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Tuesday, July 14, 2020
Des Moines - Nathan Tun, age 25, of Storm Lake, received a deferred judgement in Buena Vista County District Court following an investigation by the Iowa Insurance Division's Fraud Bureau for his part in a scheme in which he made a fraudulent submission to an insurer (Class D felony). “Insurance fraud is not a victimless crime.  We all pay for insurance fraud in the form of higher...
Wednesday, July 8, 2020
The Iowa Financial Fitness Challenge is an event-driven wellness program that provides interactive, effective, unbiased online instruction in personal finance and investing fundamentals. SAN DIEGO, CA, July 8, 2020 –Financial Fitness Group (www.FinancialFitnessGroup.com) and the Iowa Insurance Division announce the extension of their partnership to provide financial education to Iowans...
Tuesday, July 7, 2020
Iowa Insurance Commissioner Doug Ommen announced today that the Iowa Insurance Division (IID) is offering an Iowa Fraud Fighters – Shield Your Savings public education webinar series this month. “Fraudsters target seniors because they know these hardworking Iowans have saved for their retirements and that is where the money is,” said Commissioner Ommen. “Being a victim is not a weakness; these...
Tuesday, June 23, 2020
Des Moines - Trent Matthew Suhr, age 36, of Walnut was charged with one count of Insurance Fraud - Presenting False Information (Class D Felony) and one count of Perjury (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. The charges against Suhr stem from an investigation which began in March 2020. According to criminal complaints filed by the Insurance...
Monday, June 15, 2020
Warns of risks of investment fraud among seniors due to increased isolation during COVID-19 Des Moines — In recognition of World Elder Abuse Awareness Day on June 15, the Iowa Insurance Division reminds Iowans that heightened isolation and loneliness during the COVID-19 pandemic have created a perfect storm for senior financial exploitation. “Social isolation is a leading factor...
Thursday, May 28, 2020
Des Moines - Jessica Ann Marie Hartwig, age 27, of Cedar Rapids, pled guilty this week to Fraudulent Practice in the Second Degree (Class D Felony) and Insurance Fraud - Application Submission (Class D Felony) in Linn County District Court. “Insurance fraud is not a victimless crime.  We all pay for insurance fraud in the form of higher insurance costs,” Iowa Insurance Commissioner Doug...
Monday, May 11, 2020
Des Moines, Iowa – The Iowa Insurance Division today filed an adopted regulation to require annuity agents to act in the best interest of their customers.  Iowa’s annuity standards follow efforts by the National Association of Insurance Commissioners (NAIC) to develop a model Suitability in Annuity Transactions Model Regulation that is harmonized with rulemaking by the U.S. Securities and...
Friday, May 1, 2020
Des Moines, Iowa - Bruce Arthur Hauptman, age 67, formerly of Fairfield, Iowa, was recently sentenced by United States District Judge Stephanie M. Rose to 42 months in federal prison following a joint investigation by the Iowa Insurance Division’s Fraud Bureau and the Federal Bureau of Investigations.  Along with the prison sentence, Hauptman was ordered to serve three years of supervised...
Tuesday, April 21, 2020
Des Moines – The Iowa Insurance Division yesterday ordered 33 Carpenters Construction Inc. and its officers, Austin and Kimberly Nelson of Bettendorf, to cease and desist acting as a public adjuster while unlicensed to do so.  They are also ordered to pay penalties totaling $15,000 in civil penalties. “It’s contrary to public interest to allow unlicensed public adjusters to...
Friday, April 17, 2020
A new challenge, taking place during Financial Literacy Month, equips students with money management skills and encourages remote learning while social distancing  Des Moines – The Iowa Insurance Division today announced that it is sponsoring the EVERFI National Financial Bee, taking place April 20-24, 2020. The National Financial Bee is a first-of-its-kind nationwide financial literacy...