Iowa News

People & Places

Wayne Bates Burns & Wilcox, a national specialty insurance managing general agency, has promoted Wayne Bates to director of the company’s Special Risk Division (SRD), International and promoted him to associate vice president. Bates previously served as director of Burns …

TORNADO DAMAGE ESTIMATE:

Insurance adjustors surveying damage from recent tornadoes in central Iowa say the devastation equals that of Hurricane Andrew that hit Florida in 1992, according to The Associated Press. State Farm Insurance had 30 homes insured in Stratford and Woodward and …

News Briefs

ILLINOIS Crop Insurance for African Farmers: Opportunity International, a global microfinance network based in Oak Brook, Ill., announced its partnership with the World Bank and its affiliated IFT Commodity Management Group to provide index-based weather insurance to rural farmers in …

Burns & Wilcox, a national specialty insurance managing general agency, has promoted Wayne Bates to director of the company’s Special Risk Division (SRD), International and promoted him to associate vice president. Bates previously served as director of Burns & Wilcox’s …

S&P Downgrades XL’s Ratings to ‘A+’

Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on XL Capital Ltd.’s core operating companies to “A+” from “AA-” and removed them from CreditWatch with negative implications, where they were placed …

Conn. Names Fernandez to Lead New Insurance Development Agency

Six months after she announced creation of the office, Connecticut Governor M. Jodi Rell has named Barbara Fernandez to lead the state’s Insurance and Financial Services (IFS) Business Development Office. The office was announced in May as an effort to …

Iowa Tornadoes Leave 1 Dead, 70 Homes Damaged

Nearly one week after tornadoes left more than 20 dead in Indiana, tornadoes on Nov. 12 killed at least one woman and destroyed 70 homes in Iowa. At least three twisters hit two counties in the towns of Stratford and …

People & Places

Michael Moran Dallas-based Colemont Corporation named David Stevoff as chief operating officer of Colemont Brokerage Group, its U.S. subsidiary. Gail Sanders In this newly created position, Stevoff will have responsibility for the overall operations and productivity of Colemont’s U.S. offices, …

Western States Pay Average Auto Premiums, NAIC Reports

Drivers in most of the 13 states that comprise the Western region enjoy about average auto insurance premiums, according to the most recent study produced by the National Association of Insurance Commis-sioners (NAIC). In NAIC’s “State Average Expenditures and Premiums …

Harleysville Realigns Field Operation; Names 4 Regional Presidents

Harleysville Insurance today named the leaders of its new regional field organization, which realigns the company’s existing network of field offices into four geographic zones. The appointments include: Clinton Bothwell, Southeast regional president; William D. Granato, Midwest regional president; Brandon …