Iowa News

News Briefs

MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …

4 St. Louis-Area Men Convicted in $3.5 Million Arson Scheme

Four St. Louis-area men were convicted Wednesday of federal charges related to the torching of four grocery stores as part of a scheme to collect more than $3.5 million in insurance claims. After a 13-day trial, a U.S. District Court …

Senate Backs Linking Federal Safety Funds to States’ Seat Belt Laws

The U.S. Senate this week backed a provision promising federal aid for safety programs to states that enact laws allowing police to stop motorists for seat belt violations. On a 86-14 vote, the Senate rejected an amendment to a $295 …

Iowa Authorities Look to Boost Seat Belt Usage, Reduce Injuries

Beginning May 23, and extending through June 5, law enforcement officers throughout Iowa will join police agencies across the country in the Buckle Up America Campaign designed to promote the use of seat belts. This two-week long effort, known as …

EMC Group Reports Stock Purchase Program Initiated by Parent Company

Iowa-based EMC Insurance Group Inc. announced that its parent company, Employers Mutual Casualty Company, has initiated a $15 million stock purchase program under which Employers Mutual will purchase shares of the company’s common stock in the open market. This purchase …

NCCI Panelists Discuss Regulatory Issues, TRIA

The National Association of Insurance Commissioner’s proudest moment was during its response to 9/11, when it was able to asses the impact of the terrorism within a few days, Dr. Therese M. “Terri” Vaughn told Glen Pomeroy, moderator of the …

People & Places

Alex Soto The Independent Insurance Agents & Brokers of America’s national board has nominated Alex Soto as the association’s president-elect and has elected Robert Fulwider as the next vice president. Once confirmed by the association membership, Soto will assume his …

Home Inspectors, Law Firms and Accountants

Nuts & Bolts: Avon, Conn.-based Target Insurance Services has available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50-plus in size); and professional liability for accountants. Through the professional liability program …

People & Places

Terry Cotter Terry Cotter was named president of Republic Home Protectors, a new managing general agency created by the Republic Group of Companies. In joining forces with Republic, Cotter will develop a new line of personal lines property products designed …

Financial Institutions

Nuts & Bolts: ISO introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability. The program includes policy forms and endorsements, underwriting rules, loss costs (projections of future claims) …