Iowa makes insurance news for largest industry GDP in the US

Insurance news - Iowa highest GDP in US

The state is home to the headquarters of over 180 insurers and is thriving from this sector. Iowa is making unique insurance news this week as the state has been marked as receiving a higher percentage of its Gross Domestic Product (GDP) from that industry and the finance industry than any other state. This, according to a recent announcement from Debi Durham, Iowa Economic Development Authority director. With over 180 insurers headquartered in the state, this has become a critical part of its GDP. Iowa’s primary reputation hasn’t necessarily been…

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How Insurance Can Encourage Farmers to Mitigate Climate Change Risks

The sweeping impacts of climate change impact farmers at significant rates. As a result, insurance companies take a hit as well. For example, when nearly 20 million acres of farmland flooded in the American West, it initiated $4 billion in payouts from a federal crop insurance program. Because of disasters like this, farmers are coming around on the importance of mitigating the impacts of climate change to protect their own livelihoods. Insurance companies can help farmers make beneficial sustainability choices by helping those in the agriculture industry understand their impact…

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Kansas wants to recruit more health insurance providers, as well as others

Iowa stopgap health insurance plan

New Insurance Commissioner aims to recruit insurers to provide better health insurance, and other coverage, options Kansas has a new Insurance Commissioner, and he wants to ensure that consumers have access to a more robust insurance market than they did in the past. Ken Selzer has taken office as the Kansas Insurance Commissioner and he has promised to begin enticing more insurance companies to come to the state. As more insurers come to Kansas, the options that consumers have for coverage will grow. This will also introduce more competition in…

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Accelerator aims to bolster Iowa’s insurance industry

Iowa stopgap health insurance plan

Two companies join Iowa’s Global Insurance Accelerator to help improve state’s insurance ecosystem Grinnell Mutual Reinsurance Company and IMT Insurance Company have become the latest insurers to join the Global Insurance Accelerator, a new insurance startup based in Iowa. The startup was launched in order to help create a stronger ecosystem for insurance companies throughout the state. Iowa is currently home to more than 200 insurers, with more than 54,000 employees working for insurers in central Iowa alone. The accelerator startup may help boost employment and give insurers the tools…

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Consumers may require guidance when it comes to health insurance exchanges

America's health insurance plan

Confusion remains a prevalent problem when it comes to health insurance exchanges The University of Iowa’s Public Policy Center and College of Health have released the results of survey concerning the state’s health insurance exchange. The state’s exchange has become quite popular among consumers looking to find affordable health insurance policies, but the exchange’s website has fallen victim to numerous technical problems that have prevented many from finding the coverage they are interested in. According to the survey, technical problems are only one issue that consumers are facing. Survey shows…

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