The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …
A recent spate of motorcycle accidents have prompted renewed calls for an Iowa helmet law. The Insurance Institute for Highway Safety reports Iowa, Illinois and New Hampshire are the only states without helmet laws, even to protect their youngest residents. …
The U.S. Department of Labor’s Occupational Safety and Health Administration has ordered the Iowa Interstate Railroad, headquartered in Cedar Rapids, to make amends for censuring a train conductor who was disciplined in reprisal for reporting a workplace injury. OSHA said …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Iowa-based Toyota Motor Insurance Company (TMIC), both with stable outlooks. The ratings reflect the company’s “adequate capitalization and improved operating performance,” …
Hastings Mutual Insurance Co., a 125-year-old regional property/casualty insurance organization headquartered in Hastings, Mich., has added Iowa as its sixth state for writing farm, commercial and personal insurance products exclusively through independent agency partnerships. Vallery Jameson was named territory manager …
Alaska, Hawaii and North Carolina get thumbs up while New Jersey, New York and Florida get thumbs down for their tort liability costs in the latest ranking by a free-market think tank. The states with the worst performance had the …
New research by U.S. Geological Survey scientists is casting doubt on the long-held idea that the New Madrid fault zone in Missouri’s Bootheel unleashed a series of devastating earthquakes in 1811 and 1812. In a new study, the researchers say …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Builders Insurance Group and its three pooled members: Builders Insurance (A Mutual Captive …
The Iowa Insurance Division (IID) has issued summary cease and desist orders against two contractors, directing them to stop acting as public adjusters. The division alleges the firms have been soliciting storm repair business without being properly licensed, in violation …
Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an independent insurance agency located in Orland Park, …
