Iowa News

Recession Increasing Insurance Fraud

Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? According to Mike McKee, senior special agent for the National Insurance Crime Bureau, it’s too soon for statistics to confirm whether the mortgage meltdown and …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …

Midwest Medical Insurance Promotes Trygg to Assistant VP

Minneapolis, Min.-based medical professional liability insurance company, Midwest Medical Insurance Company (MMIC), has promoted Lori Trygg to assistant vice president of Law and Health Policy. She will continue to serve as associate general counsel and compliance office for the company. …

Missouri Joins Interstate Insurance Product Regulation Compact

Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …

Iowa’s Grinnell Mutual Awards $50K in Scholarships

Grinnell Mutual Reinsurance Company, through its independent agency force, has recently awarded 50 Road to Success scholarships to high school seniors throughout its 10-state writing area including Iowa, Illinois, Indiana, Wisconsin, Ohio, Minnesota, Missouri, North Dakota, Nebraska and South Dakota. …

Wisconsin Regulators Release List of June 2009 Administrative Actions

The Wisconsin Office of the Commissioner of Insurance has published a list of administrative actions for June 2009. The regulators noted that in many of these cases the respondent denied the allegations but consented to the action taken. Any fines …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …

Farmers Insurance Offers Green Homeowners Product in Texas

Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will supplement the comapany’s homeowners insurance by allowing customers to replace destroyed property …

It Figures

$255 Million More than $240 million in federal disaster aid will be used to buyout home and properties in Iowa damaged by record flooding in 2008. The money will be used in areas where Federal Emergency Management Agency funds are …

People

Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company has named new managers in various divisions. Robert (Bob) A. Bachtell is claims manager for State Auto’s Ohio region. Bachtell joined Midwest Security Insurance Company …