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Changes to the MN Ratemaking Report, will it affect your insured?

Changes to the MN Ratemaking Report, will it affect your insured? Statute and rule changes that were discussed in MWCIA’s circular 22-1804 now allow MWCIA, the Data Service Organization (DSO) for Minnesota, to include additional components in the pure premium base rates provided to insurance carriers: trend, tail, and loss adjustment expenses (LAE). Trend accounts for the…

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A.M. Best Affirms Rating of “A+ (Superior)” for Western National Insurance Group

(Minneapolis, Minn.) Western National Insurance Group today announced that A.M. Best Company has affirmed the Group’s “A+ (Superior)” financial strength rating, effective immediately. According to A.M. Best, the rating affirmation reflects the Group’s “excellent level of risk-adjusted capitalization, strong operating performance for an extended period, and its sound business profile.” The rating applies to Western…

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SFM recieves Financial Strength Rating of A- (Excellent) from AM Best

SFM Mutual Insurance Co. has received a Financial Strength Rating of “A- (Excellent)” and a Long-Term Issuer Credit Rating of “a-“ from AM Best Rating Services, Inc. The rating was announced in a press release  issued by A.M. Best on March 2, 2020. The ratings reflect AM Best’s assessment of SFM’s balance sheet strength, as well as…

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Password Frustration

Let’s face it, passwords are frustrating! Coming up with a new combination of letters and numbers for almost every website, all while trying to remember them and make them secure! Many people have difficulty remembering the passwords they created for certain websites. Part of the reason the passwords are hard to remember is that every…

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