Conroy Named Executive Director

Conroy 2013The Governing Committee of the Iowa FAIR Plan has named Robert D. Conroy, CPCU, CIC to the Executive Director position effective January 7, 2013.

Mr. Conroy is an experienced insurance executive with many years of experience as an insurance professional. His extensive insurance experience includes diverse positions that include agent, broker, sales manager, information technology manager as well as several executive positions in the Home Office of a national insurance carrier.  He has been published in several insurance journals, been a keynote speaker at many industry events, and earned the Chartered Property and Casualty Underwriters (CPCU) designation as well as the Certified Insurance Counselor (CIC) designation.

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Minimum Premium Now $250

Summary: Increase in minimum premium charge for Dwelling Property Program.

Effective March 1, 2012 our minimum premium will increase from $100 to $250 for all Dwelling Property policies for new and renewal policies.

Rate Changes

Summary: Rate change for Dwelling Property Program.

Effective March 1, 2012 our Dwelling Property rates are increasing.  The base rates for a $250 deductible, protection class 1-8, owner-occupied dwelling are increasing by approximately 15%.

Other rating factors-such as deductible credits, protection class 1-8 vs. protection class 9 and 10 relationships, two-family and multi-family occupancy relationships, frame vs. masonry factors will be changing.  Most existing policyholders will see increases between 15% and 20%.

If you use our Producer’s Manual regularly and would like a copy of the new base Dwelling Property rate pages please send us an e-mail, however we recommend that you contact us for a quote.

Minimum Deductible

Effective 1/1/2012 the minimum deductible on Commercial policies is $500. Optional deductibles of  $1,000 and $2,500 remain available.