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Insurance

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March a bear month for majority of Iowa-based stocks

Three of 21 Iowa-based companies posted stock price gains for the month of March. Eighteen posted losses. 

Only one company posted a double-digit percentage gain: NewLink Genetics Corp. at 14.20%. The other two stocks that …
By JOHN RETZLAFF | Apr 5, 2019
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Underfunding, other program challenges led to UnitedHealthcare’s exit, executive says

Cedar Rapids Gazette: A UnitedHealthCare executive on Monday disputed state officials’ version of why the company is pulling out of the state’s Medicaid managed-care program. The loss of millions of dollars due to underfunding of Medicaid …
By BPC Staff | Apr 2, 2019
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Federal judge strikes down rule allowing association health plans

A federal judge on Thursday struck down a Trump administration rule that allows small businesses to band together and set up health insurance plans that skirt requirements of the Affordable Care Act, the New York …
By BUSINESS RECORD STAFF | Mar 29, 2019
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Centene to buy WellCare for $15.3 billion, creating health care giant

New York Times: Centene said today that it had agreed to buy WellCare, a fellow health insurer, for about $15.3 billion in a deal that would to make the combined company one of the biggest managers …
By BPC Staff | Mar 27, 2019
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Iowa Insurance Hall of Fame inductees to be recognized

Five insurance industry leaders will be recognized during the 23rd Annual Insurance Hall of Fame Ceremony to be held April 24 in Altoona. The following inductees will be recognized: W. Kim Austen, retired president, Nationwide; …
By BPC Staff | Mar 25, 2019
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Winnebago net income down 2.2 percent in second quarter

Winnebago Industries Inc. reported an 18 percent decline in operating income for the second quarter, driven primarily by a decrease in RV sales. Operating income was $28.9 million for the quarter, compared with $35.3 million …
By BUSINESS RECORD STAFF | Mar 25, 2019
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Survey: Millennial business owners most likely to offer health savings accounts

Just 1 in 5 business owners fully understands important elements of health savings accounts, according to new research from the Nationwide Retirement Institute, BenefitsPRO magazine reported. Many owners didn’t know, for instance, that employers can contribute to …
By BPC Staff | Mar 21, 2019
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Iowa Insurance Division offers summer internship opportunities

The Iowa Insurance Division is now accepting applications for summer internships. Two internship positions in Des Moines are currently available within the division’s Fraud Bureau and Market Regulation Bureau. As the insurance industry regulator, the …
By BPC Staff | Mar 15, 2019
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Indexed life sales reach new quarterly record

Indexed life insurance sales for the fourth quarter of 2018 reached an all-time high of $617.4 million, according to Wink’s Sales & Market Report. Indexed life sales in the fourth quarter were up 16.8 percent over the …
By BPC Staff | Mar 15, 2019
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Short-term health insurance plans draw federal, state investigations

Three congressional committees launched an investigation Wednesday into a dozen health insurers’ “concerning practices” related to their offerings of short-term, limited-duration insurance health care plans.

The troubling practices include denying coverage and misleading customers, according…
By JOE GARDYASZ | Mar 14, 2019