Minnesota News

It Figures

200,000 Missouri Gov. Matt Blunt issued executive orders declaring a state of emergency and activating the Missouri National Guard in response to the winter ice storm in mid-January. Blunt also put the Disaster Medical Assistance Team on standby in anticipation …

Minn. boy sues parents over injuries in accident

Amy and Ted Harrison Sr. are being sued over a car crash that left their son permanently disabled, and they hope they lose the case now before the Minnesota Supreme Court. The plaintiff is their son, Teddy Harrison, who was …

Insurer to investigate Vermont diocese’s sex abuse

An insurance company for the Roman Catholic Diocese of Burlington, Vermont wants to investigate the church’s conduct in 27 cases of alleged child sex abuse by a former priest before paying the costs of litigation associated with them. The state’s …

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, …

Insurer to investigate Vermont diocese’s sex abuse

An insurance company for the Roman Catholic Diocese of Burlington, Vermont wants to investigate the church’s conduct in 27 cases of alleged child sex abuse by a former priest before paying the costs of litigation associated with them. The state’s …

Business Moves

Goldman Sachs, USI Holdings Insurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion, including repayment of USI’s existing debt …

AIG Looks to Acquire Outstanding Shares of Auto Insurer 21st Century

American International Group, Inc. (AIG) has submitted a letter to the board of directors of 21st Century Insurance Group proposing to acquire the outstanding 38.1 percent publicly held shares of 21st Century for $19.75 per share in cash. AIG and …

Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota

Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned subsidiaries, Mendakota Insurance Co. and Mendota Insurance Agency, Inc. Mendota is …

Georgia Chief Vows Hearing into Commission Cuts by St. Paul Travelers

St. Paul Travelers has reduced commissions paid to insurance agents on homeowners policies sold in Bryan, Camden, Chatham, Glynn, Liberty, and McIntosh Counties, according to Georgia Insurance Commissioner John Oxendine. The intention, the commissioner said, is for St. Paul Travelers …

Minn. Allianz Names Senior Vice President of Marketing

David Sipprell was recently named senior vice president of marketing at Allianz Income Management Services (AIMS), a Minneapolis-based company formed this past August by Allianz of America to respond to the retirement income needs of retiring baby boomers. Sipprell, 44, …