South Dakota News

N.D., S.D., Iowa Drivers Enjoy Lowest Auto Rates: NAIC Report

According to the NAIC’s “State Average Expenditures & Premiums for Personal Auto Insurance in 2003,” North Dakota drivers enjoy the lowest average auto insurance premiums in the nation. North Dakota’s average annual auto insurance expenditure of $536.30 is 35 percent …

Employers in Midwest Pay Lower Hourly Cost Per Employee

Even figuring in the relatively high cost of workers’ compenstion insurance, employers in Midwestern states like Missouri and Illinois paid a lower hourly costs for employee compensation than the national average. According to data released today by the Bureau of …

S.D. Agent Investigation Under Scrutiny

South Dakota state legislators have asked Division of Insurance officials to explain how they investigate agents and companies, and how they resolve conflicts with them, after hearing complaints this week from two agents. Members of the Legislature’s Government Operations and …

S.D. Court Rules Insurance Covers Repair, Not Value

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

News Briefs

NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII: The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance consumers. According to NAMIC State Affairs Manager Christian John Rataj, …

NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII:

The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance consumers. According to NAMIC State Affairs Manager Christian John Rataj, rate modernization would: Promote greater market …

S.D. DOI Returns $3M to Consumers

About $3 million was returned to South Dakota consumers in fiscal year 2005 from the South Dakota Division of Insurance’s consumer assistance program, according to the department’s division director. According to division director Merle Scheiber, $2,957,416.36 was returned to citizens, …

Diederich Acquires Doctors’ Financial

Diederich Insurance Agency of Carbondale, Ill. today announced the holdings acquisition of Doctors’ Financial Group, Inc. of Denver, Colo. Terms of the transaction were not disclosed. Doctors’ Financial Group, Inc. offers medical professional liability services for their physician and surgery …

Oilfield Anti-Indemnity Acts and Their Impact on Insurance Coverage

In the oilfield, operators typically enter into Master Service Agreements with various contractors who supply services and materials needed in connection with the many and varied oilfield operations. The MSAs usually require the contractor to indemnify the operator against any …

Oilfield Anti-Indemnity Acts and Their Impact on Insurance Coverage

In the oilfield, operators typically enter into Master Service Agreements with various contractors who supply services and materials needed in connection with the many and varied oilfield operations. The MSAs usually require the contractor to indemnify the operator against any …