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Insurance

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Fed pulls trigger on rate hike; ‘gradual’ is key word

The Federal Reserve today raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with…
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Kansas City Life shareholders vote to take company private

Shareholders of Kansas City Life Insurance Co. voted Tuesday to approve a reverse/forward stock split transaction, which when completed will reduce its number of shareholders and permit the company to terminate its registration under the …

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Why Wall Street wants higher interest rates

Wall Street will be happy if the Federal Reserve raises interest rates Wednesday as expected, CNNMoney reported.   That’s because the Fed’s delayed actions in the face of a slow recovery from the Great Recession sent…
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Strategists forecast continuing bull market in 2016

A weak ending to 2015 and the expectation of improving profit growth in 2016 will set the stage for a single-digit gain in U.S. stocks next year, according to strategists polled by Reuters.


But even that…
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Arthur J. Gallagher & Co. gets top ranking in J.D. Power study

Commercial insurance broker Arthur J. Gallagher & Co. was the highest-performing broker in the J.D. Power 2015 Large Commercial Insurance Study. According to the study, conducted in association with the Risk Management Society, brokers that outperform their …

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Momentum grows for overturning ‘Cadillac tax’

There is growing momentum in Congress for delaying the Affordable Care Act’s “Cadillac tax” and more evidence that the 40 percent tax on high-cost health insurance plans will hit a sizable number of businesses, the Washington …

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A new stage in innovation

Iowa State University Research Park started in 1987 on the edge of town, not far from Iowa State University but next to cornfields and the Ames airport. 

The 220-acre park — home to companies that …

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Newspaper chain Lee reports fourth-quarter gains in digital revenue, cash flow and earnings per share

Davenport-based publisher Lee Enterprises Inc. reported gains in digital revenues in the quarter ended Sept. 27 to offset a 4.4 percent decline in overall revenues. The company pointed out in a release that the drop …

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Casey’s earnings increased in its second quarter

Casey’s General Stores Inc. reported earnings of $2 per share for its second quarter, which ended Oct. 31, up from $1.28 per share for the same quarter a year ago. Year to date, earnings per …

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Three large health systems sign on to Iowa Medicaid plan

Three of Iowa’s biggest hospital-and-clinic systems have signed contracts to provide care to patients who will be enrolled in new Medicaid managed-care programs, Gov. Terry Branstad’s office announced Thursday. UnityPoint Health, the University of Iowa …