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Insurance

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Kirby named deputy insurance commissioner

Iowa Insurance Commissioner Doug Ommen announced that Jared Kirby has been appointed as deputy insurance commissioner for Market Regulation. In that position, he will lead the Iowa Insurance Division’s Market Regulation, Fraud, Consumer Advocacy Office and Enforcement …

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Study: Health benefits costs to grow 4% in ’20

Health benefit costs will grow by nearly 4% in 2020, according to early results from the Mercer National Survey of Employer-Sponsored Health Plans.

The 1,511 U.S. employers responding reported the health benefits cost per employee is …

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Holmes Murphy acquires Cayman-based Global Captive Management

Holmes Murphy, one of the nation’s largest employee-owned and controlled insurance brokerages, announced today it has expanded its footprint into the international space by recently acquiring Global Captive Management Ltd., which is based in the Cayman Islands. …

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Holmes Murphy to launch broker-led insurance accelerator in Des Moines

Waukee-based insurance brokerage Holmes Murphy announced today it will launch a technology accelerator program specifically targeted to the needs of insurance agencies and brokerages nationally. 

Holmes Murphy is partnering initially with five insurance brokerages — …

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Bening named chair of national insurance group

Raymond Bening, president of Bening Financial Organization Inc. of Des Moines, has been named chairman of the board of directors of the Association for Advanced Life Underwriting, a national industry group. Bening has served on …

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State approves two short-term health insurance vendors

The Iowa Insurance Division has approved the sale of short-term limited-duration health insurance policies up to 364 days to Golden Rule Insurance Co. and United States Fire Insurance Co. Golden Rule’s product is renewable for …

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EMC purchase of public shares gains support of proxy advisory firms

EMC Insurance Group Inc.’s proposal to take the company private now has the backing of two independent proxy advisory firms, the Des Moines-based insurer announced. Last week, a leading independent proxy advisory firm, Glass Lewis & …

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Casey’s tops earnings predictions by 12.7%

Casey’s General Stores posted first-quarter earnings of $2.31 per share, 12.68% above the Zacks consensus estimate, Yahoo Finance reported. That marked the fourth straight quarter the convenience store chain topped earnings estimates. Earnings for the same quarter …

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NOTEBOOK: East Village coincidence spurs a ‘This Is Iowa’ moment

I heard about an unscripted “This Is Iowa” story when I interviewed Chris Blunt, the new CEO of insurance company F&G, for an upcoming Closer Look profile. 

When Blunt was looking for a place for …

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Meredith reports fourth-quarter loss driven by Time Inc. costs

Meredith Corp. reported fourth-quarter revenue of $786 million, compared with $799 million in the year-ago period. The company recorded a loss from continuing operations for the quarter of $4 million, or 51 cents per share, …