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Insurance

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American Equity, Brookfield extend completion deadline for strategic investment

American Equity Investment Life Holding Co. on Thursday reported that it entered into an amendment to its investment agreement with its strategic partner, Brookfield Asset Management Inc. In its original agreement with Brookfield reached on Oct. 17, …

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Casey’s earnings report shows fuel consumption on the rise

Vehicle fuel consumption in Middle America is on the rise, a sign people are comfortable traveling instead of staying close to home because of the pandemic, an earnings report released this week by an Ankeny-based …

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New UnitedHealthcare policy allows insurer to retroactively deny ER claims

Hospitals and physicians are condemning a new UnitedHealthcare policy under which the insurer may retroactively deny some emergency department claims, Fierce Healthcare reported. Effective July 1 across most states, UnitedHealthcare, the largest U.S. health insurer, may not …

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Wellmark announces plan to enter Medicare Advantage market in 2022

Wellmark Blue Cross and Blue Shield announced Tuesday it will offer new Medicare Advantage plans to Iowans and South Dakotans this fall, pending approval from the Centers for Medicare & Medicaid Services. Its new affiliate, …

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Study: More than $1.35 trillion left unclaimed in forgotten 401(k) accounts

Changing jobs throughout a career is not uncommon, but it has contributed to millions of Americans leaving behind retirement savings in their 401(k) plans, MarketWatch reported. According to a recent study conducted by Capitalize, a company that …

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Iowa Insurance Division seeks contractor for Fraud Fighters program

The Iowa Insurance Division is seeking a contractor to implement the Iowa Fraud Fighter Program at the direction of the division by performing services including branding, advertising, design, public relations, writing, media planning and buying, strategy, video …

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Farm Bureau Property & Casualty completes take-private transaction

Farm Bureau Property & Casualty Insurance Co. on Tuesday announced that it has completed its transaction with FBL Financial Group Inc. that takes the company private. Under the terms of the previously announced agreement, FBPCIC …

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American Equity CFO exits position; CEO Anant Bhalla named interim

American Equity Investment Life Holding Co. announced on Friday that its chief financial officer, Ted Johnson, would no longer be serving as CFO, effective immediately. The West Des Moines-based retirement services company said in a news …

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Survey: One out of three women in insurance left their jobs during pandemic

Nearly a third of the women employed in the U.S. insurance industry left their jobs during the COVID-19 pandemic, Business Insurance reported. According to a report released Monday by technology consulting company Accenture Inc., 32% of the …

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Iowa Insurance Division monitors Transamerica after rise in customer service complaints

Cedar Rapids Gazette: Transamerica Corp., one of Cedar Rapids’ largest employers, is under review by the Iowa Insurance Division for a rash of complaints related to the company’s taking over customer service for Vanguard Annuity in …