Iowa News

United Fire & Casualty Reports Income Decline in Q1 2009

Cedar Rapids, Iowa-based United Fire & Casualty Company reported net income for the first quarter of 2009 was $3.3 million or 12 cents per diluted share, down from a net income of $20.1 million or 74 cents per diluted share …

Watchdog Group Ranks Best, Worst States in Disciplining Doctors

Most states, including California and Florida, are failing to adequately discipline doctors who are practicing substandard medicine, according to the latest annual ranking of state medical boards by the watchdog group Public Citizen. For the first time since Public Citizen …

Insurance Company Offers Reward of $35K After Oklahoma Fire

A reward of $35,000 is being offered for information about the fire that destroyed 70 homes in Midwest City in eastern Oklahoma County two weeks ago. GuideOne Insurance and the Midwest City Police Department announced the reward for information leading …

Agnew to Be Inducted Into Iowa Insurance Hall of Fame

Dan F. Agnew, president and CEO of Iowa-based Grinnell Mutual Reinsurance Company, will be inducted into the Iowa Insurance Hall of Fame on May 21, 2009. The induction ceremony will take place at the Olmsted Center on the Drake University …

It Figures

480 Nationwide Mutual Insurance Co., based in Columbus, Ohio, on April 3, 2009, laid off 480 employees and contractors across the country, the latest round of job cuts from the insurance giant, a spokesman said. Nationwide has eliminated about 3,000 …

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. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Agents Can Help Fight Insurance Fraud

Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto consumers, they should …

New York Governor to Reintroduce Gay Marriage Bill

New York Gov. David Paterson is making another push to legalize gay marriage in New York, tapping into the momentum of other states that have recently allowed same-sex couples to wed, but the measure will face stiff opposition in the …

Measure in Iowa House Requires Registration for Disabled Housing

Responding to as situation in Atalissa, Iowa, where 21 mentally disabled Texas men lived in a dilapidated house while they worked at a nearby turkey processing plant operated by Texas-based Henry’s Turkey Service, an Iowa House committee has approved a …

Recession Increasing Insurance Fraud

Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it’s too soon for statistics to confirm whether recent events like the mortgage …