News

A.M. Best, the global full-service credit rating organization, recently announced the financial outlook of Nodak Mutual Group and its member company, Nodak Mutual Insurance Company, as positive and affirmed the company's financial strength rating of A- (Excellent). 

Nodak Mutual's rating reflects its favorable operating results, solid capitalization and strong market presence as a leading writer of property/casualty insurance in North Dakota.

"The change in our company's outlook from stable to positive should be considered an upgrade" said Jim Alexander, executive vice president and CEO of Nodak Mutual Group.  "This is extremely important given the economic climate the past few years and assures our member clients that Nodak Mutual Insurance will be here and protecting what's important to them for a long time.

"This couldn't happen without the hardworking, dedicated agents and employees," he said.

Nodak Mutual Insurance maintains a strong market presence, a cost-effective distribution network and has extensive local market knowledge.  In addition, Nodak Mutual Group is sponsored by the North Dakota Farm Bureau.

Nodak Mutual Insurance Company provides insurance coverage for over 26,000 policyholders in North Dakota and has been serving North Dakota Farm Bureau members for over 60 years. Nodak Mutual offers insurance for autos, homes, farm and ranch, business, life and annuities and crop-hail.