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Insurance

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Insurance commissioner sues feds over CoOportunity repayments

Iowa Insurance Commissioner Nick Gerhart, in his capacity as liquidator of CoOportunity Health, filed a lawsuit today against the U.S. Department of Health and Human Services and the Centers for Medicare and Medicaid Services in U.S. District…
By BUSINESS RECORD STAFF | May 3, 2016
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Stock watch: Most Iowa stocks gained in April

April was a good month for Iowa stocks as a majority of the companies tracked by the Business Record posted price gains for the month. Just 10 stocks ended the month with a decline in…
By JOE GARDYASZ | May 3, 2016
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A look at the leaders of Iowa’s three Medicaid modernization companies

The Iowa Department of Human Services last August announced the winning bidders for Gov. Terry Branstad’s Medicaid modernization initiative. Here’s a look at the Iowa market leaders for the three companies that were selected. The …
By JOE GARDYASZ | Feb 26, 2016
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Principal authorizes $400 million in stock repurchases

Principal Financial Group Inc. announced that its board of directors has approved an authorization for the repurchase of up to $400 million worth of the company’s outstanding common stock. The repurchases will be made in …
By BPC Staff | Feb 24, 2016
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Principal announces key leadership changes

Principal Financial Group Inc. on Tuesday announced several key leadership changes, among them the retirement of Terry Lillis, executive vice president and chief financial officer. Terry Lillis

Lillis, who has been with the company for …
By BUSINESS RECORD STAFF | Feb 24, 2016
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Deere reports lower earnings on weak farm, construction markets

Deere & Co.’s first-quarter earnings reflected the continuing impact of the downturn in the global farm economy as well as weakness in construction equipment markets, the company said. The Moline, Ill.-based manufacturer reported net income…
By BPC Staff | Feb 19, 2016
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A Closer Look: Lisa M. Smith

In October, Lisa M. Smith was named president and CEO of BDFSC Holding Corp.’s three operating subsidiaries: Broker Dealer Financial Services Corp., Investment Advisors Corp. and Bankers Financial Services LLC. She is also a board …
By JOE GARDYASZ | Feb 19, 2016
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Survey: Majority of employers expect to hit Cadillac tax threshold

Despite already modifying their benefit plans last year, employers expect their health care costs to rise again in 2016, which will require additional changes, according to the Employee Benefits Trend Study released Wednesday by Wells Fargo Insurance. …
By BPC Staff | Feb 18, 2016
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Business Insider: This year’s stock market jitters have some shades of ’08

This has been a jittery year for the markets, with hints of the trouble that preceded the 2008 crash, Business Insider reported. 


The trouble began with circuit-breaker halts in Chinese stock markets and continued with a…
By BPC Staff | Feb 16, 2016
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EMC reports fourth-quarter, annual earnings

EMC Insurance Group Inc. on Friday reported operating income of $13.4 million for the fourth quarter of 2015, compared with operating income of $15.4 million for the previous year’s fourth quarter. For all of 2015, …
By BPC Staff | Feb 15, 2016
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