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Insurance

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Iowa stocks gained 5 percent in November, outpacing market

By and large, shareholders of Iowa companies were rewarded in November.

Stock price gains by a majority of the 22 Iowa-based companies that we track led to a healthy 5.1 percent average increase for the…
By JOE GARDYASZ | Dec 2, 2015
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Zimpleman to retire from Principal on Jan. 4

Principal Financial Group Inc. announced today that Chairman Larry Zimpleman will retire from the company on Jan. 4. He will continue to serve on the board of directors as non-executive chairman.


“In his 44 years…
By BUSINESS RECORD STAFF | Dec 1, 2015
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UnitedHealth CEO defends possible exit from Obamacare insurance exchanges

The CEO of UnitedHealth Group Inc. today defended the company’s possible exit from the Obamacare health insurance exchanges in 2017, citing losses on health plans he said were designed to succeed, Reuters reported.


CEO Stephen…
By BUSINESS RECORD STAFF | Dec 1, 2015
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Profits and sales down, but Deere stock surges as it beats estimates

Deere & Co. shares surged 6 percent in premarket trading today after the company blew past profit and sales estimates for its fiscal fourth quarter, MarketWatch reported. The Moline, Ill.-based company said it had net income of …
By BPC Staff | Nov 25, 2015
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American Equity declares 17th consecutive annual dividend

American Equity Investment Life Holding Co.’s board of directors has declared an annual cash dividend of 22 cents per share to owners of its common stock, a 10 percent increase from the year-ago dividend. The …
By BPC Staff | Nov 20, 2015
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IPERS Checkup

Donna Mueller was appointed CEO of the Iowa Public Employees’ Retirement System by the governor in 2003 and was most recently reconfirmed in March 2012. Prior to joining IPERS, she was the Boston city retirement …
By JOE GARDYASZ | Nov 20, 2015
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Police and fire pension system announces employer rate reduction

The Municipal Fire and Police Retirement System of Iowa announced today a significant reduction in the employer contribution rate effective July 1, 2016, a move that will benefit 49 municipalities across the state. The retirement …
By BPC Staff | Nov 16, 2015
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Strable elected chair of insurance industry trade group

Deanna Strable, president of Principal Life Insurance Inc.’s U.S. insurance solutions, has been elected chair of LL Global Inc., the nonprofit parent of trade associations LIMRA and LOMA, which have a combined membership of more…
By KENT DARR | Nov 13, 2015
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Will equity crowdfunding draw a crowd in Iowa?

Iowa small business startups seeking capital will have a new way to connect with investors beginning in January: through new crowdfunding rules that are now being finalized by state regulators. 

The Iowa Insurance Division is …
By JOE GARDYASZ | Nov 13, 2015
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Fidelity & Guaranty Life to be sold to Chinese insurance company

Beijing-based Anbang Insurance Group Co. Ltd. has reached a definitive merger agreement to buy Fidelity & Guaranty Life for $26.80 per share, according to a release. Reuters valued the deal at nearly $1.6 billion.


Fidelity & Guaranty…
By BUSINESS RECORD STAFF | Nov 9, 2015