Iowa News

Nebraska’s Chance to Modernize Still Alive and Kicking

While the legislative effort did not advance this session, conditions in Nebraska are excellent for regulatory modernization. Commissioner Wagner has traditionally been supportive of streamlining and modernization efforts. In a legislative session dominated by budgetary matters, Nebraska legislators this year …

Missouri’s Gov. Holden Again Vetoes Tort Reform

Midwest • May 5, 2004 “A typical response from a governor who is on the trial lawyers payroll!” — Kevin Maher, Cedar Rapids, Iowa.

Elderly Drivers Pose Growing Challenge for States and Auto Insurers

As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …

Finally Got a Piece of the Pie: Breaking Down the Public Entity Barrier

From a small- to mid-sized agency’s perspective, producing public-entity business can seem like a Herculean task. The risks are often large and complex, and the political circumstances in which public entities are embedded present two additional challenges above and beyond …

ACUITY Adds Credit Capability to MI Rater

Eleva, Wis.-based MI-Assistant announced that Midwestern property/casualty insurer ACUITY has incorporated credit report information into the firm’s rating program. This technology eliminates the need for ACUITY insurance agents to access multiple sources in generating quotes for customers. Incorporation of credit-based …

Elderly Drivers Pose Growing Challenge for States and Auto Insurers

As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …

IOWA PASSES NCOIL MODEL, TORT LIMITS:

The Iowa General Assembly concluded its legislative session April 30 and passed three important laws affecting the property/casualty insurance industry, according to the American Insurance Association (AIA), a Washington, D.C.-based lobbying group. SF 2257 governs insurer use of credit information …

The Sad Case of the Mad Cow

The discovery in December 2003 of the first known case of bovine spongiform encephalopathy (BSE)—commonly known as mad cow disease—in the United States was a downer, both literally and figuratively. A United States Department of Agriculture veterinarian maintains the animal—discovered …

Michigan Negotiations on Credit Scoring Apparently in Vain as Gov. Granholm Pushes for Ban

Jennifer Granholm When campaigning for her current office, Michigan Gov. Jennifer Granholm made it clear she detested the use of credit in rating and underwriting auto and homeowners insurance policies. Still, that was back in 2002. It was during the …

Making the Rounds With South Dakota’s Governor, a Former Insurance Agent

Michael Rounds Michael Rounds was having trouble sleeping at night. An insurance agent by trade and a politician by passion, he had told close friends and associates that he would not run for the governorship of South Dakota. It was …