Minnesota News

Oregon’s Ario tapped to be Pennsylvania commissioner

Oregon’s Department of Consumer & Business Services announced that Insurance Administrator Joel Ario will be leaving the Beaver State to become Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer & Business Services since 1994, Ario …

U.S. P/C INSURERS PAY $2.1 BILLION IN CAT LOSSES

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a …

My New Markets

Vacation Income Property Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a trust, …

Former Fargo Agent Arrested in Minn. for Insurance Fraud, Theft

An insurance agent accused of defrauding investors has been arrested in Minnesota. David Skjerven, 60, of Sedona, Ariz., faces charges of theft and insurance fraud. An arrest warrant was issued earlier this month by officials in Norman County, Minn. Officials …

Minn. Groups Sue AIG for $100 Million in Damages for Fraud, RICO Violations

The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc. (AIG) to recover more than $100 million in damages for fraudulent actions and violations of …

Mich. Automakers Offer More Safety, Security and Navigation Gizmos

As automakers race to inject as many safety, security, navigation and entertainment features as possible into their vehicles, they ought to keep Mark Evangelista in mind. The 45-year-old owner of a suburban Detroit construction company says he’s had General Motors …

Safeco Announces New Sale Regions, Field Leadership

Seattle-based Safeco has announced it has expanded its sales organization from five to nine regions, and has named executives to lead two of the new territories. “Independent insurance agents have consistently told us they want more personal contact,” said Spencer …

Biker Deaths in Minn. Highest since 1985

The Minnesota Department of public safety said 70 motorcycle riders died on state roads last year, the most since 1985. Authorities attribute the increase to more motorcycles on the road. The number of motorcycle owners in the state doubling in …

Wetern National Insurance Named to 2007 “Ward’s 50”

Western National Insurance Group recently announced that it has been named to the 2007 Ward’s 50 benchmark group of top performing property/casualty companies in the U. S.. The award recognizes Western National for achieving outstanding financial results in the areas …

Fla. Commissioner Issues Cease & Desist Order to Unlicensed Viatical

Florida Insurance Commissioner Kevin McCarty issued a Cease and Desist Order to Great West Growth, LLC of Minneapolis, Minnesota ordering Great West Growth to cease operating as a viatical settlement provider in Florida. The Office of Insurance Regulation charged that …