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Minnesota News and Information
2009 SUMMARY OF NEW STATE LAWS – MINNESOTA
(Posted: 6/25/2009)
Minnesota Members in Washington for 2009 CCP
NAMIC member companies from Minnesota traveled to Washington, D.C., last Wednesday to participate in the 2009 Congressional Contact Program. The group had successful meetings with its state delegation and handed out four Benjamin Franklin Public Policy award. This was Minnesota's 20th year participating in CCP. (Posted: 6/23/2009)
Minnesota: Senate Committees Address One-way Loser Pays Legislation
The trial bar’s “One-way Loser Pays” bill had a busy time in the Minnesota Senate last week. The original SF 528 was very similar to the punitive, unbalanced House File 417, which is awaiting consideration on the House floor. NAMIC and its trade association partners, the Insurance Federation of Minnesota and the Minnesota Association of Farm Mutual Insurance Companies, have strongly opposed that version of the legislation. (Posted: 4/7/2009)
Minnesota: Senate Votes to Reject Bill to Ban Credit-based Insurance Scoring
The Minnesota Senate Commerce and Consumer Protection Committee voted 5-4 last Tuesday to defeat Senate File 263, which would have banned the use of credit-based insurance scores as an underwriting tool. Voting in favor of the bill were Sens. Mary Olson, the sponsor; Linda Scheid; John Marty; and Kevin Dahle. Voting against the bill were Sens. Chris Gerlach, Ray Vandeveer, Dan Sparks, James Metzen, and Dan Skogen, a bi-partisan grouping. (Posted: 3/31/2009)
Minnesota: Trial Bar’s One-way Loser Pays Bill Takes Another Step Forward
The Insurance Federation of Minnesota and the Minnesota Association of Farm Mutual Insurance Companies report that HF 417, after being slightly amended by the House Commerce and Labor Committee, received a relatively short hearing by the House Civil Justice Committee before being favorably recommended by that committee after a voice vote. (Posted: 3/3/2009)
Stuart C. Henderson, JD, CPCU, is president and CEO of Western National Insurance Group headquartered in Edina, Minnesota. Western National Insurance Group is licensed in 20 states in the Midwest and Northeast with combined premium writings in both personal and commercial lines of more than $240 million. The group consists of Western National Mutual Insurance Company, Western National Assurance Company, Western Home Insurance Company, and Pioneer Specialty Insurance Company. (Posted: 2/28/2009)
Minnesota: NAMIC Slams Latest Trial Bar Bad Idea
NAMIC submitted testimony to the Minnesota House Commerce and Labor Committee in opposition to House File 417, which would essentially require insurers to pay unreasonable interest of 12 percent and the plaintiff’s attorney’s fees in any lawsuit involving commercial or professional coverage unless the insurer prevailed on all aspects of the litigation. (Posted: 2/24/2009)
NAMIC Slams Minnesota Legislation as ‘Harmful to the Idea of Mutuality’
A proposal to require insurance companies to pay fees and interest to Minnesota claimants who sue is unreasonable, encourages frivolous litigation, and undermines the concept of mutuality, according to NAMIC. (Posted: 2/18/2009)
Report: Insurers to Pay $25.2 Billion in 2008 Catastrophe Claims
U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO’s Property Claim Services Unit. (Posted: 1/20/2009)
Minnesota: Key Legislative Committee Hears Testimony on Costs of Insurance Fraud
State Sen. Linda Scheid, DFL-Brooklyn Park, chair of the Senate Committee on Commerce and Consumer Protection, convened a hearing Jan. 8 for the Legislature to learn more about the significant cost of insurance fraud. (Posted: 1/20/2009)
New Study Suggests Putting Off Driver Licensure to Save Lives (9/9/2008)
2008 SUMMARY OF NEW STATE LAWS - MINNESOTA (7/1/2008)
Report: 33 Million Licensed Americans May be Unfit for Roads (5/28/2008)
Minnesota: Governor Signs Flood Insurance Disclosure Legislation (5/19/2008)
Minnesota: ‘Bad Faith’ Bill Passes House, Conference Committee Expected to Work Out Issues (4/1/2008)
Minnesota: Setback for Trial Bar (3/25/2008)
Minnesota: Bad Faith Bill Sent to Full Senate (3/18/2008)
2008 State-by-state Rankings Released of the Best and Worst Tort Systems in America (3/12/2008)
Minnesota: Procedures Issued for Trade Secret Information in SERFF Filings (3/4/2008)
Minnesota: Trial Lawyers Continue Pursuit of ‘Bad Faith’ Proposal (3/4/2008)
Report: States Better Prepared for Emergencies (2/21/2008)
Report: Most States Earn Average Grades in Highway Safety (2/20/2008)
State Legislator of the Year Awards (9/25/2007)
NAMIC Service Awards Presented (9/19/2007)
2007 SUMMARY OF NEW STATE LAWS - MINNESOTA (8/2/2007)
Minnesota: SERFF Filing Mandated for 2008 (7/31/2007)
Report: Insurers to Pay Estimated $2.18 Billion in Second-Quarter Catastrophe Claims (7/10/2007)
More States to Require SERFF (6/11/2007)
Mutual Trades Applaud Defeat of ‘Double Lawsuit’ Bill (5/23/2007)
Plenty of Political Intrigue Brewing in 2007 State Election Races (5/21/2007)
Road Rage Survey Reveals Best, Worst Cities (5/16/2007)
Report: Emerging Risks Impeding Business Development; Leaders Lack Understanding of Real Risks (5/15/2007)
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