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Insurance

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Nationwide to outsource up to 200 positions in Des Moines to Cognizant

Nationwide is outsourcing back-office work for its commercial insurance products, a move that will affect up to 500 employees across the country, Columbus Business First reported. Nationwide currently employs 500 people in-house for commercial insurance …

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The Elbert Files: Iowa shares fell 4% to 22%

The stock market collapse one week ago was driven by worldwide medical fears – over which interest rates and government spending have little influence.  

The market plunge was a gut punch for investors everywhere, including …

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Athene, Apollo close on strategic transaction

Athene Holding Ltd., the parent company of annuity and insurance company Athene USA in West Des Moines, announced it has closed on its previously announced strategic transaction with Apollo Global Management Inc. Through the transaction, …

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FGL Holdings’ annuity sales up 16% in 2019

FGL Holdings, the parent company of annuity and life insurer F&G in Des Moines, reported fourth-quarter net income available to common shareholders of $217 million, or $1.02 per share, compared with a year-ago net loss of $156 …

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NOTEBOOK – One Good Read: Yes, the fire was covered, but … Buffet shares rest of the story

The diverse holdings of Berkshire Hathaway Inc. are often seen as one of its strengths, but sometimes the extent of its reach can come back to bite the conglomerate, Chairman Warren Buffett revealed in his …

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Wellmark recognized for Best in Class 401(k)

PlanSponsor magazine, an industry journal for retirement benefits decision-makers, has named Wellmark Blue Cross and Blue Shield to the list of companies receiving its prestigious 2020 Best in Class 401(k) plan designation. PlanSponsor evaluated plans using a …

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Markets take a hit as coronavirus spreads farther

If you’ve consumed any recent news, you know the coronavirus is spreading. And while it’s been creating market uncertainty for some time, it’s now causing the global markets to slump. Near the close of the…
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Corteva declares quarterly dividend

Corteva Inc. announced its board of directors has authorized a common stock dividend of 13 cents per share, payable March 13 to the company’s shareholders of record on March 3. This marks the third consecutive cash …

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United Fire Group reports fourth-quarter loss

Cedar Rapids-based United Fire Group Inc. today reported a consolidated net loss (including investment gains and losses) of $23.2 million, or 93 cents per share, for the fourth quarter ending Dec. 31, compared with a consolidated net …

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Iowa Index rises slightly in January

Nine of 20 Iowa-based companies posted stock price gains for the month of January. Eleven companies posted losses. 

While we normally look at the index a month at a time, it’s important to note that …