Minnesota News

N.D. Commissioner Hamm Declared Winner in Tight Race

In a tight race that was not officially called until early on Nov. 5, incumbent Republican Adam Hamm was elected North Dakota insurance commissioner. He narrowly defeated Democratic challenger Fargo state Representative Jasper Schneider. Hamm was appointed in February 2008, …

Declarations

The Blame Game “It stretches both credibility and past experience with bridge structural failure to find causation through a single factor.” —Minnesota State Rep. Jim Oberstar on Oct. 26 criticized the National Transportation Safety Board after a published report said …

Brooke Corp.’s Prospective Buyers Say ‘No’ to Deal

Company Declares Bankruptcy Kansas-based Brooke Corp. has laid off most of its staff after prospective buyers withdrew an offer to purchase the financial services holding company. The Overland Park-based company and Brooke Capital Corp. filed for Chapter 11 bankruptcy protection …

It Figures

$7.7 Billion Texas experienced $7.7 billion in insured losses during first three quarters of 2008, the Insurance Council of Texas reports. The figure is expected to top $10 billion by the end of the year. Texas leads all other states …

Brooke Corp. Troubles Continue as Stock is Sold

Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 …

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. Employer Stop Loss Market Detail: Markel Insurance Co. provides customized stop loss solutions for sponsors …

Safeco, Indiana Insurance Name Midwest Regional Management Staff

Safeco Insurance and Indiana Insurance, both Liberty Mutual Agency Markets companies, recently announced key management appointments to lead their respective personal and commercial lines operations in their Midwest territory. Christopher T. Allen was named vice president, Safeco Insurance, and Midwest …

Group Rates States on Consumer Insurance Information on Web

A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with only six states doing an excellent job. State insurance department websites in 6 states were found to be “excellent” in …

Aviator Group Names NationAir as Preferred Insurance Provider

NationAir Aviation Insurance recently announced that it has been named the preferred aviation insurance provider for the Cirrus Owners and Pilots Association (COPA). Through the preferred broker relationship, NationAir will support continued development of Cirrus safety programs, including Critical Decision …

North Dakota Commissioner Hamm Declared Winner in Tight Race

In a tight race that was not officially called until early today, Nov. 5, incumbent Republican Adam Hamm has been elected North Dakota insurance commissioner. He narrowly defeated Democratic challenger Fargo state Representative Jasper Schneider. Hamm was appointed in February …