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Insurance

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Chicago-based life and annuity company Kuvare establishes Des Moines office

Kuvare US Holdings, a Chicago-based annuity and life insurance company with operations in Cedar Rapids, last week opened a Des Moines office and plans to staff the new location with about 50 insurance professionals within …

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Iowa Supreme Court rejects COVID-loss suit

Iowa’s highest court on Friday became the second state supreme court to weigh in on whether businesses can recover losses they suffered due to the COVID-19 pandemic through insurance, Reuters reported. The Iowa Supreme Court ruled that …

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Gaer named president of Recoop Disaster Insurance

Recoop Disaster Insurance in West Des Moines announced it has appointed Steve Gaer as its new president. Gaer joined the insurance startup company this month on a part-time basis while continuing in his current role …

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New insurance reporting standard aims at increasing transparency of climate-related risks

The number of U.S. insurance companies that provide publicly available climate-related-risk reports is expected to jump to nearly 400 this year — compared with 28 last year — under a new reporting standard adopted last week …

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F&G announces promotions within leadership team

Des Moines-based life and annuity company F&G announced several internal promotions of its leadership team. David Martin has been named as F&G’s new chief risk officer, succeeding Wendy Young, who was recently promoted to chief financial officer. …

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ISU economist says Russian invasion could open new commodity markets

Radio Iowa: Iowa farmers could inadvertently find new markets for their commodities because of the Russian invasion of Ukraine. Chad Hart, an agricultural economist with Iowa State University, explains. “If Russia and Ukraine aren’t able to …

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Berkshire Hathaway to buy insurer Alleghany for $11.6 billion

Wall Street Journal: Berkshire Hathaway Inc. today said it agreed to buy insurer Alleghany Corp. for about $11.6 billion, as billionaire Warren Buffett’s investment vehicle puts some of its massive cash pile to work in a …

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Senate banking chair warns about private-equity ties to insurers, questions risks

The chair of the U.S. Senate banking committee this week asked federal and state insurance regulators to gather data on whether the increasing presence of private equity funds in the insurance industry creates risks for …

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Speakers, agenda announced for 2022 Global Insurance Symposium

The Greater Des Moines Partnership has announced the lineup of insurance, technology and government leaders who will headline the 2022 Global Insurance Symposium, to be held in Des Moines on April 19-21. The theme of this …

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American Enterprise names three new board members, releases annual report

Des Moines-based American Enterprise Group Inc. announced the appointment of three industry leaders to the board of American Enterprise Mutual Holding Co., the parent company of AEG. The new board members are Susan Harnett, James …