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Insurance

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Grinnell Mutual offering 80 $1,000 college scholarships

Grinnell Mutual announced it is again partnering with its independent agents to continue the Road to Success Scholarship program. Eighty $1,000 scholarships will be awarded to college-bound high school seniors with good driving records throughout …

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Iowa insurers among institutions bulking up on structured debt

A type of investment that performed remarkably well during the Great Recession has become quite popular with institutional investors hunting for yield in a low-rate environment — so much so that it’s sparking increased scrutiny …

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New accelerator BrokerTech hires Jackovin as executive director, announces cohort

BrokerTech Ventures, a new broker-led insurance accelerator launched by Holmes Murphy in Des Moines, announced the hiring of John Jackovin as its new executive director this week. Jackovin most recently managed the Growth and Internal …

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American Equity picks seasoned outsider to succeed Matovina as CEO

The board of directors of American Equity Investment Life Holding Co. has named its next president and CEO to succeed John Matovina, who will retire as CEO on March 1 after 19 years with the …

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Stock Watch 2019

The majority of Iowa’s publicly traded companies gained ground in 2019, as the wider U.S. stock market continued surging higher.  

Thirteen of Iowa’s 20 public companies ended the year with gains in their stock prices, …

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Registration and sponsorships available for Global Insurance Symposium

The Global Insurance Symposium has opened registration and sponsorship opportunities for the 2020 symposium, which will be held April 21-23 in Des Moines. About 700 insurance and technology leaders from around the globe are expected …

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Five insurers approved to offer short-term health plans; more coming

The Iowa Insurance Division has approved five carriers to sell short-term limited duration health plans in 2020, and is working with several other insurers to approve their plans, the agency announced. The plans can provide an affordable …

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D&O, professional liability rates spike in fourth quarter

U.S. commercial property/casualty insurance rates rose 5% on average in the fourth quarter of 2019, up from 4% in the third quarter, reflecting insurers’ intent to continue to increase prices across most lines, Business Insurance reported. The …

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DHS withholds $44 million in payments from privatized Medicaid provider

The Iowa Department of Human Services is withholding $44 million in payments from one of the insurers under Iowa privatized Medicaid program, citing unpaid claims that providers had submitted, the Des Moines Register reported. The amount …

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Iowa AG joins multistate petition seeking Supreme Court review of Obamacare decision

Iowa Attorney General Tom Miller today announced that he has joined a coalition of 20 states and Washington, D.C., in asking the U.S. Supreme Court to review the constitutionality of the Affordable Care Act, also …