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Insurance

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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 …

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NOTEBOOK – ONE GOOD READ: Five years of managed care in Iowa: State says Medicaid has stabilized, but patients disagree

Years after privatization, there’s still a deep divide in Iowa when it comes to the state’s Medicaid program, the Cedar Rapids Gazette reports. Five years ago, Iowa turned the state-run program private. The leaders of the program …

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F&G’s financial institutions channel surpasses $1B in sales in less than a year

F&G, a leading provider of annuities and life insurance based in Des Moines, announced that the company has surpassed $1 billion in sales in its financial institutions channel, less than one year after launching that sales …

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United Fire Group reports first-quarter earnings

Cedar Rapids-based United Fire Group Inc. reported consolidated net income, including net realized investment gains and changes in the fair value of equity securities, of $18.7 million, or 74 cents per share, for the quarter ended March …

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Centivo partners with MercyOne to offer coverage option for self-funded employers

Centivo, a new virtual accountable care organization health plan targeting self-funded employers, announced it will enter the Iowa market through a partnership with MercyOne health system. The health plans, which will be available for self-funded employers with a …

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D.M.’s Abel is likely to be Warren Buffett’s successor at Berkshire Hathaway

New York Times: For years, perhaps the biggest question that Warren Buffett has faced is who is in line to replace him as chief executive of Berkshire Hathaway, the conglomerate he built into a $631 billion …

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FBL Financial swings into the black following year-ago net loss

FBL Financial Group Inc. on Monday reported first-quarter net income of $27.7 million, or $1.13 per diluted common share, compared with a net loss of $2.5 million, or 10 cents per diluted common share, for the …

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Lawsuit ‘pierces corporate veil’ of John Krohn’s investment companies

Spotlight Innovation, a startup pharmaceutical technology investment firm controlled by two Iowa businessmen — along with several other enterprises launched by the partners over the past several years — is part of a “mere sham” …