A North Dakota mutual insurer with ties to the Farm Bureau is awaiting a decision from the state insurance commissioner as to whether it can proceed with a plan to convert to a stock insurance company. Nodak Mutual Insurance Co. …
The National Association of Insurance Commissioners (NAIC) has appointed Peter L. Hartt, director of New Jersey’s Insurance Division, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). Hartt will represent the interests …
North Dakota Insurance Commissioner Adam Hamm announced settlement agreements with four life insurance companies related to their use of the Social Security Administration’s Death Master File (DMF). As part of the settlements, Hartford Life will pay $2.1 million, Securian Life …
North Dakota Insurance Commissioner Adam Hamm has fined an insurance firm that sold crop insurance in that state and ordered restitution to farmers. The North Dakota Insurance Department announced the multi-layered disciplinary action against The Climate Corporation a/k/a The Climate …
Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Experts are cautioning both insurance buyers and sellers not to overreact …
North Dakota’s chief insurance regulator says his agency recovered or saved $3.4 million for the state’s citizens in 2015. This number represents money recovered through the North Dakota’s Insurance Department’s hotline, through complaints filed by consumers against insurance companies and …
North Dakota Insurance Commissioner Adam Hamm says the state will receive more than $138,000 in settlement agreements over use of the Social Security Administration’s Death Master File, or DMF. Hamm says life insurers have used the DMF for many years …
North Dakota Insurance Commissioner Adam Hamm is stepping down. Hamm tells The Associated Press he will not seek re-election in 2016. Hamm says he has not decided what he will do in the future. The 44-year-old Republican was appointed insurance …
A Bismarck, N.D, insurance and securities agent has been served a cease and desist order for allegedly accepting money from clients and issuing them fraudulent certificates of deposit. North Dakota Insurance Commissioner Adam Hamm served the order against Kevin Wanner …
A Texas-based insurance company is facing a $275,000 penalty in North Dakota after regulators probed the company’s claim-settlement practices. North Dakota Insurance Commissioner Adam Hamm says an investigation revealed that American National Insurance Co. failed to follow regulations regarding guaranteed …
