Live Insurance News

Insurance news in Iowa reveals struggles as state takes over co-op

December 29, 2014December 27, 2014 G. Turner

CoOportunity Health was established under the Affordable Care Act, but it has found itself in financial calamity. A young health insurer in Iowa, CoOportunity Health, which was established under the Affordable Care Act, is now making insurance news as it has been taken over by the state due to considerable financial struggles. The health insurance division of the state has now had to step in as a result of the co-op’s money woes. The insurance news had originally appeared promising for CoOportunity Health, as it had been established as an…

Insurance marketing warning issued by state of Iowa

September 23, 2014September 20, 2014 H. Cutner

An official agency has now released a statement cautioning consumers of potentially deceptive ads. The Iowa Insurance Division has now released a warning to the residents of the state, cautioning them that certain insurance marketing and ads for annuities may have potentially deceptive messages. The agency has been watching a growing number of marketers that work with the industry using misleading ads. The insurance marketing strategies used by those firms are becoming misleading on an increasing basis, said the agency in a bulletin, in the attempt to try to boost…

Ride sharing service in Iowa comes with potential insurance problems

August 5, 2014August 2, 2014 Julie Campbell

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Commissioner Nick Gerhart has cautioned drivers that signing up for these programs could negate their coverage. The Iowa insurance commissioner, Nick Gerhart, has released a statement of caution to drivers in the state who are considering participating in ride sharing services, such as Uber, as signing up to give people drives under this type of program could nullify their auto policies. While the Uber service has not yet made its way into Des Moines, the company has been looking at the city. That said, the commissioner spoke in advance of…

Insurance agency under investigation for overbilling thousands of policyholders

April 21, 2014April 19, 2014 Julie Campbell

State officials are now looking into the Iowa business that may have overcharged 10,500 government employees. An insurance agency in Iowa has found itself in hot water after having been accused of overbilling an estimated 10,500 government employees for their health policies. It is believed that the overcharged workers paid a total of millions of dollars too much. The Two Rivers Insurance Co. is now being investigated by the Iowa Insurance Division (I.I.D.). The insurance agency has office locations in West Des Moines, Davenport, Burlington, and a number of other…

Health insurance plans will be offered by six insurers in Iowa

July 4, 2013July 2, 2013 G. Turner

Half a dozen providers have already applied to be able to offer their plans on the state’s exchange. Although six health insurance companies have already applied to be able to sell their policies on the Iowa exchange, having made their submissions to do so by the deadline last Sunday. However, the largest insurer in the state was not among those who opted to participate in the marketplace. The largest health insurance company in Iowa, Wellmark Blue Cross/Blue Shield, currently has about 2 million policyholders in that state and South Dakota.…

Health insurance deadline missed by Iowa

November 2, 2012April 30, 2013

Key date was not met by the state in order to comply with the new federal healthcare law. A key deadline for the states to meet in order to comply with the new federal healthcare laws has come and gone and Iowa’s commissioner has now issued a letter explaining that they will not be able to meet this health insurance exchange planning date. Governor Terry Branstad’s insurance commissioner has confirmed the deadline has been missed. The Patient Protection and Affordable Care Act gave the states until September 30 in order…

Tornadoes in Oklahoma and Kansas claim lives and cause damage to property

April 17, 2012May 27, 2012 S.Vagus

Damages from recent tornadoes that ripped through Oklahoma and Kansas. Powerful tornadoes tore through the states of Kansas and Oklahoma over the weekend, causing significant damage to businesses and homes as well as claiming lives. The National Weather Service claims that the weather system responsible for the disasters created more tornadoes in one day than either Kansas or Oklahoma would normally see in the month of April. Insurers have been working in cities affected by the tornadoes, hoping to mitigate any further damage and to process claims quickly to help…