Insurer ACE will pay $1.1 billion to acquire the outstanding common stock of Iowa-based Rain and Hail Insurance Service Inc., the second-largest crop insurance underwriter in the U.S. and Canada. ACE already owns roughly 20 percent of Rain and Hail’s …
Columbus, Ohio-based Motorists Insurance Group has announced changes to its leadership team. The following changes are effective immediately: Grady B. Campbell has been promoted to senior vice president, Marketing Services and Personal Lines, and will report to David L. Kaufman, …
Indiana Insurance, a Liberty Mutual Agency Markets regional company, is expanding its school marketing efforts in Iowa. Indiana Insurance currently insures more than 1,100 public districts, private and charter schools across its nine state Midwestern operating territory. Indiana Insurance tailors …
The U.S. Army Corps of Engineers has released a draft report that calls for a better, if limited, flood-protection system in Cedar Rapids, Iowa. The Cedar River swamped the city in 2008, covering 10 square miles. The city’s existing system …
The Iowa Supreme Court in mid-August affirmed a district court ruling that found a volunteer firefighter must be summoned to duty only through official channels and not by circumstances. The ruling came in a workers’ compensation insurance dispute between two …
Sufficient funds are not available to meet the liabilities of Iowa’s Second Injury Fund, so the state is imposing a $4 million assessment on insurers and self-insured employers in Iowa. Notices were mailed from the Iowa Insurance Division Aug. 16. …
A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person, and $30,000 for a group of …
City officials are trying to salvage some of the homes damaged by flooding in Cedar Rapids, Iowa, in 2008 by offering them to builders and nonprofit groups for free. In exchange, the homes would be renovated and sold at a …
Alabama-based Regions Financial is expanding access to personal lines insurance for its bank customers in Tennessee, Indiana, Illinois, Iowa and Virginia. Customers will be able to purchase homeowners, renters, automobile, recreational vehicles, motorcycles, watercraft and specialty insurance products for personal …
When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his immense compensation package had nothing to do with his firm’s death in 2008. Ken …
