Iowa News

Excess Flood Coverage

Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the country, bringing the total to 32 states …

Pair of State Staffers Earn NAIC’s Highest Individual Award

The National Association of Insurance Commissioners (NAIC) has presented its most prestigious individual award to Rosanne Mead, Assistant Iowa Insurance Commissioner, and Fred Nepple, General Counsel in the Wisconsin Office of the Commissioner of Insurance. The NAIC’s Robert Dineen Award …

IEF SITES APPROVED:

Two additional universities will host insurance education institute programs next summer, one in Arkansas and one in Mississippi. According to the Insurance Education Foundation (IEF), the University of Central Arkansas was approved to host its first Insurance Education Institute in …

Iowa Agent Gets 4 Years for Securities Fraud

A Marion, Iowa, insurance agent was sentenced to four years in prison for selling fraudulent securities, according to The Marion Star. Paul L. Edwards, 68, received three years for reportedly engaging in a pattern of corrupt activity and one year …

Connective Technologies Notes TEAM-UP Download with Grange Insurance

Connective Technologies Inc. and Grange Insurance announced the signing of a contract to provide an interface solution for download policy information to their agents via the Internet. “Connective’s TEAM-UP Download offers Grange the ability to enhance the functionality we currently …

IEF Approves Pair of Sites for Teachers Institutes

Two additional universities will host insurance education institute programs next summer, following a decision by the Board of Directors for the Insurance Education Foundation (IEF). The University of Central Arkansas will host its first Insurance Education Institute in June at …

EMC Posts Record 3Q Growth

Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002. Operating income for the …

Fiserv Acquires MI-Assistant Software

Brookfield, Wis.-based insurance software-maker Fiserv Inc. has acquired MI-Assistant Software Inc. — a rating and automation product provider to insurance agents and companies in the Midwest — as part of its plan to increase its presence in the insurance rating …

ACORD, MBA Release New Form: “Evidence of Commercial Property Insurance”

The Association for Cooperative Operations Research and Development (ACORD) and the Mortgage Bankers Association (MBA) have announced the finalization and release of ACORD Form 28, “Evidence of Commercial Property Insurance,” a new standard form that meets the specific needs of …

Livestock

Nuts & Bolts: General Fire & Casualty Company (www.genfireins.com) launched a new livestock insurance product, The CattleGuard. The policy provides coverage for loss involving certain diseases, such as FMD (foot-and-mouth disease), BSE (aka “mad-cow” disease), hydrophobia (rabies), anthrax (charbon or …