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NI Holdings (NODK) just unveiled an update.
NI Holdings, Inc. announced the departure of Michael J. Alexander as CEO and board member effective August 13, 2024, with an expected severance payment of $3.7 million and continued health benefits. Cindy L. Launer, with extensive experience at AIG and other financial institutions, has been appointed as the interim CEO while the company searches for a permanent replacement. This leadership change was made public via a press release on August 15, 2024.
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