St. Paul Companies unload personal insurance

Programs & Series | MPR News Feature | Types | Reports | Topics | Finance & Economy |
July 12, 1999
Mark Zdechlik - Reporter
Listen: St. Paul Companies unload personal insurance
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The St. Paul Companies announced it's getting out of the personal insurance business and cutting hundreds of jobs at its downtown headquarters. The insurance giant is selling its personal insurance divisions to Metlife because it thinks it can make more money focusing on commercial insurance products. 17 hundred people work in the company's personal insurance operation -- 500 in Minnesota. . Metlife says it will retain all of them through the end of the year and that after that it will keep as many as possible.

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