Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles. Maryland Auto Insurance (MAI) says many contracts, particularly governmental contracts, require …
Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive market trends, AM Best reports. Also, smaller players in …
A Watertown, S.D., insurance company has been placed into liquidation by state insurance regulators. A liquidation order issued by the South Dakota Division of Insurance for Northern Plains Insurance Co. was approved on Sept. 18 by Sixth Circuit Court Judge …
