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Insurance

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Iowa to pay Medicaid insurers additional $33 million

Cedar Rapids Gazette: The state is increasing by $33 million the payments made to three private insurance companies that manage the Medicaid population. Despite the increase, Gov. Terry Branstad said Monday the state still is expected …

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Meredith reports record $400 million in first-quarter revenue

Meredith Corp. today reported record fiscal 2017 first-quarter earnings of 75 cents per share, compared with 24 cents per share in the prior-year period. Total company revenues increased 4 percent to a record $400 million, …

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Survey: High-deductible health plans keep group cost increases lowest in three years

More employees moving into lower-cost medical plans contributed to one of the smallest increases in total health benefit cost per employee in decades, according to results of a new national survey by Mercer.


The average…
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Nationwide to administer city of Des Moines retirement plan

The city of Des Moines has selected Nationwide as its exclusive retirement plan provider. Nationwide will provide consolidated record keeping, marketing and educational services for the plan’s 1,800 participants and $165 million in assets, the …

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Meta Financial profits grow in fourth quarter and fiscal year

MetaBank parent Meta Financial Group Inc. reported profits of $33.2 million for year ended Sept. 30, compared with $18.1 million a year ago, while fourth-quarter net income was $6 million, up from $4.6 million in …

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Marsh & McLennan operating income up 24 percent

Global professional services firm Marsh & McLennan Companies Inc. today reported that consolidated revenue in its third quarter was $3.1 billion, an increase of 1 percent on both a reported and underlying basis compared with …

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Innovators abound during accelerator’s InsurTech Week

A dozen startup technology companies from around the country are getting an opportunity to put their innovative products in front of Midwest insurers this week during the Global Insurance Accelerator’s InsurTech Week.


“This event puts…
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Serious Social Media lands $700,000 investment from two Iowa insurers

Serious Social Media, a maker of social media software for insurers, has received a $700,000 private capital investment from two Global Insurance Accelerator investor companies.


Grinnell Mutual Reinsurance Co. is the lead investor for the…
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Winnebago revenues up 4.9 percent

Winnebago Industries Inc. reported fiscal fourth-quarter revenues of $263.3 million, a 4.9 percent increase from the prior-year period. Net income for the quarter was $13.1 million, or 49 cents per share, an increase of 12 …

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Study: Iowa employer health premium increases moderate under ACA

Employer health insurance rates in Iowa are continuing to rise, but nowhere near the sickening pace of the individual market — and interestingly enough, rate increases for Iowa employers are advancing at a much slower…