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Insurance

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Legislation reintroduced to allow annuities as default option in 401(k) plans

Federal lawmakers have revived a piece of legislation that would add annuities to Americans’ retirement plans, Financial Planning reported. The bill, known as the LIFE (Lifetime Income for Employees) Act, would let companies make annuities the default …

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Wellmark selects Principal as its retirement and income plan provider

Principal Financial Group announced it has been selected by Wellmark as its retirement and income plan provider. Principal will help Wellmark to continue to provide its 1,800 employees in Iowa and South Dakota with tools …

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Judge backs Lee Enterprises rejection of hedge fund nominees

Associated Press: Lee Enterprises’ effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two board nominations from the hedge fund Alden Global Capital. But Alden …

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Young named CFO of F&G

Des Moines-based life and annuity company F&G announced it has appointed Wendy JB Young as chief financial officer. Most recently, Young was chief risk officer for F&G, where she has worked since 2000. “Wendy brings extensive industry experience and …

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12 Iowa advisers named to Forbes Top Women Wealth Advisors

Twelve Iowa women wealth advisers were featured recently among Forbes’ sixth annual Top Women Wealth Advisors on the Best-in-State list for Iowa. Deniz Franke, franchise owner of Franke Miller Group, a private wealth advisory practice of Ameriprise …

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AMA survey: 34% of physicians say prior authorizations harmed patients

Health insurance companies require prior authorization for certain medical procedures, treatments or drugs as a cost-saving measure, but excessive insurer-imposed approval processes can actually increase health costs for employers, according to the American Medical Association. …

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Athene reports record profitability in 2021

Athene Holding Ltd., the Bermuda-based holding company of Athene USA, announced fourth-quarter and full-year financial results today. Fourth-quarter 2021 net income was $1.06 billion, compared with $1.065 billion in the year-ago quarter. Full-year 2021 net income was $3.72 …

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Athene reports record profitability in 2021

Athene Holding Ltd., the Bermuda-based holding company of Athene USA, announced fourth-quarter and full-year financial results today. Fourth-quarter 2021 net income was $1.06 billion, compared with $1.065 billion in the year-ago quarter. Full-year 2021 net income was $3.72 …

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Principal reports strong 2021 results; share price reaches 20-year high

Principal Financial Group on Monday reported fourth-quarter net income of $471.8 million, or $1.76 per share, compared with $472.6 million, or $1.70 per share, for fourth quarter 2020. For the 12 months ending Dec. 31, …

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NOTEBOOK – ONE GOOD READ: Insurance consumer advocacy pioneer Robert Hunter retires from CFA

I occasionally receive releases from the Consumer Federation of America, and this particular one about a retiring director would normally not have sparked much interest. But reading it, I learned a lot about someone whose …

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