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Insurance

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Kelley to retire in March from EMC; Jean named successor

Bruce Kelley (top photo), president and treasurer of EMC Insurance Cos., has informed the company’s board that he plans to retire in March after a 35-year career with the Des Moines-based property/casualty insurer. 

As part …

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Tata Consultancy to lay off fewer than 40 Cedar Rapids-area employees

Cedar Rapids Gazette: Tata Consultancy Services plans to lay off approximately 40 employees in and around the Cedar Rapids area. In an email to TCS employees, the company said “a number of positions that support the …

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EMC receives innovation award from Silicon Valley’s Plug and Play

EMC Insurance Cos. received the Insurtech Corporate Innovation Award from Plug and Play during its Winter Summit held Tuesday in Silicon Valley. Plug and Play is a global innovation platform that connects startups and corporations. The Des …

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MetLife enters pet insurance market with acquisition of PetFirst

Global insurer MetLife has agreed to acquire PetFirst Healthcare, an Indiana-based pet insurance program administrator, Insurance Journal reported. PetFirst currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels and employers. MetLife said the acquisition …

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Hub International acquires Silverstone Group, forms regional hub in Omaha

Chicago-based insurance brokerage group Hub International Ltd. has acquired SilverStone Group in Omaha, which will form the base of a new regional platform covering the Great Plains, Business Insurance reported. SilverStone has additional offices in Council Bluffs, …

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Delta Dental expands DeltaVision plans to individuals, family members

Delta Dental of Iowa announced that it has extended enrollment in its vision plan, DeltaVision, to individuals and families beginning with the 2020 plan year. The comprehensive vision care insurance plan has been offered to …

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Deere reports lower fourth-quarter net income; sales up 5% for 2019

Deere & Co. reported net income of $722 million for its fourth quarter ended Nov. 3, or $2.27 per share, compared with $785 million, or $2.42 per share, for the same quarter a year ago. For fiscal 2019, …

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Corporate pension buyouts surge in third quarter

U.S. corporate pension plan buyout sales totaled $7.7 billion in the third quarter, Pensions & Investments reported. A LIMRA Secure Retirement Institute sales survey found the amount of buyouts was up 22% from the third quarter of …

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Health premium tax pits small business against low-income Iowans

Iowa small business leaders are urging Congress to further suspend a health insurance premium tax that would otherwise cost many families an average $412 in higher premiums in 2020. The premium tax credits program is a federal …

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Holmes Murphy launches company focused on workplace culture

Insurance brokerage Holmes Murphy announced it has launched a new company, EthOs. The company will focus on improving workplace culture, engagement with multigenerational staff and addressing all aspects of an employee’s total well-being. EthOs is …

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