Minnesota News

Minn. State Fund Mutual Changes Name to Reflect Multi-state Growth

State Fund Mutual Companies, a workers’ compensation iinsurer in the Minnesota-Wisconsin market and the largest in Minnesota, has changed its name to SFM, the Minneapolis-based company announced today. “We are a growing company, and our name needs to grow with …

Number of Uninsured Children in Ark. Drops 60 %, Highest in U.S.

Arkansas has made the greatest progress in reducing its number of children without health-care coverage, a nationwide study released Aug. 9 shows. The state saw the greatest drop – nearly 60 percent – of uninsured children from 1997 to 2004 …

Study Shows Decline in Number of N.D. Children Without Insurance

North Dakota has made progress in reducing the number of children without health insurance, a new report says. The state saw one of the biggest declines in the percentage of uninsured children since the start of the State Children’s Health …

Mass. Becomes 28th State to Join Interstate Compact

Massachusetts has become the 28th state to join a program designed to modernize state regulation of life insurance, annuity, disability and long term care products. Gov. Mitt Romney signed legislation into law today that allows Massachusetts to become a member …

ProAssurance Closes on PIC Wisconsin; Premiums Grow 4% in 2Q

ProAssurance Corporation in Birmingham, Ala. reported net income for the second quarter of 2006 of $30.0 million, or $0.90 per diluted share. For the six months ended June 30, 2006 net income was $167.3 million, or $4.95 per diluted share. …

Iowa Hawkeye-Security Names New President, CEO

Des Moines, Iowa-based Hawkeye-Security Insurance, a member of the Liberty Mutual Group, recently announced that David L. Lancaster has been appointed president and chief executive officer, effective August 16, 2006. Lancaster most recently was Wausau Insurance senior vice president and …

New Markets

Bed and Breakfast Nuts & Bolts: Smith, Bell and Thompson and Swiss Re’s Commercial Insurance announce a new program for Bed & Breakfast accounts. The Bed & Breakfast program is designed for the innkeeper industry. Target accounts include bed and …

New Markets

Retail Shopping Centers Nuts & Bolts: Argonaut Group Inc.’s Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, …

Fighting future losses in the midst of fire season

With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned, eclipsing the …

New Markets

Retail Carts Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for retail cart vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and …