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Insurance

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Wellmark to end cost-share waiver for COVID treatment on June 30

Wellmark Blue Cross and Blue Shield, Iowa’s largest health insurer, plans to end the cost share waiver for its fully insured and Medicare supplement members who are undergoing inpatient treatment related to COVID-19 diagnoses, effective …
By BPC Staff | Jun 17, 2021
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Rutledge announces retirement, succession plan for Farmers Mutual Hail

Farmers Mutual Hail Insurance Co. of Iowa announced that Ronald Rutledge (left) will retire from his position as president and CEO effective Dec. 30. Rutledge has led the national farm insurance company since January 2011, and has worked …
By BPC Staff | Jun 16, 2021
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Principal to shut down RobustWealth digital advice subsidiary

Principal Financial Group has made a “strategic business decision” to close down its RobustWealth subsidiary, the digital advice startup company that it acquired in 2018, Digital Insurance journal reported. Principal made the decision after it completed its …
By BPC Staff | Jun 15, 2021
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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, …
By BPC Staff | Jun 11, 2021
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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 …
By BUSINESS RECORD STAFF | Jun 10, 2021
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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 …
By BPC Staff | Jun 9, 2021
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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, …
By BUSINESS RECORD STAFF | Jun 8, 2021
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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 …
By BPC Staff | Jun 7, 2021
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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 …
By BPC Staff | Jun 1, 2021
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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 …
By BPC Staff | May 26, 2021