Friday, January 19, 2018
Des Moines – Iowa Insurance Commissioner Doug Ommen yesterday was named the Chair of the National Association of Insurance Commissioners’ (NAIC) Life Insurance and Annuities (A) Committee. “Insurance is the purchase of a promise.  When Iowans purchase an insurance or annuity product, to protect themselves from risk or simply invest their hard earned cash, we are here to make sure that...
Thursday, January 4, 2018
Des Moines – As cryptocurrencies continue to attract headlines, the Iowa Insurance Division is reminding Iowans to be cautious about investments involving cryptocurrencies. “As with any investment, it’s important for investors to really understand what they are purchasing.  Investors should go beyond the headlines and hype to understand the risks associated with investments in...
Tuesday, December 12, 2017
Des Moines – The Iowa Insurance Division is warning consumers that companies may be offering health insurance policies that are fraudulently marketed or solicited by telemarketers as ACA-compliant plans.  Iowa Insurance Commissioner Doug Ommen encourages any Iowans interested in purchasing individual health insurance coverage to talk to a local licensed insurance agent or visit healthcare....
Friday, December 1, 2017
Iowa Insurance Division finds agent compensation was not fully disclosed to public entities. The Iowa Insurance Division issued consent orders with Mutual Med Insurance Services, LLC (Mutual Med), Todd C. Vershaw of Long Grove, Iowa, and Kevin J. Carr of Burlington, Iowa that will return $165,000 to 33 public entities in Iowa.  The investigation centered on public entities that have...
Tuesday, November 21, 2017
Des Moines, Iowa -- A Plymouth county man has been charged for his alleged role in committing fraud against Homesite Insurance Company following an insurance fraud investigation by the Iowa Insurance Division, the National Insurance Crime Bureau, and the Plymouth County Attorney’s Office. Scott D. Leininger, age 39, of Le Mars, was charged with Insurance Fraud - Presenting False Information...
Thursday, November 16, 2017
Des Moines, Iowa - Cletus Abongwa Ngwa, 34, of Ottumwa, Iowa, was sentenced in United States District Court in Des Moines, Iowa on September 15, 2017, to an 18-month prison sentence with 3 years’ supervised release and ordered to pay joint restitution in the amount of $260,043 after pleading guilty to conspiracy to commit mail fraud. Ngwa, along with his co-conspirator Venancia Amora Rodriguez...
Wednesday, November 15, 2017
Des Moines – The Iowa Insurance Division’s Senior Health Insurance Information Program (SHIIP) is reminding Iowans of the Medicare Open Enrollment period which is currently underway and ends December 7. “It’s important for Iowans eligible for Medicare to carefully review their options each year,” Iowa Insurance Commissioner Doug Ommen said.  “There is still time during this open...
Monday, November 6, 2017
Des Moines, Iowa -- Two Northeast Iowa men have been charged for their alleged participation to commit fraud against Grinnell Mutual Reinsurance Company following an insurance fraud investigation by the Iowa Insurance Division and the Delaware County Attorney’s Office. Richard H. Hartman, age 69, of Manchester was charged with Insurance Fraud - Presenting False Information, a class “...
Monday, October 30, 2017
           Des Moines – The Iowa Insurance Division is encouraging Iowans to contact a licensed insurance agent as open enrollment approaches and many Iowans are struggling to deal with rising premiums in the individual health insurance market.            “Given the many changes in Iowa’s insurance market this year, it is...
Friday, October 27, 2017
Des Moines – The Iowa Insurance Division and the Office of the Iowa Attorney General will be presenting the Iowa Fraud Fighters Program at the Sampson Room at Fuller Hall Recreation Center on Thursday, November 9, 2017.  “We are pleased to bring our important fraud-prevention message to Webster City,” Deputy Commissioner Craig Goettsch said.  “We hope this presentation will help...