Public Notices: Insight for folks on Insurance companies
Public Notices: Insight for folks on Insurance companies
By Joseph Budd
Native Sun News Today Staff Writer
Glancing through the paper, you’ll notice this week a large number of public notices regarding insurance companies being posted. This is actually due to a state law, for insurance companies doing business within the state each year. The summary, includes the company’s assets, liabilities, and business in South Dakota for the year, and which lines of insurance the company is authorized to sell within the state of South Dakota.
The Executive Director for the South Dakota Newspaper Association, David Bordewyk summed it up as “The annual publication of these financial summaries is important to ensuring South Dakotans have information about an important segment of the financial industry doing business in our state. Notices such as these that are published in community newspapers create a permanent public record and help to inform South Dakotan in a trusted, transparent manner. South Dakotans recognize the importance of public notices published in the community newspaper.”
For more information about any insurance company doing business in South Dakota, contact the state Division of Insurance in Pierre at 605-773-3563. More than 8 out of 10 South Dakotans cite their local newspaper as the most trusted source for public notices such as the insurance company financial summaries. That is according to a statewide survey of 446 South Dakota Adults commissioned by SDNA and conducted by Coda Ventures in September 2021.
South Dakota Newspaper Association, founded in 1882 and based in Brookings, represents the states’ 113 weekly and daily newspapers, and every month, 574,000 consumers, 83% of South Dakota adults, read local newspapers in print and online. The South Dakota community newspapers outpace all other media as a top source for information about local government.
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May 5, 2022