Public notices shed light on the financial situation of insurance companies | New

In this issue you will find the annual publication of financial summaries of insurance companies licensed to do business in South Dakota.

Insurance companies doing business in South Dakota are required by state law to publish these financial summaries annually. The summary lists the insurance company’s assets, liabilities, activities in South Dakota for the year, and the lines in which the company is licensed by the state of South Dakota to sell insurance.

“Publishing these financial summaries annually is important to ensure that South Dakotans have information about an important segment of the financial industry doing business in our state,” said David Bordewyk, executive director of the South Dakota Newspaper Association. “Notices like these that are published in community newspapers create a permanent public record and help inform South Dakotans in a reliable and transparent manner. The people of South Dakota recognize the importance of public notices published in the community newspaper.

For information on any insurance company doing business in South Dakota, contact the State Division of Insurance in Pierre at 605-773-3563.

More than eight in 10 South Dakotans cite their local newspaper as the “most trusted” source for public notices such as insurance company financial summaries. That’s according to a statewide survey of 446 South Dakota adults commissioned by SDNA and conducted by Coda Ventures in September 2021.

Each month, 574,000 consumers – 83% of adults in South Dakota – read local newspapers in print and online. South Dakota community newspapers surpass all other media as the leading source of local government information.

The South Dakota Newspaper Association, founded in 1882 and based in Brookings, represents the state’s 113 weekly and daily newspapers.

Kristan F. Talley