Published September 21, 2012, 02:10 PM
Watertown insurance company being liquidated by state
A circuit court judge approved the liquidation order for Northern Plains Insurance Co.
WATERTOWN (AP) — The South Dakota Division of Insurance is liquidating a Watertown company because it is insolvent.
Officials say a circuit court judge approved the liquidation order for Northern Plains Insurance Co., which is described as a company that specializes in offering high-risk auto insurance.
State Insurance Director Merle Scheiber says the liquidation order enables his agency to protect policy-holders, including paying any valid claims.
Tags: news, updates, state, business, insurance, capitol, watertown
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