South Dakota News

NAMIC Welcomes New Board Members

The board of directors of The National Association of Mutual Insurance Companies (NAMIC) welcomed 10 new members during the board’s quarterly meeting in Phoenix, Ariz. “These new members add even more depth to the NAMIC membership,” said Bart Anderson, senior …

Large Manufacturing Commercial Property

Nuts & Bolts: General Casualty Ins. Cos. enhanced their commercial coverages and capacity becoming a market for additional manufacturing lines of business. The Sun Prairie, Wis.-based property and casualty insurer is now looking to write accounts with property values up …

S.D. Observers Concerned About DOI Practices

Insurance representatives and legislators in South Dakota are concerned about how the state Division of Insurance is conducting its investigations in light of an ongoing conflict between the DOI and two life/health insurance agents and a flood of complaints from …

INSURANCE COVERS REPAIRS, NOT VALUE:

Siding with a majority of courts in other states, the South Dakota Supreme Court last month ruled unanimously that auto insurers cannot be forced to pay policyholders for the lost market value of wrecked vehicles that have been repaired. The …

S.D. Observers Concerned About DOI Practices

Insurance representatives and legislators in South Dakota are concerned about how the state Division of Insurance is conducting its investigations in light of an ongoing conflict between the DOI and two life/health insurance agents and a flood of complaints from …

News Briefs

INDIANA Ind. Targets Unemployment System: The Indiana Department of Workforce Development (IDWD) has taken another step toward modernizing its unemployment insurance system by contracting with Carmel, Ind.-based Haverstick Consulting Inc. as the prime vendor for the Unemployment Insurance Modernization (UIM) …

New Markets

Enhanced Identity Theft Protection Nuts & Bolts: Travelers personal lines, a member of St. Paul Travelers, announced significant enhancements to its identity theft protection program, including a new resolution service and expanded expense reimbursement coverage. They now offer resolution services …

S.D. Couple Found Guilty in $1.3M Farm Fraud Case

A Rapid City, S.D. couple has pleaded guilty in U.S. District Court to conspiring to defraud the U.S. government out of more than $1.3 million in farm benefits. Connie S. Finneman, 46, and David M. Finneman, 50, were both indicted …

Durbin Pledges $1.6 Million for Ill. Health Insurance Pool

After months of blocking a Senate bill because he claimed it shortchanged his state, Sen. Dick Durbin announced Thursday that he has won assurances that Illinois’ state health insurance pool would get an extra $1.6 million a year in federal …

Wells Fargo Acquires JS Crop Insurance

Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to farmer-customers in Indiana and Ohio. Terms of the acquisition …