Minnesota News

Stein to Lead Western National’s New Surety Business

Western National Insurance Group, headquartered in Edina, Minn., has hired Daniel E. Stein to lead the group’s upcoming entry into surety business. Stein joins Western National with more than a decade of surety-related underwriting and leadership experience. He began his …

Midwest Economic Index Slips But Still Positive on Growth

A Midwest regional business conditions index slipped last month but still suggests a growing economy in the months ahead. A report on the Midwest Business Conditions survey of supply managers and business leaders in a nine-state region was released May …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Insurance for Nonprofits Market Detail: Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) insures …

Western National Insurance Sees Rise in Surplus in Q1 2010

Western National Insurance Group in Edina, Minn., reported $5.5 million increase in policyholder surplus during the first quarter of 2010 over the amount reported at the end of 2009, as well as a 4 percent rise in the company’s combined …

Western National Insurance Affiliates with Wisconsin American

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

QBE Acquires NAU Country Insurance

QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports QBE’s commitment to growing the business through …

Minnesota Spring Flooding Damage Estimate: $14M

The Minnesota Department of Public Safety is estimating that the spring flooding caused about $14 million in damage in the state. Teams of officials from the state and the Federal Emergency Management Agency came up with the number after meeting …

People

The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …

Survey: Midwest Economy Shows Modest Growth Trends

Business conditions in the Midwest are generally on an upward swing, according to a survey of supply managers and business leaders in the region. The Creighton Economic Forecasting Group, directed by Creighton University economics professor Ernie Goss, gauges business conditions …

Linn to Lead Lockton’s New Benefits Practice in Minneapolis

Kansas City, Mo.-based insurance organization, Lockton Companies LLC, has opened a Minneapolis, Minn., employee benefits consulting practice headed by Vice President/Team Lead Melody Linn . With more than 13 years of experience in benefits consulting, Linn’s areas of expertise include …