Minnesota News

Alabama Homeowners Insurance Rates Soar; Coastal Areas Hardest Hit

Homeowners insurance rates in Alabama jumped by 69.1 percent between 2001 and 2005 — the second-largest rise nationally — despite the fact that Alabamians have lower incomes and are typically insuring less expensive homes than in most other states. According …

People

Patrick G. Ryan, founder and executive chairman of the largest insurance intermediary, Aon Corp., said he intends to retire from Aon effective Aug. 1, 2008. “After 41 years as CEO and three years as executive chairman, it is time to …

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. Liquor Liability with Assault and Battery Nuts & Bolts: United States Liability Insurance is writing …

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. Child Welfare Insurance Services Nuts & Bolts: Child Welfare Insurance Services is offering programs designed …

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. Sports & Recreation Nuts & Bolts: Sadler Sports and Recreation is offering sports and recreation …

Bridge Compensation Bill Would Shield University of Minnesota

Buried deep inside one version of a bill to compensate the victims of the Interstate 35W bridge collapse is language that would shield the University of Minnesota from any liability. University researchers authored a 2001 study of fatigue cracking that …

Proposal Easing Lawsuits against Insurers Clears Minnesota House

The Minnesota House has approved legislation making it easier for consumers to sue their insurance companies over denied claims. The bill passed on a vote of 81-51 after it was changed to make it more like a Senate version that …

Talks Begin over Compensation for Minnesota Bridge Collapse Victims

Negotiations over a compensation fund for victims of the Minnesota Interstate 35W bridge collapse have begun. A House-Senate conference committee conducted its first meeting without resolving any major differences between their proposals. The $25 million Senate bill would offer the …

Official Finds Optimism on Flood Tour of Southeast Minnesota

A big concern after last summer’s flooding in southeast Minnesota was that the population in some small towns would evaporate, but officials say that’s not happening. Senator Amy Klobuchar toured Goodview, Houston and Rushford to see how the flood recovery …

Austin Mutual Adds Employment Practices Liability Insurance

Minneapolis, Minn.-based Austin Mutual Insurance Co. recently announced that it had added Employment Practices Liability Insurance (EPL) to its businessowners program The company said that the added EPL insurance will be offered to eligible businessowner clients, making coverage and risk …