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Insurance

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Iowa teens can compete in national ‘financial bee’ April 20-24

The Iowa Insurance Division is inviting students in grades 7-10 to participate in the inaugural EVERFI National Financial Bee, taking place April 20-24. The first of its kind nationwide financial literacy challenge provides an opportunity for students …

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The Elbert Files: Who will cover pandemic claims?

Mandatory deposit insurance was created during the 1930s to protect the savings of U.S. citizens from bank failures. A similar federal backstop protecting small businesses from financial collapse during a pandemic shutdown is needed now.…

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Athene penalized $45 million by regulator for unauthorized pension risk transfers

Athene Holding Ltd. will pay a $45 million penalty to New York state for state insurance law violations related to the pension risk transfer business of subsidiary Athene Annuity & Life Co., Pensions & Annuities magazine …

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SelectQuote to add 100 new positions at West Des Moines office

SelectQuote Insurance Services Inc., an insurance brokerage that provides price comparison consultations by phone, announced that it is hiring for more than 1,000 new insurance sales and support associate positions nationwide this year, including approximately 100 …

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Iowa stocks take a hit in March as COVID-19 settles in

Market volatility continued into March as news of COVID-19 continued to increase. On March 15, the Federal Open Market Committee decided to lower the target range for the federal funds rate to 0-0.25%. The next morning, stock …

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Wellmark to temporarily reimburse at 100% for telehealth services, including mental health

Wellmark Blue Cross and Blue Shield announced late Thursday that it will temporarily reimburse health care providers that provide services through telehealth — including mental health counselors — at the same rate as office visits. …

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Indexed annuity sales reach record $73.2 billion in 2019

Total fourth-quarter sales for U.S. deferred annuity products were $53.3 billion; a decline of 3.3% when compared with the previous quarter, according to Wink’s Sales & Market Report. For the full year, deferred annuity sales were $221.8 …

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FGL’s ‘go-shop period’ ends; acquisition by Fidelity National Financial to proceed

FGL Holdings, the parent company of annuity company F&G in Des Moines, announced the expiration of the 40-day “go-shop period,” and said it will proceed with its previously announced acquisition by Fidelity National Financial Inc. Under the …

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The John Stoddard Cancer Center in Des Moines has opened Empower, a new boutique and salon for cancer patients within the center at 1221 Pleasant St. on the Iowa Methodist Medical Center campus.

The Internal Revenue Service today advised that high-deductible health plans can pay for coronavirus COVID-19-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs …

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Health insurers pledge no cost to patients for coronavirus testing

A number of major health insurers pledged Tuesday to cover coronavirus testing at no cost to patients, but those assurances may not resolve public concerns about testing, Time magazine reported. During a meeting at the White House, …