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Insurance

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Double-digit premium increases approved for Wellmark, Coventry

Iowa Insurance Commissioner Nick Gerhart has approved health insurance increases requested by three Iowa carriers, including the state’s largest health insurer, Wellmark Blue Cross and Blue Shield, The Des Moines Register reported. Wellmark received approval for rate …
By BPC Staff | Aug 27, 2015
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Agent sentenced for falsifying Kansas policies as Iowans’

A Kansas man who used his Iowa insurance producer license to sell policies to Kansas residents and then passed them off to the insurers as Iowa residents to fraudulently collect commissions has been sentenced to …
By BPC Staff | Aug 25, 2015
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After wild ride Dow finishes down 588 points

After opening the day down 1000 points on China fears, the Dow staged a comeback throughout the day, before ultimately finishing down 588 points, or 3.58 percent.


The 588-point decline was the worst for the…
By BUSINESS RECORD STAFF | Aug 24, 2015
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Dow gains ground after opening down 1,000

Wall Street pared some losses today after the Dow Jones industrial average lost more than a 1,000 points in volatile trading following a steep drop in Chinese shares and a selloff in oil and other…
By BUSINESS RECORD STAFF | Aug 24, 2015
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Home insurers placing more emphasis on credit scores

Homeowners with poor credit pay twice as much for homeowner’s insurance as people with excellent credit in 38 states, according to a new study by the insurance comparison shopping website insuranceQuotes.com. In Iowa, homeowners’ premiums increase an …
By BPC Staff | Aug 24, 2015
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Houston named new Principal Financial Group CEO

The Principal Financial Group’s board of directors has chosen Dan Houston as president and CEO as part of a succession plan that will have Larry Zimpleman continuing to serve as executive chairman of the board.…
By BUSINESS RECORD STAFF | Aug 19, 2015
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2.2 percent hike proposed in workers’ comp rates

Iowa workers’ compensation premiums would increase an average of 2.2 percent in 2016 under a proposed increase filed last week with the Iowa Insurance Division. The filing proposes an overall average increase of 2.7 percent …
By BPC Staff | Aug 17, 2015
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Reuters: Solar energy on fire, except on Wall Street

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like…
By BUSINESS RECORD STAFF | Aug 14, 2015
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Symetra to be acquired by Japanese insurer for $3.8 billion

The Sumitomo Life Insurance Company of Japan said Tuesday it has agreed to acquire Symetra Financial Corp., an American provider of insurance and financial products, for about $3.8 billion, The New York Times reported.


The deal…
By BUSINESS RECORD STAFF | Aug 12, 2015
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Guggenheim Partners to pay $20 million in SEC settlement

The Securities and Exchange Commission today announced that Guggenheim Partners Investment Management LLC has agreed to settle charges that it breached its fiduciary duty by failing to disclose a $50 million loan that one of …
By BPC Staff | Aug 10, 2015