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Member profile: Nodak Insurance Company

February 1st, 2018 by Amanda Huggett

If you follow NDSU Bison football, you’ve probably noticed one local company consistently in support as a major sponsor of the region’s favorite team. And we’re sure you saw them splashed on our own materials as we promoted Voices of Vision with Shaquille O’Neal this past fall. But their support for their community goes far beyond sports.

You can trust that Nodak Insurance Company has North Dakota’s insurance needs covered. In fact, the company is recognized as one of the top 50 property/casualty companies in the nation by The Ward Group. They are also an A (Excellent) rated company from A.M. Best.

They want you to know that they’re not just agents. They’re your friends and neighbors. And more importantly, they’re agents with answers.

The company’s roots go back to the 1940s, when a group of farmers and ranchers got together to insure their buildings and livestock in response to a need from the North Dakota Farm Bureau. It began as a mutual insurance company and over time, grew to cover auto, home, farm and ranch, and commercial needs.

After a few acquisitions and affiliations that allowed them to diversify and spread, the business today is well-equipped to handle all your insurance needs. Nodak’s agents are multi-line. But one of the best things about working with a Nodak agent is that they’re not just there to sell a policy. They are also knowledgeable, and encourage all clients to use them as a resource for questions and information.

Nodak takes pride in their home state seriously. Fargo serves as their home office, and overall they have 135 employees across all companies, as well as over 70 agents and over 60 locations in North Dakota. Another plus, according to Jim Alexander, president and CEO, is that Nodak offers consistency.

Not only has the company been named to The Ward’s 50 for five of the past six years, but many of the business’ senior management have been on board since 2005. Alexander credits the Nodak employees as a key to their success. There’s something about the people in North Dakota,” he said. “You see hard-working and loyal employees who want to make this a career, and that makes us unique.”

So what can you expect from Nodak Insurance Company next? It’s all about continued growth and expansion of their offerings and a focus on increasing shareholder value. A change from being a mutual to a stock insurance company last year allowed them to raise more capital to do this.

You may think of insurance as a slow-to-change industry, but Nodak has evolved and changed with the times. From the use of technology to improve the customer experience, to use of big data, and cyber protection for customer’s data, and simple web portals to cut down on paper. “You have to look for ways to provide outstanding service and never settle,” Alexander stated. “We work every day to get better, and we’re excited for the future.”

Nodak at VOV

To meet the lifetime financial needs of our North Dakota Farm Bureau member clients by providing competitive products and superior service.

To be North Dakota’s choice as the single source for its insurance and financial needs.

• Customer-Driven
• Quality-Focused
• Strive for Excellence
• Success through Teamwork


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