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Insurance

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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, …

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More than 14,000 Iowans sign up for Obamacare plans so far, ahead of last year

Cedar Rapids Gazette: More than 14,000 Iowans had signed up for health insurance in the Affordable Care Act marketplace through Nov. 18, according to new government data, exceeding the number who had done so last year …

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Deere’s sales up 23 percent in fourth quarter

Deere & Co. closed out its fiscal year on a strong note with $8.02 billion in worldwide net sales for its fourth quarter, a 23 percent increase from fourth quarter 2016. Net income attributable to …

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Fidelity & Guaranty’s buyer to list on NYSE

CF Corp., which in May announced plans to merge with Des Moines-based Fidelity & Guaranty Life, said Monday that it intends to transfer its stock listing from the Nasdaq Capital Market to the New York Stock Exchange …

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How much of your money can you spend in retirement?

How much of your money can you spend in retirement Four percent. That seems to be the long-held rule of thumb for how much of your money you can spend each year once you retire. …

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College Savings Iowa’s trust fund nears $5 billion in assets

Iowans who are putting money away for their kids’ college educations got a pretty nice bump in their investment returns this past year through the state’s 529 plan. Market gains helped add a net increase …

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Cedar Rapids insurer’s earnings take hit from hurricane season

Corridor Business Journal: United Fire Group reported a net loss of $17.9 million, or 72 cents per diluted share, in its third quarter as it struggled under the weight of hurricane catastrophe losses and more severe …

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Aegon earnings rise on stronger revenues

Corridor Business Journal: Insurer Aegon, the Netherlands-based parent company of Transamerica in Cedar Rapids, reported earnings up 30 percent in the third quarter, thanks to favorable claims, higher revenues and lower expenses in the U.S.…

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Holmes Murphy, Bearence named Best Places to Work in Insurance

Holmes Murphy & Associates has again been recognized by Business Insurance magazine as one of the Best Places to Work in Insurance. The West Des Moines-based insurance and benefits broker was ranked eighth among 16 …

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Hub International to acquire Wells Fargo’s crop insurance brokerage

Hub International Ltd., a leading global insurance brokerage based in Chicago, announced today that it has signed a purchase agreement to acquire the assets of Wells Fargo Insurance Inc.’s crop insurance broker business. Terms of …

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