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Insurance

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Peterson joins American Enterprise to lead preneed sales

Des Moines-based American Enterprise Group Inc. announced that Kenn Peterson has joined the company as vice president for national preneed sales. Peterson will focus on increasing preneed funeral insurance sales for Great Western Insurance Co., which AEG …

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Wells Fargo posts higher profit on cost controls, rise in loans

Reuters: Wells Fargo & Co. reported higher quarterly profit today despite flat revenue as the bank benefited from aggressive cost-cutting. Revenue declined at Wells’ community bank and wholesale bank as net interest income was squeezed by …

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State’s Medicaid expenses to increase 6.5% under new contracts

Iowa’s total Medicaid spending will increase by 8.6% this fiscal year, under new contracts with the state’s two managed care organizations, the Iowa Department of Human Services announced today. The department has signed contracts for fiscal …

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Athena GTX awarded $4.4 million Navy contract for casualty care system

Johnston-based Athena GTX today announced it has secured a major contract with the U.S. Navy, in cooperation with the U.S. Army, for an advanced system it will produce to provide critical care support to wounded…
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Insurance industry employment dips in June

The U.S. insurance industry lost 1,400 jobs in June over May, following five consecutive months of job increases in 2019, according to preliminary figures from the U.S. Labor Department’s Bureau of Labor Statistics, Best’s Insurance …

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Most Iowa stocks gain ground in June

A majority of Iowa-based stocks recorded gains in June, as the Iowa Index of stock prices ticked upward by 7.85% over May. Just five of the 21 Iowa-based companies in the Iowa Index ended June …

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Corteva stock up 2.6% with $1B stock repurchase

Corteva Agriscience’s shares have jumped 2.6 percent after the company on Wednesday announced a $1 billion share repurchase program over the next three years. The company also approved its first dividend, 13 cents per share, since it …

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Former Missouri regulator to lead Iowa’s securities bureau

Iowa Insurance Commissioner Doug Ommen today announced that Andrew Hartnett has been appointed as deputy administrator for securities. In that position, he will lead the Iowa Insurance Division’s Securities and Regulated Industries Bureau. Hartnett, an attorney, has been in …

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Green Plains suspends dividend, redirects cash to technology, stock buybacks

Ethanol and feed producer Green Plains Inc. announced Tuesday that its board of directors has decided to suspend its quarterly cash dividend in order to retain and redirect cash flow to the company’s Project 24 opex equalization …

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Accordia Life reaches settlement in policyholders’ suit

An Illinois federal judge gave an early approval Friday to a settlement, including $2.2 million in attorneys’ fees, that ends litigation over claims that Accordia Life and Annuity Co. unlawfully canceled the no-lapse guarantees in …