Iowa News

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$743 Million The latest damage estimate from last summer’s flooding at the University of Iowa – nearly triple the earlier estimate. University officials said it includes all building and content damage and the costs to relocate building complexes for theater …

People

Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services. Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid program in Kansas, she faced …

People

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Iowa Mill Company Suing AIG, ACE Over Flood Insurance Claims

A Cedar Rapids corn milling company is suing a unit of insurance giant AIG and another company, accusing them of acting in bad faith for refusing to pay flood insurance claims. Penford Products Co. is one of many eastern Iowa …

More Iowa Flood-Damaged Homes Face Demolition with FEMA OK

The Federal Emergency Management Agency has given Cedar Rapids approval to proceed with the demolition of about 300 flood-damaged homes. City utilities director Pat Ball says the agreement with FEMA specifies that homes that are demolished still qualify for buyouts …

Iowa’s Sen. Grassley Suggests AIG Execs Consider ‘Japanese’ Suicide

A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their actions. Senator Charles Grassley, the top Republican on the …

Flood Damage at Universty of Iowa Triples to $743 Million

The damage estimate from last summer’s flooding at the University of Iowa has nearly tripled to $743 million. University officials released the new estimate on Friday. It includes all building and content damage and the costs to relocate building complexes …

Deceased Iowa Popcorn Butter Worker Awarded $7.5 Million

A federal jury has awarded $7.5 million to an Iowa man who claimed his lungs were damaged by working with buttery flavoring used to make microwave popcorn. The verdict in favor of 69-year-old Ronald Kuiper came a day after the …

$100 Million Iowa Relief Plan Would Include Buying Flooded Homes

Iowa Democrats have unveiled a $100 million flood relief package and are negotiating how to pay for it. The biggest part of the plan would be $20 million for flood prevention efforts. The plan sets aside $12.5 million to buy …