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Insurance

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Two leading property casualty trade organizations in merger talks

The American Insurance Association and the Property Casualty Insurers Association of America have engaged in merger talks that would create a new trade association combining both of their memberships, Best’s Insurance News & Analysis reported. “The …

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Winnebago reports 68 percent earnings bump, shares the love

Winnebago Industries Inc. today reported fiscal third-quarter net income of $32.5 million, a nearly 68 percent increase from $19.4 million in the same period last year. Revenues for the latest quarter ended May 26 were …

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Administration finalizes rule expanding access to association health plans

The U.S. Department of Labor today released its final rule as part of the Trump administration’s broader actions to give people more health insurance options, the Washington Examiner reported. Beginning this fall, small businesses and individual workers …

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Athene, Accordia in dispute over California insurance complaints

Athene Holding has responded to a regulatory notice from the California Department of Insurance that has proposed fines and the temporary closure of its subsidiary, Athene Annuity and Life Co., for allegedly failing to meet …

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Medica will keep selling Iowa health insurance next year, competing with Wellmark

Iowans who buy their own health insurance will have at least three choices of carriers next year — after nearly going without any options for 2018, reports the Des Moines Register. Medica, which is the sole …

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Iowa Medicaid director on privatization: ‘Regardless of methodology, there are savings’

Des Moines Register: Iowa’s Medicaid director offered a general explanation today of how his staff estimates taxpayers’ cost savings from having a privately managed Medicaid system, but he didn’t give details on why that estimate abruptly …

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Recovered from West Nile, Menary returns as CEO of Grinnell Mutual

Grinnell Mutual announced the return of Jeff Menary to the company and his formal appointment as president and CEO. In March 2017, Menary had been named as successor to Larry Jansen, who retired in December. However, Menary …

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Casey’s reports lower fourth-quarter earnings

Casey’s General Stores Inc. today reported fiscal fourth-quarter earnings per share of 51 cents, compared with 76 cents for the year-ago quarter. For the full fiscal year, per-share earnings were $8.34 — including the one-time impact of …

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State auditor to review Iowa Medicaid program

Cedar Rapids Gazette: Iowa’s state auditor said she will push forward with a review of the state’s Medicaid system after a Democratic lawmaker requested an audit when savings estimates changed without explanation. In a statement to …

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Athene finishes $19 billion Voya deal

Athene Holding Ltd. has taken responsibility for $19 billion in fixed and indexed annuity liabilities from Voya Financial Inc., ThinkAdvisor reported. Athene says it and an investor group have also bought a stake in Venerable Holding …