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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 (LAE). Trend accounts for the difference in the cost between the experience period used in the analysis and the future period in which the pure premium base rates will be…

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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.” The rating applies to Western National Mutual Insurance Company and the following wholly owned subsidiaries: Western National Assurance Company, Umialik Insurance Company, Pioneer Specialty Insurance Company, Western Home Insurance Company,…

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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 sheet strength, as well as its operating performance, business profile and enterprise risk management. “We are very pleased to receive this rating from AM Best,” said SFM President and CEO…

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Password Frustration

By Joshua King | November 19, 2019

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 website seems to have different requirements for their password. Some passwords must be extremely secure and require a combination of different letters, numbers, symbols and…

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Just Put The Phone Down

By Greg Sather | June 14, 2019

Whether you are waiting at a stop light, traveling down the interstate or cruising a scenic Minnesota country road, we see it every day. People are on their cell phones. It wouldn’t be so bad if they were just talking on them, but they are texting, watching YouTube and even researching homes for sale on Zillow. Unfortunately, these people are making the roads a much more dangerous place for themselves and everyone around them. I do have to admit, my…

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2019 Legislative Update

By Greg Sather | June 7, 2019

Minnesota lawmakers finished their agreed-upon tasks in a 21-hour special session that adjourned just prior to 7am Saturday, May 25th – just in time for the Memorial Day weekend. The marathon special session marked an end to a contentious year at the legislature – one in which divided government was apparent throughout the session. Democrat priorities heard in the House went unheard in the Senate and Republican priorities passing in the Senate did not receive hearings in the House, putting…

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