Minnesota News

Western National Insurance Purchases Umialik Insurance

Western National Insurance Group of Edina, Minn., has signed a definitive agreement for the purchase of 100 percent of the stock of Anchorage, Alaska-based Umialik Insurance Co. from UkpeaÄ¡vik Iñupiat Corp. The purchase is subject to the completion of due …

Republicans Gain Control in State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

GOP Adds Governorships in Midwest

Midwestern states were among those that added to Republican gains in governor’s offices across the country on Nov. 2. Iowa, Kansas, Michigan, Ohio and Wisconsin are among the states that voted to replace Democrats in their governors’ offices with Republican …

Business Moves

Hub, Burnham & Co. Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part …

Declarations

Always Exceptional “It’s easy to forget the good times during times of adversity, but we need to remember that our unique experiment with democracy has produced greater prosperity for more people than any other system in the history of civilization.” …

Midwest Pummeled by Storms

A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …

Edwards Joins NationsBuilders Insurance Services in Minnesota

NationsBuilders Insurance Services Inc., a provider of specialty construction insurance, has added Robert (Rob) Edwards as Product Line manager for Concrete Pumpers to the NBIS team. He is based in Minnesota. In his Product Line manager role, Edwards will lead …

Investors Wait to See If AIG CEO Benmosche Must Step Aside

American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …

Best Takes Various Rating Actions on Kingsway and Subsidiaries

A.M. Best Co. announced that it has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of ‘B-‘ (Fair) and issuer credit ratings (ICR) of “bb-” of Miami-based Kingsway Amigo Insurance Company and Illinois-based Universal …

Minnesota Seat Belt Use Hits Record Level

Daytime seat belt compliance in Minnesota is at an all-time high of 92 percent, according to a new survey by the Minnesota Department of Public Safety (DPS) Office of Traffic Safety. The DPS annual seat belt observational survey reports belt …