South Dakota News

Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank

Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

Rebuild of Storm-Collapsed Facility in South Dakota Funded by Insurance

City leaders in Spearfish, S.D., have approved the construction of a $5.8 million facility to replace a city-owned call center that collapsed during a blizzard last year. The City Council this week also signed a seven-year lease with Iowa-based TMone …

South Dakota Proposal on Doctor Choice Opposed by Health Insurers

South Dakota patients could have more choice of doctors within their health insurance networks if voters approve a ballot measure that is drawing strong opposition from the health insurance industry. The proposal on the ballot, Initiated Measure 17, seems simple …

Rough Year for South Dakota Event Organizers, Insurance Helped

Event organizers often do more than hold their breath and hope for success. Sometimes, they hedge their bets when they plan an entertainment venture. Insurance seems like such a dull subject that it would have no place in the entertainment …

South Dakota’s Brown County Gets $150K Grant for New Floodgate

Brown County is receiving more than $150,000 in grant funding to help install a new floodgate where Crow Creek meets the James River. The American News in Aberdeen reports that Brown County has been planning for several years to replace …

S. Dakota Director: Don’t Charge Work Comp Premiums for Independent Contractors

Merle Scheiber, director of South Dakota’s Insurance Division, has issued a reminder to workers’ compensation insurers that bona fide independent contractors are not required to carry workers’ comp insurance under state statute. Scheiber said the division has found that some …

Weak Tornado Confirmed in South Dakota

The National Weather Service says a weak tornado caused minor damage at Lake Cochrane in South Dakota’s Deuel County over the weekend. The afternoon twister had estimated peak winds of 75 mph and was rated an EF-0, the weakest on …

U.S. Attorneys in Dakotas Turning Up Heat on Health Care Fraud

The top federal prosecutors from South Dakota and North Dakota say they have increased their efforts to fight health care fraud. U.S. Attorney Brendan Johnson of South Dakota said he has restructured his office to allow lawyers in the criminal …

Flood Losses Loom for Some South Dakota Farmers

Soybean and corn crops are progressing well in South Dakota, agriculture officials said, though farmers in the eastern part of the state could suffer some losses after heavy rains flooded portions of many fields. Gregg Ulrickson, owner of Crop Insurance …

Flood Damage in South Dakota’s Lincoln County Estimated at $2M

Officials in Lincoln County estimate recent flood damage to roads and bridges at more than $2 million, and they’re hoping for federal aid. “The damage is massive,” County Emergency Manager Harold Timmerman told the Argus Leader newspaper. Road repairs are …