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Insurance

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Principal reports third-quarter earnings, declares dividend

Principal Financial Group on Thursday reported third-quarter earnings per share of $1.67, which was in line with analysts’ estimates, Street Insider reported. Net income attributable to Principal was $456.3 million, or $1.59 per share. The company reported …

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Everett receives 2018 Tocqueville Society Award

Nora Everett, president of Retirement and Income Solutions and chairman of Principal Funds with Principal Financial Group, has been honored with the 2018 Tocqueville Society Award. The award, United Way of Central Iowa’s highest honor,…
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Faga named CMO at Farmers Mutual Hail Insurance

Farmers Mutual Hail Insurance Company of Iowa has named Patrick Faga, executive vice president of the property and casualty division, as chief marketing officer effective Oct. 1. Faga will oversee sales, marketing and training teams …

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LMC, Wellmark to collaborate on insurance pool for midsized companies

LMC Insurance and Risk Management announced today it has collaborated with Wellmark Blue Cross and Blue Shield to offer a new type of health insurance pool option for small to medium-sized employers in Iowa that …

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Denim Summit announces speaker lineup

More than a dozen speakers are preparing to take the stage at Denim Summit 2018, taking place Oct. 24 and 25 in Des Moines. Hosted by Des Moines-based tech company Denim, the event will bring …

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Telligen says employee stock plan a success, not ESOP fable

Last month there was news of a lawsuit in which a former employee of a West Des Moines organization claims she was deliberately overcharged in an employee stock ownership plan (ESOP) that was established four …

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Transamerica signs $195M settlement over universal life premiums

Corridor Business Journal: Insurer Transamerica will pay $195 million to settle a lawsuit charging that it breached its obligations when it hiked premiums on some of its universal life insurance contracts in 2015 and 2016. Plantiffs …

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Farm Bureau Health Plan to begin enrollment Nov. 1

Farm Bureau Health Plan announced it will start taking applications for individual coverage beginning Nov. 1. The Iowa Legislature earlier this year authorized the Iowa Farm Bureau Federation to offer the health plan benefit to …

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Majority of Iowa Index stocks down in September

Only Casey’s General Stores Inc. recorded a double-digit stock price percentage gain in September, while most of the 22 companies with Iowa headquarters had modest price gains or declines last month. 

Seven Iowa-based companies had …

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ServiceMaster completes spinoff of Frontdoor

ServiceMaster Global Holdings Inc., a leading provider of residential and commercial services, today announced that it successfully completed the spinoff of Frontdoor Inc., the parent company of its American Home Shield business, which is now …