Tag: Insurance

Iowa Stopgap Plan Gets Preliminary Approval

IOWA  --  The federal government is giving preliminary approval to a plan to prevent thousands of Iowans from going uninsured.

The Iowa Insurance Division's stopgap plan is aimed at helping farmers, retirees, and self-employed Iowans who buy their own insurance. Commissioner Doug Ommen says more than 20,000 people in that category face a 100% increase in insurance premiums under the Affordable Care Act.

The stopgap plan would provide subsidies to help lower premium costs.

On Tuesday, the Centers for Medicare and Medicaid Services issued a "letter of completeness" for the proposal triggering a 30-day review period. It could take up to six months before a final decision is made.

Nationwide Sending Dozens of Insurance Adjusters to Texas

DES MOINES, Iowa  --  Insurance experts are predicting Harvey will be one of the costliest ever for the industry.

So far, Nationwide has sent close to 40 insurance adjusters from its Des Moines location to Dallas and San Antonio. However, officials say that number will likely increase. They also say relief workers are struggling to get into Houston due to flood waters.

The insurance giant says it insures a large portion of southeast Texas and is working to help ease customers' concerns. As a result, the company has deployed its catastrophe response unit to help reach more people faster.

“We have a couple of response units. One is a semi-trailer. It comes fully equipped with communication efforts and we'll stage our humanitarian efforts there. People can come there and report a first notice of loss. We'll handle their claims,” says Dick Clinard, a Nationwide spokesperson.

Officials say until flood waters recede, they won't be able to make damage assessments.