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Company news

Bob Lund Scholarship invests in future insurance leaders

SFM established a new scholarship program designed to identify and support future leaders and introduce them to rewarding careers in the insurance industry. The Bob Lund Scholarship is named for SFM’s former CEO, who is widely known for his service to the field of insurance and his continuing passion for making the world a better place.

SFM Foundation holds golf fundraisers, announces new scholarships and fall event

The SFM Foundation 2022 Minnesota and Iowa golf events raised approximately $325,000 for the Foundation’s scholarship program. This fall brings yet another opportunity to support the Foundation, with the popular live fall fundraising event returning to the calendar in November. The in-person event is scheduled for Thursday, November 10, at the Westin Edina Galleria in Edina, Minnesota, near SFM’s Bloomington headquarters.

Get to know an SFM underwriter: Rick Spaulding

Wisconsin-based Marketing Underwriter Specialist Rick Spaulding has worked at SFM for nine years, and in the insurance industry for 16 years. We asked Rick a few questions about his role and his background.

Get to know an SFM employee: Sarah Hunter

Sarah Hunter was recently promoted to SFM’s Vice President, Claims, and previously worked as Staff Counsel with SFM’s in-house law firm. We asked Sarah about her new role and her background.

SFM releases 2021 annual review

SFM’s 2021 financial results illustrate a trend of positive outcomes for the company and the policyholders we serve.

Bray receives Minnesota Lawyer In-House Counsel Award

SFM Senior Vice President and Chief Legal Officer Kathy Bray is among this year’s recipients of the Minnesota Lawyer In-House Counsel Awards.

Get to know a claims representative: Beth Couette

Small Business Accounts Claims Specialist Beth Couette has worked at SFM for nine years, and in the workers’ compensation industry for 35 years. We asked Beth for some details about herself and her role.

SFM’s Financial Strength Rating of A- (Excellent) reaffirmed by AM Best

SFM Mutual Insurance Co. announced that its Financial Strength Rating of “A- (Excellent)” and Long-Term Issuer Credit Rating of “a-” have been reaffirmed by AM Best Rating Services, Inc.

Hunter named VP, Claims

SFM recently promoted Sarah Hunter to Vice President, Claims, succeeding the retiring Meg Kasting.

WCRA announces surplus redistribution, Minnesota insurers and policyholders to receive $600 million

The WCRA has announced a $600 million surplus distribution to its members and insurer policyholders. Approximately $383 million will go to workers’ compensation insurers, $182 million will be distributed to self-insurers, and $35 million will go to policyholders.

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