Iowa News

Lincoln General, First Capital Create New Contractors Construction Program

Lincoln General Insurance Company has teamed up with First Capital Group’s Midwest Contractors Construction Program. The program is available in Illinois, Indiana, Wisconsin, Michigan, Iowa Oklahoma, Missouri, Kansas, Minnesota, Arkansas and Nebraska. First Capital Group’s Illinois Construction Division serves as …

NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform

The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States – has set its federal affairs agenda for 2006. …

Report Details Injured Nuclear Workers’ Frustrations with U.S. Benefits System

The federal government has paid about $1.5 billion in benefits to thousands of sick nuclear weapons workers under a five-year-old program, but more could be done for thousands of others, says a report by a federal official. The report, made …

Travelers Offers Hybrid Owners 10% Auto Discount

Travelers personal lines, a member of St. Paul Travelers, now offers hybrid-driving Americans a 10 percent discount on auto insurance. Travelers made the discount available in 27 states with plans to roll it out in most remaining states in the …

When the nonprofit insurer is itself a nonprofit

Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing net gain. …

When the nonprofit insurer is itself a nonprofit

Over the years, many a vexed property/casualty insurance company chief executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing any net …

When the nonprofit insurer is itself a nonprofit

Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination of these forces for erasing net gain. …

New Markets

Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …

WHEN THE NONPROFIT

While nobody wants to report a loss, there are several insurers that are not bothered if they don’t report a profit. They serve the nonprofit market and are themselves nonprofit organizations. One of the nonprofit insurers in the market is …

New Markets

Universal ExcessNuts & Bolts: The Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits firmly over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any insurer. …