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Iowa News and Information
NAMIC chairman-elect selects ‘Make a Difference’ as his chairman’s theme
As most people can attest, life doesn’t always lead us down the paths we expect. NAMIC’s incoming chairman, Bruce Thomas, general manager and CEO of Heartland Mutual Insurance Association in Algona, Iowa, knows that as well as anyone. But even then, you take with you what you learn and use it to your advantage. (Posted: 10/31/2008)
For the second year in a row the vehicles most likely to collide with a deer are in West Virginia. Using its deer claims data from the last half of 2007 and the first half of 2008 and motor vehicle registration counts by state from the Federal Highway Administration, State Farm estimates the chances of a West Virginia vehicle colliding with a deer during the next 12 months at 1 in 45. (Posted: 10/9/2008)
Iowa: Insurance Division Announces New Rebating Bulletin, Conducts Hearing on Model Audit Rule
NAMIC’s trade association partner, the Iowa Insurance Institute, reports that the Iowa Insurance Division published Bulletin 08-15 on Sept. 20 dealing with rebating. The III also stated that the division conducted a hearing that same day on its proposed version of the NAIC’s Sarbanes-Oxley-based Model Audit Rule. (Posted: 10/7/2008)
Bruce D. Thomas Begins Term as 2008 - 2009 NAMIC Chairman
PHILADELPHIA (Oct. 1, 2008) – Bruce D. Thomas was elected 2008-2009 chairman of the board of the National Association of Mutual Insurance Companies (NAMIC) here today, during NAMIC’s Annual Convention. Thomas is the president/CEO of Heartland Mutual Insurance Company in Algona, Iowa, where he began working as a claims adjuster in 1980. (Posted: 10/1/2008)
New Study Suggests Putting Off Driver Licensure to Save Lives
Most U.S. states allow driving at age 16, 16-and-a-half, or somewhere in between. A new Insurance Institute for Highway Safety report focuses on the costs in terms of lives of allowing licensure sooner rather than later. (Posted: 9/9/2008)
NAMIC’s trade association partner, the Missouri Insurance Coalition, informs us of the recent Saunders et al. v. Farmers Insurance Exchange (07-1894) decision by the U.S. 8th Circuit Court of Appeals interpreting the federal McCarran-Ferguson Act. (Posted: 9/9/2008)
Iowa: Insurance Division Rescinds Broad Anti-rebating Bulletin, Issues New Bulletin
NAMIC’s trade association partner, the Iowa Insurance Institute, reports that the Iowa Insurance Division rescinded Bulletin 08-11, which had interpreted the state’s anti-rebating law to forbid the providing to customers of goods or services not specifically provided for in the policy, including those not before seen as rebates. (Posted: 8/26/2008)
Last week, Sen. Tom Harkin, D-Iowa, announced he would co-sponsor S-2040 to increase the small property/casualty insurance company investment income election. Harkin’s decision was a direct result of his meeting with participants of NAMIC's Congressional Contact Program. (Posted: 7/29/2008)
Iowa Bulletin Prohibits All Rebates
NAMIC has learned from its state trade association partner, the Iowa Insurance Institute, that the Iowa Insurance Division has issued Bulletin 08-11, which bans any possible rebate to a policyholder. (Posted: 7/1/2008)
2008 SUMMARY OF NEW STATE LAWS - IOWA
(Posted: 6/4/2008)
Report: 33 Million Licensed Americans May be Unfit for Roads (5/28/2008)
Iowa: Governor Signs Omnibus Insurance Bill; Commissioner Announces Start of Implementation Process (4/29/2008)
2008 State-by-state Rankings Released of the Best and Worst Tort Systems in America (3/12/2008)
Report: States Better Prepared for Emergencies (2/21/2008)
Report: Most States Earn Average Grades in Highway Safety (2/20/2008)
Dem. Presidential Candidates Speak at Iowa Farm Forum (11/16/2007)
Report: Deer-Vehicle Collisions and Damage Costs Increase (10/24/2007)
Pharmacist Turned Insurer (10/16/2007)
NAMIC Service Awards Presented (9/19/2007)
Three NAMIC Member Companies Celebrate a Century of Service (9/17/2007)
2007 SUMMARY OF NEW STATE LAWS - IOWA (6/1/2007)
Plenty of Political Intrigue Brewing in 2007 State Election Races (5/21/2007)
Road Rage Survey Reveals Best, Worst Cities (5/16/2007)
Report: Emerging Risks Impeding Business Development; Leaders Lack Understanding of Real Risks (5/15/2007)
Car Thieves Take the Bait (5/2/2007)
Iowa: Tough, Tense Session for Insurance Industry (5/1/2007)
Chamber Study Ranks Best, Worst Lawsuit Climates; Delaware Tops List (4/26/2007)
Climate Models Suggest Warming-Induced Wind Shear Changes Could Impact Hurricane Development, Intensity (4/18/2007)
New Report Shows Increased Flood Risk from Global Warming Despite Billions Spent on Flood-Control Projects (4/16/2007)
Private Market is Best Mechanism to Address Coastal Insurance Issues, NAMIC CEO Tells Congress (4/11/2007)
NAMIC: Benjamin Franklin Public Policy Award Recipients Named (4/10/2007)
NAMIC Presents Benjamin Franklin Public Policy Award to Members of the 109th Congress (4/5/2007)
‘Very Active’ Hurricane Season Predicted; Global Warming Effect on Hurricanes Debunked (4/4/2007)
Hurricane Threat Looms for U.S. Energy Production and Gulf Coast in 2007 (3/28/2007)
NAMIC’s World-class Advocacy Program Kicks Off 22nd Year (3/23/2007)
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