Mendota Insurance coverage Firm and Mendakota Insurance coverage Firm have accomplished relocating their company headquarters and altering their state of domicile from Minnesota to Tennessee, in response to a press release from the Tennessee Division of Commerce and Insurance coverage.
The insurance coverage corporations, which provide car insurance coverage to harder-to-insure prospects, started promoting insurance policies in Tennessee in August. In anticipation of promoting insurance policies within the state, the businesses transferred 50 present jobs to Tennessee and leased 11,000 sq. ft of workplace house in Nashville.
“I’m happy to see two extra corporations selecting to place down roots in our nice state and transfer their company headquarters to Tennessee,” mentioned Gov. Invoice Lee. “This determination showcases that our unmatched enterprise local weather and proficient workforce make it an excellent location for corporations to do enterprise.”
Mendota Insurance coverage Firm and Mendakota Insurance coverage Firm President Steve Harrison mentioned the transfer is a key element to its progress technique.
In the course of the subsequent 12 months, a further 15 new jobs will likely be created by the businesses. Tennessee would be the ninth state the place the insurance coverage carriers will provide merchandise by means of unbiased brokers. The businesses’ written premiums are projected to be $130 million for 2020.
Supply: Tennessee Division of Commerce & Insurance coverage
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