Articles by David Pitt

Iowa Court: Lawyer May Be Sued for Emotional Pain

The Iowa Supreme Court said a couple from Ecuador may sue their attorney for emotional distress because his advice caused them to be separated from their children and grandchildren for a decade. It’s the first time the state’s high court …

Record Crop Claims Fuel Debate Over Government Subsidies for Farmers

Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy the government cannot …

Court to Des Moines, Iowa: Stop Franchise Fee Lawsuit Opt Out Letters

The city of Des Moines, Iowa, has been ordered by a judge to stop asking individuals and businesses to opt out of a lawsuit in which the city was found to have collected illegal fees from gas and electric customers. …

FEMA to Help Replace University of Iowa Buildings

After months of lobbying and pressure from Iowa’s governor, congressional delegation and others, the federal government said the University of Iowa will get nearly $84 million to replace a flood damaged auditorium and arts and music facilities. The Federal Emergency …

Is It Time to Consider Earthquake Insurance?

Earthquakes and California go together. Or at least that’s what most of the country thought until Tuesday’s East Coast earthquake centered in Virginia. Reports of the earth moving were widespread, coming from New York, Massachusetts, Vermont, and Georgia. Even a …

Iowa-based Principal Financial to Exit Health Insurance

Principal Financial Group Inc., an insurance, retirement and financial services company, said it is getting out of the health insurance business. It said the move will eliminate 150 jobs initially and more later. Principal’s health insurance division employs 1,500 workers …

Progressive CEO Receives $8.4M Compensation, Refuses Bonus

The chief executive of Ohio-based auto insurer Progressive Corp. received 8.8 percent less compensation in 2008 mainly because he declined to accept a performance-related bonus, as investment losses led to the company’s first annual loss in 26 years. Glenn Renwick, …