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Iowa News

Cattle Loom Large on the Farm & Ranch Scene

Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter …

Cattle Loom Large on the Farm & Ranch Scene

Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter …

Iowa Senate Passes Premium Tax Reduction Bill

The state Senate passed March 27 Senate File 2318, which would cut the premium tax for property/casualty insurers from 2 percent to 1 percent over a four-year period, beginning in 2004. National Association of Independent Insurers (NAII) Counsel Ann Weber …

IIAA Hails Passage of Class Action Reform Measure

Independent agents and brokers believe a class action reform bill approved by the House last week will help return a sense of normalcy to interstate class-status lawsuits and protect the rights of consumers and defendants, according to the Independent Insurance …

S.D. Risk Manager to Lead PRIMA

The Public Risk Management Association (PRIMA) elected Tracy L. Dahl-Webb, a risk manager for the city of Brookings, S. D., as president of the association for 2002-2003. Dahl-Webb will take office in May at PRIMA’s annual convention in San Antonio, …

Utah Legislature Sends Structured Settlement Protection Bill to Gov.

The Utah Legislature has passed a bill aimed at protecting consumers who depend on structured settlements, becoming the first state this year to do so, according to the Alliance of American Insurers. Five other states are considering such legislation this …

Neb. DOI Warns of Fictitious Vehicle Damage Claims

The Nebraska Insurance Fraud Prevention Division of the state’s insurance department announced it was recently notified of an alleged fictitious vehicle damage fraud scheme involving individuals from New Jersey and New York. The scheme allegedly works as follows: A “liability …

A.M. Best Removes Le Mars Mutual Insurance Co. of Iowa from Under Review

A.M. Best Co. has affirmed the “B+” (Very Good) financial strength rating of Le Mars Mutual Insurance Company of Iowa and removed it from under review with developing implications, as both parties have signed an Affiliation Agreement with Donegal Mutual …

NAIC Hosts Conference on International Issues

The National Association of Insurance Commissioners (NAIC) will host the International Issues Conference Feb. 28 and March 1, in Washington, D.C. The seminar is designed to explore recent developments in international insurance regulation and global insurance markets as well as …

S&P Assigns Delta Casualty Co. ‘R’

S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta Casualty was insolvent by more than $1 …