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Insurance

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DOL proposed rule would expand ESG investment options for retirement funds

The U.S. Labor Department proposed a rule today that would greatly expand the ways in which retirement and pension plans can invest in ESG products, Bloomberg Law reported. The DOL’s Employee Benefits Security Administration’s proposal would reverse …

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A new value proposition for the ultra-wealthy

A group of seasoned wealth advisory professionals has launched Private Wealth Asset Management LLC, a sophisticated wealth management and financial services firm designed to serve ultra-high-wealth individuals and families in Iowa and Nebraska.

The firm’s …

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Survey: Retirement plan participation by nonprofit workers reaches new high

Despite COVID-19 hitting nonprofit organizations particularly hard last year, nonprofit workers participated in 403(b) retirement plans at the highest level since tracking began in 2008, according to an annual 403(b) Plan Survey from the Plan Sponsor Council …

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American Equity closes on Brookfield Asset Management reinsurance deal

American Equity Investment Life Holding Co. announced that it has closed its previously announced reinsurance transaction with North End Re SPC, a wholly owned subsidiary of Brookfield Asset Management Reinsurance Partners Ltd. Under the terms of the …

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Iowa stocks mixed in September

Seven of the 17 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month of September. One company posted double-digit percentage gains in the month. Ten Iowa-based stocks posted losses, …

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Ohio-based CareSource announces intent to bid on Iowa Medicaid, CHIP

CareSource, a nationally recognized nonprofit managed care organization, has announced its intention to submit a proposal to serve Iowans covered by Medicaid and the Children’s Health Insurance Program. In May, the Iowa Department of Human …

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American Equity partnering with BlackRock, Conning on fixed-income investment management

American Equity Investment Life Holding Co. announced Tuesday it will partner with BlackRock and Conning to manage its core fixed income assets. The move is expected to eliminate fewer than 20 investment positions in Iowa by …

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HNI downgrades profit expectations amid worker, supply shortage

Des Moines Register: Executives at furniture manufacturer HNI Corp. said they couldn’t hire enough workers or get enough supplies at a low enough price this summer, leading the company to earn less money than leaders hoped. …

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Iowa Insurance Hall of Fame to induct four new members Oct. 19

The Iowa Insurance Hall of Fame will induct four distinguished insurance professionals during its annual recognition dinner on Oct. 19 at the Ron Pearson Center in West Des Moines. The annual event, which began in …

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NOTEBOOK: Iowa’s insurance industry rallies to revitalize hall of fame experience

A number of key insurance organizations and leaders in Iowa are stepping up to help revitalize the Iowa Insurance Hall of Fame in an effort to make it the lead organization that celebrates the insurance …