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Iowa News

New Market: Condo/Homeowner Assoc., Property Management Firms, Managers

Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation. Coverages for property management are BOP, D&O, EPLI and fidelity. Coverages for property managers …

Farm Bureau Mutual to Merge with Kan., Neb. Farm Bureau Affiliated P&C Insurers

Farm Bureau Mutual Insurance Company announced that the Farm Bureau property-casualty affiliates in Kansas (Farm Bureau Mutual Insurance Company, Inc.) and Nebraska (Farm Bureau Insurance Company of Nebraska) will merge into Farm Bureau Mutual Insurance Company. The Farm Bureau Mutual …

New Market: Manufactured Home

Spectrum Brokers has available a program for manufactured home retail. Business is brokerage only. Endorsements include broad form. Policy limits are $1,000/$2,000 general liability and property, with deductibles of $1,000. Minimum premiums are $750. The carrier is Hudson Insurance, “A” …

Former Okla. State Legislator to Moderate Roundtable

Oklahoma Insurance Commissioner Carroll Fisher announced that Gaylon Stacy, former state legislator and television personality, will moderate a roundtable of insurance commissioners from across the nation during agents and adjusters Continuing Education Day activities Wednesday, Aug. 7. Insurance agents and …

Former Okla. State Legislator to Moderate Roundtable

Oklahoma Insurance Commissioner Carroll Fisher announced that Gaylon Stacy, former state legislator and television personality, will moderate a roundtable of insurance commissioners from across the nation during agents and adjusters Continuing Education Day activities Wednesday, Aug. 7. Insurance agents and …

Big “I” Markets Extends Product Offerings

Big “I” Markets, an online market-access program created by the Independent Insurance Agents & Brokers of America (IIABA), is now offering short and long-term event liability insurance that association members in 36 states and the District of Columbia can access. …

China Opening Doors to Insurance Contacts

Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the capital, Beijing, the first foreign company …

NAII Urging Iowa to Refrain from More Involvement in Hail-Damage Claims

The National Association of Independent Insurers (NAII) is urging the Iowa Division of Insurance to refrain from issuing new directives on claims involving hail damage to buildings and diminished value of vehicles damaged in accidents. NAII Counsel Ann Weber said …

S&P Lowers United Fire

Standard & Poor’s lowered to “A” its counterparty credit and financial strength ratings on the members of United Fire Group and its affiliate United Life Insurance Co. and changed the companies’ CreditWatch status to developing. S&P also assigned its “BBB+”rating …

NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand

Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever insurance license for China’s capital, Beijing, …