South Dakota insurance company being liquidated by state

Posted: Updated:

WATERTOWN, S.D. (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.

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South Dakota insurance company being liquidated by state - KSFY News - Sioux Falls, SD News, Weather, Sports

South Dakota insurance company being liquidated by state