Minnesota News

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. Canine Security Nuts & Bolts: MarketScout is offering coverage for bomb and drug sniffing dogs. …

Public Broker Stocks Down in Dec. as 2007 Closes With 205 M&A Deals

Stock Prices: Brokerage stocks mimicked the overall uneasiness of the stock market during January. Hilb Rogal & Hobbs (NYSE:HRH) traded down 11.2 percent while Arthur J. Gallagher traded up 5 percent. Overall the sector was down 8 percent year-to-date. M&A …

States Make Progress But Still Unprepared for Pandemic, Says U.S.

In the first report of its kind, U.S. health officials said the nation’s states and cities made a strong effort to prepare for a flu pandemic, bioterrorism or other emergency health crises, but big challenges remain. “I think in terms …

Travelers $500M Asbestos Settlement Overturned

A federal appeals court has overturned a $500 million settlement reached two years ago by The Travelers. Cos. Inc., a move that could open the company to potential new lawsuits. Travelers said it is evaluating the ruling by the Second …

Western Nartional Announces Year End 2007 Results

Minneapolis-based Western National Insurance Group recently announced their full year financial results through Dec. 31, 2007. These results reflect the pooled financial results of all companies in the group. Significant comparative financial measures include: • Total Assets – grew from …

Bridge Victim Fund Sparks Lively Debate in Minn. Legislature

The sharpest debate so far over paying victims of the Interstate 35W bridge collapse broke out recently as a House panel unanimously backed a compensation fund and sent it on for more hearings. With survivors listening in the hearing room, …

Minn.’s Smoking Ban Trickles Down to Condos, Homes

Minnesota’s battle over smoking bans is making its way into private homes, as residents of one high-rise condominium along the Mississippi River have voted to make their building smoke-free. At La Rive Condominiums in Minneapolis, smoking will be prohibited in …

Collins Expands Reinsurance Services to Europe

Minneapolis-based Collins is expanding its services as a reinsurance intermediary to Europe. President and CEO Pat Denzer announced that the Company had engaged Michel Fernandez, a native Parisian, who has worked for 15 years as a reinsurance broker serving European …

Western National Adds Senior Vice President, General Manager

Minneapolis-based Western National Insurance Group recently announced that effective as of Feb. 11, 2008, Jeffrey J. Couchman will join the Western National Insurance Group’s management team, serving as both senior vice president & general manager of the Group’s west coast …

N.D. Insurance Agent Pleads Guilty to Fraud and Theft

A Fargo, N.D. insurance agent has pleaded guilty to 38 felony charges as part of a plea agreement recommending that he serve a total of two years in prison. Sixty-one-year-old David Skjerven (SHUR’-ven) also would pay more than 1.3 million …