Iowa News

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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …

Midwestern States Continue to Receive Federal Disaster Aid

The U.S. Department of Housing and Urban Development is giving monies to several Midwestern states in the aftermath of flooding earlier in the year. Missouri received $11 million to help recover from flooding damage earlier this year. Flooding in May …

Iowa Receives Additional $23 Million in Federal Disaster Aid

Iowa is set to receive another $23 million in federal money to repair flood damaged roads and bridges. The funds are part of $690 million being divvied up among 28 states by the U.S. Department of Transportation for disaster relief. …

Iowa Governor Appoints Consumer Advocate for Insurance

Iowa Gov. Chet Culver has appointed the state’s first consumer advocate for insurance. Angel Robinson will fill a post that only two other states, Florida and West Virginia, have on the books. In a statement released on Oct. 22 Culver …

FEMA Trailers in Iowa Exceed Formaldehyde Levels Considered Safe

A local television station has found high levels of formaldehyde in trailers issued to flood victims by the Federal Emergency Management Agency (FEMA). The agency responded Tuesday by questioning the survey’s methodology and attributing high levels of the carcinogen to …

BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms

Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …

$395 Million Approved for Flood, Tornado Recovery in Iowa

Iowa communities are getting help recovering from a series of natural disasters this year with nearly $395 million in state and federal funding. The money will go to at least 3,200 projects. The biggest chunk of it, about $254 million, …

American International Group Inc. (AIG) elected Edward M. Liddy as chairman and CEO. Liddy, 62, succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that role. Liddy joined the private equity …

Storms’ Toll Takes on Many Forms

The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14. The economic crisis with the failures of Lehman Brothers, then AIG, and other financial …

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …