Minnesota News

S&P Advises Floods Could Lead to Ratings Actions on Midwest-Focused Insurers

An aerial photo shows a flooded area of downtown looking North over Cedar Rapids, Iowa, June 13, 2008. Interstate I-380 can be seen on the left while Mays Island, with Cedar Rapids City Hall, is seen on the right with …

Southeast Minnesota Still Recovering from Flood, Some Rebuilding

Jane Thompson stands with her hands on her hips, looking up at a lilac-colored house. It’s the house where Thompson and her family were living at the time of the flood. She’s on Rushford’s main drag, just a block from …

Willis Names Lorsung to Lead Minneapolis Construction Practice

Willis Group Holdings, the global insurance broker, today announced the appointment of Chris Lorsung as leader of the company’s Minneapolis commercial construction practice, effective immediately. Lorsung will retain his title of senior vice president, Willis of Minnesota, Inc. Lorsung’s responsibilities …

Zurich Integrated Products Accepting New Midwestern Businesses

Schaumburg, Ill.-based Zurich North America Commercial announced today that its new Zurich Integrated Products unit is accepting new business submissions from agents and brokers in several Midwestern states for commercial customers in the small-to-middle market segments. Zurich launched this new …

Two Men Charged in Minnesota Arsons

Two Fosston men are charged with first-degree arson in a string of fires that burned buildings in northwestern Minnesota. Levi Coyer and Nick Schouviller, both 19 years old, were arrested on August 8 in Fosston. The August 3rd fires damaged …

Hockert Joins Wausau Signature Agency in Minnesota Office

George Hockert has joined Wausau Signature Agency (WSA) as the director of sales in the agency’s Eagan, Minnesota office, with responsibility for Minnesota, Iowa, North Dakota, South Dakota, and Western Wisconsin. Hockert has more than 15 years of experience in …

AIG Introduces Basic Health Benefits for Private Staff

AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced Basic Health Benefits for Private Staff. Available to full-time domestic staff employed by AIG Private Client Group policyholders, …

Grange Insurance Names Benz President of Life Group

Grange Insurance recently added Michelle Benz as president of the Grange Life Insurance Company. She replaces Tom Welch, previous president of Grange Life who was promoted to chief financial officer of Grange Insurance in April. Welch had been leading Grange …

U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion

Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes …

Web Site for Minnesota Bridge Victims Goes Online Today

Victims of the Interstate 35W bridge collapse can find information about filing claims for compensation on a new Web site that goes online on Monday, Aug.4, 2008. The site is bridgecollapseclaims.com. It was put together by the panel of lawyers …