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Insurance

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Financial literacy bee for high school students kicks off April 1

The Iowa Insurance Division is sponsoring the EVERFI Financial Literacy Bee that will take place April 1-15. The nationwide financial literacy challenge for high school students provides an opportunity to learn the importance of saving and budgeting …

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Increased premium tax credits available for ACA health plans effective April 1

The Centers for Medicare & Medicaid Services announced recently that additional federal premium tax credits will be available to individuals buying their own health insurance directly through the Affordable Care Act’s online marketplace, healthcare.gov. The …

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IPERS reports 13.46% investment return for 2020; trust fund grows to $39 billion

The Iowa Public Employees’ Retirement System, the state’s largest public pension system, earned an investment return of 9.62% in the fourth quarter of 2020 and a 13.46% net return for calendar year 2020. Its performance …

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FBL Financial sets April 29 for special shareholder meeting

Shareholders of FBL Financial Group will meet in late April for a special meeting to vote whether to adopt a merger plan that would take the company private. The West Des Moines-based insurance holding company’s …

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Trinity Healthshare agrees to cease health care sharing ministry in Iowa

The Iowa Insurance Division today announced that Trinity Healthshare Inc. has agreed to a consent order that says Trinity will cease operations in Iowa on June 30, following charges filed against Trinity and the Aliera Cos. in July 2020. …

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2020 was a roller-coaster ride for U.S. life and annuity market

The pace of the U.S. life and annuity industry’s emergence from COVID-19 disruption accelerated late in an otherwise challenging 2020, according to a new report from S&P Global Market Intelligence.

Life, annuity, and accident and …

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Marsh & McLennan rebrands, & it’s pretty straightforward

In what the company acknowledges is a small branding change, professional services and insurance firm Marsh & McLennan has dropped the ampersand to become Marsh McLennan, the Insurance Journal reported. The change is meant to emphasize that …

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NOTEBOOK: Jury trial in Wellmark discrimination lawsuit set for March — 2023

Plaintiffs in a racial discrimination lawsuit filed in May 2020 against Wellmark Blue Cross and Blue Shield will have to wait two more years for a jury trial in that case to begin.

The case, …

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A Closer Look: Tim Nelligan

Tim Nelligan joined Continental Western Group as its president in October 2020. Based in Urbandale, Continental Western Group is an operating company of W.R. Berkley Corp., one of the largest commercial insurers in the United …

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Casey’s continues to do well during pandemic

Casey’s General Store Inc., in the third quarter that ended Jan. 31, had diluted earnings per share of $1.04, a 14% increase from 91 cents a year ago, the company reported. In addition, inside same-store …