Iowa News

Tenn.’s Bowles Honored as 2008 Agent of Year by PIA National

Kenneth A. Bowles as been named the 2008 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Bowles was honored for his work on behalf of professional insurance agents, his commitment to the highest …

Ratings: Northwind/Tailwind, Meadowbrook, Hartford, Farm & City, AIG

A.M. Best Co. has removed the under review with negative implications status and assigned a negative outlook to the debt rating of “aaa” on $800 million of floating rate insured notes, due December 1, 2037 issued by Northwind Holdings, LLC, …

Iowa Couple Sentenced to Prison for Burning Foreclosed Home

The Associated Press recently reported that a LeClaire couple will spend up to 10 years in prison for burning down the house they lost in foreclosure and filing a fraudulent insurance claim. Lawrence and Patricia Atwood received their sentences this …

Iowa Man’s Age Discrimination Lawsuit Nears Trial

A Mount Vernon man’s age discrimination lawsuit against Bankers Life and Casualty Co. and his former boss is scheduled to go to trial next month. Doug Smith alleges in his lawsuit filed in October 2005 in U.S. District Court for …

Grange Insurance Adds Board Member Buth, Chairman Billman Retires

Grange Mutual Casualty Company recently announced that its policyholders have elected Douglas Buth to its Board of Directors. Chairman Emeritus Edward Billman also announced his retirement from the Grange Board. Both announcements were made during the company’s annual policyholders’ meeting. …

Lexington Insurance Co. Sues to Recoup Losses in Iowa Mansion Fire

An insurance company that insured a $3 million Bettendorf house destroyed in a fire is suing several businesses to recover its losses. Lexington Insurance Co. blames the fire on the contractors who built the home, the water company that provided …

Ratings: United Fire, USI Holdings, Public Service Mutual, Berkshire Hathaway, Am. Family, Old Republic, Conseco

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of United Fire & Casualty Group and its five P/C members, which operate under a business pooling agreement led …

Continental Western Insurance Announces $18 Million Expansion in Iowa

Continental Western Insurance Co. has announced an $18 million expansion to its suburban Des Moines, Iowa location. Continental Western and its parent company, Connecticut-based W.R. Berkley Corp., are negotiating the purchase of nearby building from Allied-Nationwide Insurance for a National …

Iowa Supreme Court Adds Twist to Medical Malpractice Opinion

The Iowa Supreme Court on Friday sent two medical malpractice lawsuits back to district court after offering a new opinion on how the statute of limitations can be interpreted. The decision, which affects a breast cancer patient and a woman …

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. Baseball/Softball Leagues Nuts & Bolts: Francis L. Dean & Associates of Florida, LLC is offering …