or $4.95 per diluted share. …

New Markets

Bed and Breakfast Nuts & Bolts: Smith, Bell and Thompson and Swiss Re’s Commercial Insurance announce a new program for Bed & Breakfast accounts. The Bed & Breakfast program is designed for the innkeeper industry. Target accounts include bed and …

Optional Federal Charter ‘legislation of the worst kind,’ says PIA exec

The National Insurance Act of 2006 would undermine key insurance consumer protections, constrict the availability of insurance, create market instability and prompt a flood of litigation, according to Leonard C. Brevik, executive vice president and CEO of the National Asso-ciation …

S.D. Aerostar Drops Air Balloon Line Due to Liability Costs, Popularity Decline

Sioux, S.D.-based Aerostar International Inc., a subsidiary of Sioux Falls-based Raven Industries Inc., is getting out of the hot air balloon market. A gradual decline in the popularity of the recreational activity and rising liability insurance costs have made the …

New Markets

Retail Shopping Centers Nuts & Bolts: Argonaut Group Inc.’s Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, …

New Markets

Retail Carts Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for retail cart vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and …

New Markets

Retail Shopping Centers Nuts & Bolts: Argonaut Group Inc.’s Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, …