Nodak Insurance Company News

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak Insurance Company (Nodak Insurance), based in Fargo, North Dakota, and its reinsured affiliate, …

Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock holding company NI Holdings Inc. …