AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications [Yahoo! Finance]
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
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Source: Yahoo! Finance
the Long-Term Issuer Credit Rating of "a+" (Excellent) of Westminster American Insurance Company (WAIC) (headquartered in Owings Mills, MD). These Credit Ratings (ratings) have been placed under review with negative implications following the recent announcement made by NI Holdings, Inc. [NASDAQ: NODK], its ultimate parent, that a definitive agreement has been signed to sell WAIC to a private party. The transaction has been approved by the board of directors and is currently pending regulatory approvals and subject to customary closing conditions. Once the agreement closes, WAIC will no longer maintain an affiliation with Nodak Insurance Group (Nodak) and will be removed from the pool, with its participation percentage re-allocated among the remaining pool members. NI Holdings, Inc. purchased WAIC through a 100% stock purchase agreement in 2020, and subsequently, the company was added as a member to the Nodak pool to diversify its book of business from a product and geographic sta
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News
- AM Best Affirms Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc. [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024GlobeNewswire
- NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Agrees to Sell Westminster American Insurance CompanyGlobeNewswire
NODK
Sec Filings
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- NODK's page on the SEC website