Monday, January 4, 2016
Top Investor Threats for Iowans to Watch Out For Investors Urged to Approach Unsolicited Offers with Caution      January 4, 2016 –– The Iowa Insurance Division today released its annual list of top investor threats and urged investors to use caution when approached with unsolicited investments, especially those involving promissory notes, oil and gas deals and real...
Thursday, December 10, 2015
Fraud Victims Should Double-Check Third-Party Asset Recovery Firms Firms May Offer Fraud Victims Little More Than False Hope for a Fee December 10, 2015 –– The Iowa Insurance Division today issued an advisory recommending victims of investment fraud to use caution when approached by companies promising to help them recover their money or bring the perpetrator to justice – for...
Monday, October 26, 2015
October 26, 2015 – In 2015, both chambers of the Iowa General Assembly passed legislation addressing certain disclosures and the availability and transparency of health insurance plan information.  Ultimately, the language was vetoed as duplicative and unnecessary because federal and state laws require health insurance carriers to extensively disclose details about their health plans....
Friday, September 25, 2015
September 25, 2015 – Iowa Insurance Commissioner Nick Gerhart announced today that he has now reached settlements with three Florida men and three related companies requiring the payment of $35,000 toward consumer restitution and $17,500 to the state’s Insurance Enforcement Fund.   The Iowa Insurance Division filed this enforcement action against 4 individuals and 5 different...
Friday, September 18, 2015
September 18, 2015 – Iowa Insurance Commissioner Nick Gerhart announced that Iowans can begin previewing sample premium amounts for individual ACA-compliant health insurance plans for each of Iowa’s seven rating areas.  These premium amounts, cleared for release by the Centers for Medicare and Medicaid Services (CMS), will become official once posted on www.healthcare.gov during...
Thursday, September 17, 2015
Jim Mumford, 78, died from injuries sustained while working in his Iowa home. In 2005, Jim became the first deputy insurance commissioner in the Iowa Insurance Division. He served in the insurance industry for 50 years (1965 to 2015) and was a member of various NAIC committees. Jim tirelessly worked to improved NAIC regulations on annuity suitability.   Our thoughts and prayers are with...
Tuesday, September 1, 2015
Sufficient funds are not available to meet the liabilities of the Second Injury Fund. Therefore, an assessment will be imposed upon insurers and self-insured employers in the State of Iowa.  The assessment is $10M.  Notices were e-mailed from this office on September 1, 2015.  The assessment amount is due by October 1, 2015.