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NI Holdings, Inc. is a holding company specializing in property and casualty insurance through multiple subsidiaries in the Midwest.
NI Holdings, Inc. is a North Dakota-based insurance holding company that serves as the parent company of Nodak Insurance Company, specializing in property and casualty insurance. Through its subsidiaries, NI Holdings offers a diverse range of insurance products, including private passenger auto, homeowners, farmowners, and commercial multi-peril insurance, primarily targeting customers in the upper Midwest states. In addition, the company engages in crop insurance services, capitalizing on a strong marketing affiliation with the North Dakota Farm Bureau, which enhances its customer base and brand reputation.
Founded during the conversion of Nodak Mutual Insurance Company in 2017, NI Holdings operates through an intercompany reinsurance pooling arrangement that optimizes risk management across its subsidiaries. With a focus on maintaining high financial strength ratings as evaluated by AM Best, the company combines traditional insurance methods with innovative strategies, such as enhancing agent relationships through technology and ensuring superior claims services. As of December 31, 2023, NI Holdings had 234 employees, providing a robust operational framework to support its insurance offerings.
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