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Insurance

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Wellmark YMCA groundbreaking to be held today

A groundbreaking ceremony for the new Wellmark YMCA will be held this afternoon in the former Polk County Convention Center at 501 Grand Ave at 1:30 p.m. The $30 million project was made possible through …

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Berko: Sell Wal-Mart stock? Maybe

Dear Mr. Berko: 

My broker wants me to sell my 2,094 shares of Wal-Mart Stores Inc. and use $8,000 of the money to take what he calls a “businessman’s risk” and buy 2,000 shares of …

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Principal’s Lillis named 2014 CFO of the Year

Terry Lillis, senior vice president and chief financial officer of Principal Financial Group Inc., has been selected by the Business Record as the 2014 winner of the Deloitte CFO of the Year Award.

The award …

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State Farm to sell Canadian businesses

State Farm Mutual Automobile Insurance Co. announced Wednesday it has agreed to sell its Canadian property/casualty, life, mutual fund, loan and living benefits companies to Montreal-based Desjardins Group, Insurance & Technology reported. As part of the …

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Berko: Advice on Bank of America and Proctor & Gamble

Dear Mr. Berko: 

In 2008, you recommended Bank of America Corp.’s 7.25 percent convertible preferred stock at $720 a share. It yielded 10 percent, and you said it was a safe investment. We bought 30 …

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Insurance could be in the future, again, for Two Ruan

Until two years ago, the 14 floors of Two Ruan Center were filled with insurance workers. Then they vacated nearly 240,000 square feet of office space, but left behind workstations, chairs and conference tables.

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Life insurer Symetra to open Des Moines office

First Greater Des Moines had the Southwest Effect with airlines. Now, perhaps it’s seeing the “Fidelity Effect” when it comes to insurers.

Symetra Financial Corp., a life insurer based in Bellevue, Wash., announced Tuesday that it …

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Long-term care insurers’ ‘gender rating’ practices challenged

A nonprofit women’s advocacy group is challenging the legality of “gender rating” of long-term care policies by four major insurance companies. The complaints were filed today by the National Women’s Law Center with the U.S. Department …

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Bergan Paulsen names new managing partner

 

Chris Honkomp, a tax partner with Bergan, Paulsen & Co., has been elected as the new managing partner of the certified public accounting firm. He succeeds Dave Happel, who has served as managing partner …

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Fewer venture capital firms raised more money in fourth quarter

Venture capital firms raised $4.9 billion in the fourth quarter of 2013, bringing their total for the year to $16.6 billion, VentureBeat reported. According to the National Venture Capital Association and Thomson Reuters, the fourth-quarter figure represents …