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Insurance

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Dana Co. announces leadership succession

The Dana Co., a Des Moines-based independent insurance agency, has named Cory Holland as president and CEO, effective Jan. 1. Dana Ramundt, who founded the agency in 1989, will move from his present role as president and …

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Casey’s earnings dropped in its second quarter

Casey’s General Stores saw its earnings fall in its second quarter as customers bought fewer prepared food items and its expenses grew on the way to opening its 2,000th store, the Corridor Business Journal reported. The …

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Investor index is nearing a 17-year high

Most investors in a Wells Fargo/Gallup survey say they are “somewhat” or “very” optimistic that they will meet their investment goals over the next five years, according to a release.

Investors were upbeat about all …

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IPERS’ unfunded pension liabilities rise to nearly $7 billion

Des Moines Register: The unfunded liability of Iowa’s largest public employees’ pension fund has increased to almost $7 billion amid recent actuarial changes that reflect lowered expectations for future investment gains, according to a report issued Thursday. …

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Lee reports improved fourth quarter

Quad-City Times: Davenport-based media company Lee Enterprises Inc. today reported earnings of $3.5 million for its fourth quarter, or 6 cents per diluted common share, up from $700,000, or 1 cent per diluted common share, …

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State to resume oversight for some Medicaid members

State administrators will resume direct oversight of Medicaid benefits for a portion of the 215,000 Iowans who are being dropped this week by a private management company, The Des Moines Register reported. The Iowa Department of …

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Rate increases drive Iowa small groups to seek creative solutions

On average, small employer groups in Iowa will see their health care premiums rise 15 to 20 percent in 2018, according to an expert with Holmes Murphy & Associates. And the rising costs are driving …

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Global Atlantic among investors in Hartford’s annuity unit


The Hartford Financial Services Group Inc. said it will sell an annuities operation that it has been winding down since 2012 to a group of investors, the Wall Street Journal reported. The Connecticut-based insurer created the unit, Talcott …

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Principal to move stock listing to Nasdaq

Principal Financial Group Inc. announced today that it will move its stock exchange listing to the Nasdaq Global Select Market, effective after market close on Dec. 15. Principal shares will continue to trade under the …

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CF Corp.’s acquisition of Fidelity & Guaranty receives state approval

Iowa Insurance Commissioner Doug Ommen has approved the $1.84 billion acquisition of Des Moines-based Fidelity & Guaranty Life by CF Corp. The acquiring company, based in the Cayman Islands, was formed by two veteran financiers, …