South Dakota Insurance Company Being Liquidated by State

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 policyholders, including paying any valid claims.