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Rest, insured: In its 75th year, Nodak Insurance stronger than ever Seventy five years after its humble start as an insurer of farms and ranches, Nodak Insurance has grown into a multi-state presence with an AM Best rating of A, eight consecutive appearances on the prestigious Ward s Top 50 Property/Casualty Companies list, and with a stock holding company trading on the NASDAQ. 12:00 pm, Apr. 29, 2021 × When Nodak Mutual Insurance was formed in 1946, it primarily focused on providing liability coverage for farmers cars, trucks and farms. / Special to The Forum. It all started in 1946 when 100 North Dakota Farm Bureau members each chipped in $500 to form a small insurance company for farmers and ranchers across the state. ....