Iowa News

ND, SD Auto Insurance Premiums Among Lowest

North Dakota Insurance Commissioner Adam Hamm says auto insurance premiums paid by drivers in the Dakotas remain among the lowest in the nation. Hamm cites a new report issued by the National Association of Insurance Commissioners. He says in 2008, …

Iowa to Allow Broad Public Access to Wellmark Rate Increase Hearing

Iowa’s Insurance Commissioner Susan Voss announced that she has made arrangements for unprecedented access to a Jan. 6, 2011, hearing that will be held at the Iowa Insurance Division, 330 Maple Street, Des Moines, Iowa. The topic of the hearing …

Judge Orders Ex-Owners of Iowa Kosher Plant to Pay $2M

A federal judge has ordered members of the family that owned a kosher slaughterhouse in Iowa to pay more than $2 million after defaulting on financial agreements with one of their former banks, which has since collapsed. U.S. District Judge …

Study: Tort Reform May Not Curb Defensive Medicine or Fear of Suits

Physicians’ fears of being sued for malpractice are out of proportion to their actual risk of being sued, according to a recent study. The study by a University of Iowa researcher and colleagues also suggests that tort reform legislation aimed …

Madison Ranked Safest Metropolitan Area to Live

Madison, Wis., is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) according to the seventh annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. Olympia, Wash., is the most …

Coalition Calls for $60M for Iowa Flood Prevention

A coalition of lawmakers, local officials, farmers and business people are calling on Iowa to invest $60 million to prevent flood damage and improve water quality in Iowa’s Cedar River Basin. The Cedar River Watershed Coalition released a list of …

Deaths, Injuries Among Midwest Grain Workers Hit Record

Accidents in grain silos, storage bins and other facilities killed and injured a record number of workers through October this year, a study by Purdue University showed. The study showed 46 deaths and/or injuries so far in 2010, exceeding the …

Best Affirms Aviva USA, Subsidiaries Ratings; Outlook Revised to Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity Company (ALAC) and its wholly owned subsidiary, Aviva Life and Annuity Company of New …

Report: Flood of Problems Led to Iowa’s Lake Delhi Dam Breach

Several problems, including design flaws, likely led to the breach of an eastern Iowa dam last summer that decimated a nine-mile long lake, a panel of independent engineers said. The findings identified design and construction issues, areas where water likely …

Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …