Federated Insurance which has some 2,400 employees nationwide with around 1,400 of them based in Owatonna plans to open an office in Mankato. The new office is expected to employ around 200 in the coming years. An actual site has yet to be determined.

Mankato would join Minneapolis, Dallas, Phoenix, Atlanta, Sacramento, Indianapolis, Kansas City and Tampa as remote Federated office locations.

Plans are for the Mankato office to include a property and casualty services team along with an underwriting processing team.

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