News

Fargo, N.D. - A.M. Best Co. has upgraded the financial strength rating of Nodak Mutual Group to A (Excellent) from  A-. These ratings apply to Nodak Mutual Insurance Company.

The upgrading of its members’ ratings reflects Nodak Mutual’s solid capitalization, positive operating results and business profile as one of the leading writers of property/casualty insurance in North Dakota. In addition, the ratings recognize management’s strong enterprise risk management practices that have contributed to the group’s long-term favorable operating results.

 These results are primarily due to a well-executived plan by management that included reunderwriting the property book of business and successful settlement of open claims, the release concluded.

“I am very proud of our agents and employees. It has taken 10 years of hard work and dedication to our policyholders and company to reach this milestone for Nodak Mutual,” said Jim Alexander, Executive Vice President and CEO.

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. 

Nodak Mutual is the largest property and casualty insurer in the state of North Dakota and has a statewide force of over 60 agents serving more than 26,000 North Dakota policyholders.