Iowa News

Accident Fund Insurance to Acquire United Wis. Insurance

Accident Fund Insurance Company of America has entered into an agreement to purchase United Wisconsin Insurance Company, doing business as United Heartland, a New Berlin, Wis.-based workers’ compensation company. United Wisconsin Insurance Company is a wholly-owned subsidiary of WellPoint, Inc. …

Large Manufacturing Commercial Property

Nuts & Bolts: General Casualty Ins. Cos. enhanced their commercial coverages and capacity becoming a market for additional manufacturing lines of business. The Sun Prairie, Wis.-based property and casualty insurer is now looking to write accounts with property values up …

HOLE-IN-ONE CASE SET FOR TRIAL:

Trial started in September week for a man who said he should have been paid $10,000 after he hit a hole-in-one during a golf tournament. Adam Fisher, who was 18 when he made the shot in 2003, filed a lawsuit …

News Briefs

INDIANA Ind. Targets Unemployment System: The Indiana Department of Workforce Development (IDWD) has taken another step toward modernizing its unemployment insurance system by contracting with Carmel, Ind.-based Haverstick Consulting Inc. as the prime vendor for the Unemployment Insurance Modernization (UIM) …

New Markets

Enhanced Identity Theft Protection Nuts & Bolts: Travelers personal lines, a member of St. Paul Travelers, announced significant enhancements to its identity theft protection program, including a new resolution service and expanded expense reimbursement coverage. They now offer resolution services …

Westfield Names New Executives

Westfield Insurance has named Scott Jurek senior executive, claims field operations, Western division. Jurek helps set and execute the claims strategy for Westfield Insurance while working collaboratively with business partners in commercial lines, personal lines and agribusiness to bring value …

Wells Fargo Acquires JS Crop Insurance

Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to farmer-customers in Indiana and Ohio. Terms of the acquisition …

N.D., S.D., Iowa Drivers Enjoy Lowest Auto Rates: NAIC Report

According to the NAIC’s “State Average Expenditures & Premiums for Personal Auto Insurance in 2003,” North Dakota drivers enjoy the lowest average auto insurance premiums in the nation. North Dakota’s average annual auto insurance expenditure of $536.30 is 35 percent …

GlaxoSmithKline Agrees to Pay $150 million to Settle Fraud Case

GlaxoSmithKline PLC will pay $150 million to settle claims it overcharged the government for two anti-nausea drugs, and prosecutors say they’re looking into 150 cases of drug price fraud. The Glaxo settlement is the latest in a series of whistleblower …

Employers in Midwest Pay Lower Hourly Cost Per Employee

Even figuring in the relatively high cost of workers’ compenstion insurance, employers in Midwestern states like Missouri and Illinois paid a lower hourly costs for employee compensation than the national average. According to data released today by the Bureau of …