Minnesota News

Carle Installed as President of Minnesota Chapter of CPCU Society

Royanna G. Carle of Berkley Risk Administrators Company LLC has been installed as president of the Minnesota Chapter of the Chartered Property Casualty Underwriters Society. Other elected and installed officers for 2010-2011 are: Vice-President Gary Pasterik, Western National Insurance Group; …

Mid-America Business Conditions Index at Highest Level in Four Years

The May Business Conditions Index for the Mid-America region advanced for a sixth straight month, pointing to a growing economy in the months ahead, according to the May Business Conditions survey of supply managers in the nine-state region. The index …

Flood Group Sticks With Original Red River Plan

A group studying a Red River diversion project in the Fargo and Moorhead, Minn., area said it will stick with its original plan even though it may not offer as much flood protection as first advertised. The Metro Flood Study …

Ag States Group Named Agency of the Year by Minnesota Agents Assoc.

Ag States Group, the insurance subsidiary of CHS Inc., a Fortune 100 energy, grains and foods company, has been honored as Agency of the Year by the Minnesota Independent Insurance Agents and Brokers (MIIAB) association. In the presentation of the …

Best Affirms Ironshore’s ‘A-‘ Ratings; Outlook Stable

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb-” of Ironshore Inc. ,based in the Cayman Islands, and the financial strength rating of ‘A-‘ (Excellent) and ICRs of “a-” of its operating subsidiaries. These include Ironshore Insurance …

Smart Choice Agency Market Program Expands to 6 More States

The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The program is moving into Arizona, Colorado, Nevada, New …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Midwest Farmers Say Federal Risk Management Program Too Complex

Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex. The Average Crop Revenue Election program provides revenue support …

Business Moves

Western National, American Mutual Western National Insurance Group of Edina, Minn., plans to affiliate with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. The transaction is expected to close before fall 2010. Wisconsin American is expected to continue …

Corps Raises 100-Year Flood Estimate for Fargo, North Dakota

The U.S. Army Corps of Engineers has raised its 100-year flood estimate for the Red River in Fargo and neighboring Moorhead, Minn. The change raises the previous estimate about a foot to 42.6 feet. The new estimate was based on …