Iowa News

Illinois, Iowa Join Indiana in Moratorium on Policy Cancellations

The Illinois and Iowa Insurance Departments have implemented a 60-day moratorium on the cancellation and nonrenewal of insurance policies for people who live in counties affected by the recent storms and flooding. Indiana made its announcement on a moratorium on …

U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid

The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said Wednesday (June 18). President George W. Bush was scheduled to visit …

Insurers Could Be Hit by U.S. Midwest Crop Loss Claims

Insurers who sell coverage compensating farmers in the event of damage to their crops could be hit by claims from severe flooding in parts of the U.S. Midwest, according to an analyst report. While it is too soon to know …

North Dakota Officials Offer Advice to Flooded Iowa Counterparts

Officials in Grand Forks are reaching out to their counterparts in flooded Iowa, offering advice learned from the devastating 1997 Red River flood that swamped their city. “Every disaster is unique, every recovery is unique,” Grand Forks Mayor Mike Brown …

Iowa Legislative Panel to Study Impact of Flooding on Livestock Industry

Iowa lawmakers agreed on June 12 to create a special committee to examine the economic impact of this spring’s flooding on Iowa’s livestock industry. The Legislative Council, a bipartisan group that runs the legislature between sessions, approved a 10-member committee …

Many Homeowners in Flooded Midwest Lack Insurance

Recent flooding that swamped parts of the Midwest, including Indiana, Wisconsin and Iowa, caught many property owners unprotected. Only 1 percent of all Indiana homeowners have flood insurance. Wisconsin reports even less than that. People generally pass on federally backed …

Best Affirms Berkshire Hathaway’s Homestate ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Berkshire Hathaway Homestate Companies and its six P/C group members. These include: Brookwood Insurance Company (Coralville, IA), Cornhusker …

It Figures

$300,000 Owners of pit bulls, Rottweilers and Doberman Pinscher in Kenmare, N.D. won’t have to get rid of them, if they license the dogs and keep them secure. Kenmare City Council members had considered a ban on some dog breeds …

People

Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE Regional Insurance as chief operating officer. He succeeds …

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. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …