Minnesota News

New Markets

Trucking Nuts & Bolts: AIX Group, Inc., a specialty insurance holding company, has formed a program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between …

St. Paul Travelers retreats on Ga. commissions

Georgia Insurance Commissioner John W. Oxendine announced that St. Paul Travelers Insurance Companies has changed what he alleges was the company’s prejudicial agent commissions on homeowners policies in Georgia’s coastal counties, allowing him to cancel a planned hearing into the …

Business Moves

Aon, Footman James Chicago-based Aon Corp. completed the acquisition of Footman James from Alchemy Partners Ltd. based in Guernsey. Terms of the transaction were not disclosed. The transaction will have no effect on existing policies, and client service will continue …

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Ohio Grange Mutual Exits the Banking Business

Maryland-based American Bank Holdings, Inc. and Ohio’s The Grange Bank announced today that the two companies have entered into an agreement under which American’s subsidiary, American Bank, will acquire The Grange Bank. The Grange Bank is a wholly owned subsidiary …

Minn. RJF Agencies Add Executive Vice President, Business Development

RJF Agencies have announced the hiring of Craig Bongart as its new executive vice president of business development. Prior to joining RJF, Bongart spent 20 years leading sales teams for financial services firms, including Fair Isaac Corp. and MoneyGram International. …

St. Paul Travelers Retreats on Ga. Commissions; Hearing Called Off

Georgia Insurance Commissioner John W. Oxendine announced that St. Paul Travelers Insurance Companies has changed what he alleges was the company’s prejudicial agent commissions on homeowners policies in Georgia’s coastal counties, allowing him to cancel a planned hearing into the …

Washington Commissioner Issues Multiple Fines, Enforcement Actions

Washington’s Office of the Insurance Commissioner has ordered UnitedHealthcare Insurance Co. of Minneapolis to pay a $59,000 fine following an agency investigation into the company’s use of unapproved contracts to add chiropractors to its provider network. The agency ordered the …

Western Maritime Forms Maritime Central

Stockton, Calif.-based Western Maritime Insurance Services, a specialist in commercial and recreational marine wholesale insurance, announced today that it is expanding into 13 states for 2007 thru the newly formed entity. Those states will be Arkansas, Missouri, Tennessee, Texas, Oklahoma, …