Ameriprise Financial has agreed to sell its auto and home insurance business to a subsidiary of Wisconsin-based American Family Insurance Mutual Holding Company for $1.05 billion. Minneapolis-based Ameriprise provides asset management, advisory services and insurance products to is customers including insurance products through its Ameriprise Auto & Home business that is based in De Pere, Wis. Both companies said there would be working towards a smooth transition on behalf of its policyholders, employees and other business partners. Current AAH policy holders will retain coverage with no changes. "We are proud of the exceptional value and award-winning service we've provided to Auto & Home policyholders over the last several decades and we sincerely thank each and every employee for their dedication and contributions," said Jim Cracchiolo, chairman and CEO of Ameriprise Financial in a statement. "This transaction is consistent with our strategy to grow our less … [Read more...] about Ameriprise sells auto and home insurance business for $1.05 billion.
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ADVERTISING/PUBLIC RELATIONS Minneapolis-based Solve has been named agency of record for Sunoco, a Dallas-based gasoline retailer and wholesaler. … Nemer Fieger, St. Louis Park, announced the following new clients: Alliance of Automotive Service Providers of Minnesota; Angel Foundation; Donnie Smith Bike Show; Intercontinental MSP Hotel & Resort; Society Insurance, and Veritas Financial. AGRICULTURE Agribusiness giant Cargill, Wayzata, announced that it has selected Jon Nash to lead its North American protein business. ARCHITECTURE/ENGINEERING Pope Architects, St. Paul, announced the promotion of Amy Maldonado, Brock Martinson, Christine Soma and Rebecca Frenning to the associate level in the firm. CONSTRUCTION Beth Nde of Adolfson & Peterson Construction, was named president of the Minnesota Builders Exchange board of directors; other board member and officers include: Danielle Dziedzic, Dziedzic Caulking, vice president; Erik Molin, Molin Concrete … [Read more...] about Business People: Sunday, Feb. 10
Sections SEARCH Skip to content Skip to site index Your Money Subscribe Log In Log In Today’s Paper Your Money | More Pet Insurance Policies Are Being Sold. But Are They Worth the Cost? Supported by Your Money Adviser ByAnn Carrns Jan. 4, 2019 Americans are increasingly treating their pets as members of the family, feeding them gourmet food, paying for day care and throwing them birthday parties. Family sleepwear sets sold on PajamaGram.com even include matching jammies for the dog. So it’s not surprising that an increasing number of “pet parents,” as they are known in the pet care industry, are seeking sophisticated medical treatments for their animals. Enter pet health insurance, marketed as a way to help defray rising veterinary expenses and avoid “economic euthanasia” — the necessity of putting a pet down because the owner can’t afford treatment. More than two … [Read more...] about More Pet Insurance Policies Are Being Sold. But Are They Worth the Cost?
Colorado’s Division of Insurance recovered nearly $38.5 million for consumers during the past fiscal year, a third of it from investigations into consumer complaints, the division recently announced. Even though the number of cases the division opened against insurers in the fiscal year ending June 2018 was 22 percent lower than the previous fiscal year, the state ramped up its collections on consumer complaints by 34 percent, according to division records. Additionally, the state said it closed 16 percent fewer complaints against insurance companies, yet collected more than $11.3 million for consumers from those complaints. The most came from health insurance, followed by auto insurance. “Answering people’s questions, investigating their complaints, helping people get their claims paid and restoring coverage when it was improperly cancelled, these are areas where we can really impact lives,” Interim Insurance Commissioner Michael Conway said in a news release. … [Read more...] about Colorado insurance regulators recovered nearly $38.5 million for consumers last fiscal year
ADVERTISING/PUBLIC RELATIONS Edge Marketing, a Minneapolis-based public relations and marketing firm serving the legal and accounting industries, was honored with two 2018 MarCom awards by the Association of Marketing and Communication Professionals: Platinum Winner for a publicity campaign and a Gold Winner for online placement, both in the Strategic Communications category. … Lifestyle brand Outside has named Minneapolis marketing agency Haberman to its 50 “Best Places to Work” in 2018. … Martin Williams Advertising, Minneapolis, announced it has won all of the advertising business for Kubota Tractor Corp., Grapevine, Texas. AGRICULTURE Cargill Inc., Wayzata, announced the addition of Anna Richo as general counsel, chief compliance officer and corporate secretary beginning Jan. 14. Richo succeeds Laura White, who retired in May. The company also announced that Florian Schattenmann joined the company as vice president of … [Read more...] about Business People: Sunday, Nov. 18