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Insurance

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Insurance division orders 2 out-of-state companies to stop advertising fake health plans

The Iowa Insurance Division recently issued a cease and desist order against two out-of-state entities for deceptive online ads for fake health insurance plans and for doing business in Iowa without an insurance license. The order was …

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Hundreds of Iowans allegedly ripped off in employee-purchase deal

Des Moines Register: Employees of West Des Moines health care company Telligen claim in a lawsuit that they were overcharged for shares in their company in an employee stock ownership plan. The company’s workers paid $37.5 million …

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Insurance commissioner releases association health plan rules

The Iowa Insurance Division has released rules governing multiple employer health plans, association health plans and short-term limited duration plans that were authorized by state and federal legislation within the past year. The new rules, …

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Iowa Index of stocks up slightly in August

Three Iowa-based companies recorded tidy double-digit stock price gains in August, but most of the 22 companies with Iowa headquarters had modest price gains or declines last month. 

Leading the pack was Renewable Energy Group, …

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Insurance accelerator announces featured companies for 2018 InsureTech Week

The Global Insurance Accelerator released the names of 16 featured companies worldwide presenting at the 2018 InsureTech Week, scheduled for Oct. 22-26. Each company will present to the public on Oct. 24, and will be available …

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DHI receives takeover bid from majority shareholder

DHI Group Inc., which has an operations center in Urbandale, acknowledged Thursday that its board has received a takeover bid from its largest shareholder, TCS Capital Management, a New York-based hedge fund. In a letter …

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Hartford to buy Navigators Group for $2.1 billion

Hartford Financial Services Group Inc. has reached a deal to buy insurance underwriter Navigators Group Inc. for $2.1 billion, as the company seeks to expand its specialty lines of business for growth, the Wall Street …

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Notable moment for the bull market

Wednesday marks not just the midpoint of your workweek; it’s also the milestone for the U.S. marking (some argue) the longest bull market on record. We combed through national stories and media and came up …

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IPERS reports nearly 8 percent return in fiscal ’18

The Iowa Public Employees’ Retirement System portfolio returned a 7.97 percent investment gain for the fiscal year ended June 30, IPERS reported. The result exceeded the policy benchmark return by 0.18 percent. The retirement system’s …

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Herbert to lead organizational development for NCMIC

NCMIC Group Inc. announced that Chick Herbert has joined the Clive-based insurer as senior vice president of enterprise organizational development. In this role, Herbert will be responsible for improving organizational performance by developing people and processes. He …