Iowa News

Wisconsin Insurer Plans Expansion

West Bend Mutual Insurance Co. says it plans to more than double the size of its corporate headquarters here in a $57 million expansion and to add about 200 employees within two years. The company said that those hired will …

States Promise Quicker Insurance Product Approvals Under New System

State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, the required number of states …

Report Ranks S.D. Drivers as Safest; Phoenix Drivers Safest in Big Cities

Residents of Sioux Falls, S.D., are the safest drivers in the United States, according to the second-annual “Allstate America’s Best Drivers Report.” The largest city in South Dakota moves up from the number two spot on last year’s report from …

Iowa Judge Says Hidden Restroom Camera Case Can Proceed to Trial

An Iowa judge has sent a case involving an insurance agent accused of installing a hidden camera in a restroom to trial. The attorney for Robert Speirs had asked the court to throw out a charge of misdemeanor invasion of …

Auto theft declines for second straight year

Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that preliminary FBI data shows a 2.1 percent decrease in motor vehicle thefts during January to June 2005 when compared with the same period in 2004. Nationally, this is the second …

North Pointe Reports 1st Quarter Results; Losses from Midwest Storms

Michigan-based North Pointe Holdings Corp. recently reported financial results for the first quarter ending March 31, 2006. Net income was $1.6 million, or $0.18 per diluted share, as compared with $2.5 million, or $0.52 per diluted share, for the first …

American-Community Hires Neal Spero as Senior Vice President

Neal Spero, veteran health insurance executive, joins Mich.-based American-Community Mutual Insurance Co. as senior vice president-Individual, charged with advancing the company’s new revolution in coverage choices and affordability. American-Community is introducing four, innovative consumer-directed programs. The new products are priced …

AUTO THEFT DECLINES FOR SECOND STRAIGHT YEAR

Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that preliminary FBI data shows a 2.1 percent decrease in motor vehicle thefts during January to June 2005 when compared with the same period in 2004. Nationally, this is the second …

United Wisconsin Insurance Receives Upgraded Rating by A.M. Best

A.M. Best recently announced that it has upgraded United Wisconsin Insurance Company (dba) United Heartland’s rating to a secure A (excellent) rating. This upgrade comes as part of a pooled rating with Accident Fund Group. United Heartland became part of …

Editor’s Note: Tornados foretell things to come

As emergency planners and hurricane experts from across the U.S. met in April to plan and prepare for the hurricane season, the timing couldn’t have been better, as massive twisters roared down “tornado alley” through Tennessee, Kentucky and even threatened …