Iowa News

Iowa Insurance Division to Contractors: Stop Acting as Public Adjusters

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 …

Mid-America Business Conditions Index at Highest Level in Four Years

The May Business Conditions Index for the Mid-America region advanced for a sixth straight month, pointing to a growing economy in the months ahead, according to the May Business Conditions survey of supply managers in the nine-state region. The index …

Smart Choice Agency Market Program Expands to 6 More States

The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The program is moving into Arizona, Colorado, Nevada, New …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Iowa Supreme Court Rules Property Owners Can Sue State Over Floods

Residents and businesses in a northeast Iowa town can sue the state for flood damage caused by a highway project, the Iowa Supreme Court ruled last Friday. The court overturned district court and appeals court decisions dismissing the lawsuit filed …

New Flood Maps Put More Kansas Residents in Flood Plain

Officials Harvey County, Iowa, say some residents may need to buy flood insurance under new federal maps of the area’s flood plain. Scott Davies, director of the Harvey County Planning and Zoning, says 270 residents of unincorporated areas may be …

Jones to Lead VGM Insurance Upon Spragle’s Retirement

John Spragle has announced his retirement as president of Waterloo, Iowa-based VGM Insurance effective July 1, 2010. Tom Jones is slated to take over as president of the company upon Spragle’s retirement. Jones has expertise and familiarity with the Durable …

Best Affirms EMC Group’s ‘A-‘ Ratings; Revises Outlook to Positive

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of EMC Insurance Companies (EMC) and its seven P/C members, which operate …

Declarations

No Bogus Charges Allowed “Some repair shops have abused consumers by refusing to return a vehicle until the consumer pays bogus charges.” —Iowa Attorney General Tom Miller. A new law took effect May 1 in Iowa aimed at protecting consumers …

Nationwide Insurance to Hire 1,400, Including 600 in Ohio

Nationwide reported first quarter net income of $396 million compared to a net loss of $106 million during the same quarter a year ago. Nationwide Mutual Insurance Co. announced it will fill 1,400 job openings, including about 600 in its …