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Iowa Insurance (IA)

In 2001 there were 1.96 million ordinary life insurance policies in force with a total value of $116.9 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $175.9 billion. Death benefits paid that year totaled $508.9 million. In 2003, Iowa had 33 life and health and 59 property and casualty insurance companies. In 2001, property and casualty insurers wrote premiums totaling $3.3 billion. That year, there were 10,101 flood insurance policies in force in the state, with a total value of $873,469. The commissioner of insurance, appointed by the governor, supervises all insurance business transacted in the state.