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

By Joshua King | June 17, 2022

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…

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

By Joshua King | July 17, 2020

(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.”…

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

By Joshua King | March 12, 2020

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…

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PIA of Minnesota is dedicated to providing support and personal service to independent insurance agents and consumers, by promoting professionalism throughout the insurance industry. We assist Minnesota's independent insurance agents in fulfilling the insurance needs of their clients, through education, advocacy, and agency solutions. Serving agents since 1994, PIA of Minnesota is an affiliate of the National Association of Professional Insurance Agents.

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