North Dakotans may soon find it easier to invest in certain real estate offerings. The state Insurance Department has rolled back a 2018 rule that required investors in non-traded REITs to hold a net worth ten times greater than their investment amount—a[...]
Tag: ND Insurance Commissioner
News Release |
State Issues Stop Order Against EPIC Management, LLC and Todd Berning
BISMARCK, N.D. – Insurance Commissioner Jon Godfread has issued a Stop Order against EPIC Management, LLC and its executive officer, Todd Berning, requiring them to immediately cease the offering or selling membership interests in the company. The Insurance & Securities Department has[...]
News Release |
North Dakota launches unified insurance, securities regulator
BISMARCK, N.D. – North Dakota Insurance Commissioner Jon Godfread announced today the unification of the state’s Insurance and Securities department—a move designed to better safeguard residents from fraud and financial risk, with consumer protection at the forefront. The merger resulted from the[...]
Commentary |
Letter: Building a stronger insurance market for North Dakotans
June 28 is National Insurance Awareness Day. It’s a great reminder for all of us to take a few minutes to review our insurance policies. Whether it’s auto, home, health, or life insurance, now is the time to ask yourself: Do I[...]
News Release |
Judge blocks illegal long-term care insurance rate increases imposed on North Dakota consumers
BISMARCK, N.D. – A North Dakota district court judge has approved a motion for summary judgment by Insurance Commissioner Jon Godfread to block an illegal rate increase on consumers of a financially troubled long-term care insurance company operated by the state of[...]
Subscribe!
It's free and it helps us grow and provide better information ForMinot!
News Release |
North Dakota Insurance Department assisted over 1,500 consumers in 2024, recovering over $2 million
BISMARCK, N.D. – Insurance Commissioner Jon Godfread announced today that the North Dakota Insurance Department helped over 1,500 consumers in 2024, assisting with insurance-related complaints and inquiries, ultimately recovering over $2 million for policyholders across the state. As a consumer protection agency,[...]
News |
The state of insurance in North Dakota
In recent years, you may have noticed headlines related to the insurance industry, and, more importantly, you may have experienced its effects firsthand. This could include higher premiums that strain your household budget, reduced availability of certain coverage options, or delays in[...]
News |
Port: Local government insurance fund has been gouging North Dakotans
Imagine discovering that the system meant to protect you in times of crisis is rigged against you. For some North Dakotans, that’s the reality with the North Dakota Insurance Reserve Fund (NDIRF). An audit revealed alarming practices: sloppy claim handling, biased policies[...]
News |
2024 Auto Insurance Comparison
BISMARCK, N.D. – The North Dakota Insurance Department today released the results of its annual cost comparison survey of auto insurance companies in North Dakota, which illustrates the various factors and rates drivers pay for coverage. Participating insurance companies were asked to[...]
News |
Anthem Data Security Breach: What You Need to Know
North Dakota Insurance Commissioner Adam Hamm issued the below news release Q & A on the Anthem data breach. The general message is this: stay calm and pay attention. The full news release follows below. — Official News Release, ND Insurance Commissioner[...]
Subscribe!
It's free and it helps us grow and provide better information ForMinot!
News |
Blue Cross Blue Shield of ND Fined by State
— Official News Release — North Dakota Insurance Commissioner Adam Hamm today announced the issuance of a consent order with Noridian Mutual Insurance Co. which sells health insurance in North Dakota as Blue Cross Blue Shield of North Dakota (BCBSND). The order[...]