Idaho News

Agents Look to Farm Profit

Depending on what line of agriculture insurance agents are serving, the potential is there to farm a profit. However, some lines of insurance are finding the growing tough. California-based Fredricksen Insurance Services is a program manager for the Travelers’ Livestock …

Idaho Gov. Signs Bill Restricting Insurers’ Actions Based ‘Primarily’ on Credit History

Gov. Dirk Kempthorne signed Senate Bill 1408, restricting insurers’ use of credit-based insurance scores, earlier this week despite being urged by several insurers and trade groups to veto it. National Association of Independent Insurers (NAII) Northwest Regional Manager Michael Harrold …

Non-franchised Used Car Dealers

Nuts & Bolts: DMI Insurance Services Inc. is offering a program for non-franchised used car dealers. Appointments are required. Seeking to form long-lasting, mutually beneficial partnerships with producers that are garage specialists with books of garage business and a proven …

Great American Insurance Offering New Coverage in 16 States

Ohio-based Great American Insurance Company, a property and casualty insurance operation, has begun offering notary bonds and errors and omissions insurance in 16 states. The states are: Arizona, California, Illinois, Indiana, Kansas, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, North Dakota, …

AIA Warns of Harm to Idaho Market

The American Insurance Association (AIA) says a measure to restrict insurers’ use of credit scores will raise rates for two-thirds of policyholders and will significantly harm Idaho’s insurance market. “This bill creates an unworkable law that will isolate and disrupt …

Idaho Passes Bill Restricting Use of Credit-Based Scores

Legislative action has been completed on a bill prohibiting insurers from charging a higher premium or declining to insure a person based primarily on his or her credit rating or history. The House passed Senate Bill 1408 March 11 and …

Utah Legislature Sends Structured Settlement Protection Bill to Gov.

The Utah Legislature has passed a bill aimed at protecting consumers who depend on structured settlements, becoming the first state this year to do so, according to the Alliance of American Insurers. Five other states are considering such legislation this …

Revolution or Evolution’ The Internet Goes Mainstream

The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has the power to introduce cost-saving efficiencies into the insurance process for carriers and agents alike—met with such stiff resistance less than …

IDAHO PASSES CREDIT SCORING BILL

An Idaho State Senate committee recently approved a bill prohibiting insurers from charging a higher premium or deciding not to insure a person based primarily on his or her credit rating or history. In opposing SB 1408, National Association of …

Revolution or Evolution’ The Internet Goes Mainstream

At last, the gap between potential and reality is shrinking as agents explore their online options. The insurance industry is notoriously reluctant to change. So it was little surprise that the Internet—a tool that has the power to introduce cost-saving …