Midwest News

Kansas Banker Sentenced to Prison for Defrauding Bank, Insurance Company

Prosecutors say a former Kansas banker has been sentenced to prison eight months in prison for a wire fraud scheme that included the theft of funds from Labette Bank and its insurance company subsidiary, as well as filing false tax …

Percent of Indiana Residents Without Health Insurance Declines

A U.S. Census Bureau report has found that Indiana had 373,000 fewer people without health insurance last year than three years earlier. The report released last week said about 8 percent of Indiana residents, or about 530,000 people, lacked medical …

Iowa Workers’ Comp Rate to Drop in 2018; Debate On as to Why

Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers. The National Council on Compensation Insurance announced an 8.7 average premium reduction for Iowa employers …

Ohio Insuretech, Bold Penguin, Appoints Metcalf as Chief Financial Officer

Bold Penguin, a Columbus, Ohio-based insurtech providing an online marketplace for commercial lines property and casualty (P/C) agents, has hired former Ohio Deputy Treasurer Seth Metcalf as the company’s chief financial officer (CFO). Most recently, Metcalf spearheaded several initiatives targeting …

Iowa Judge: ‘Shadow Insurance’ Documents Are Confidential

An Iowa judge has ruled that the details of “shadow insurance” subsidiaries created by several life insurers can remain confidential. Indiana University professor emeritus Joseph Belth sought the documents last year under Iowa’s open records law, saying he believes they …

RLI Hires Fowler as VP, Chief Information Officer

RLI Corp. in Peoria, Ill., has added Bryan Fowler to serve as its new vice president, chief information officer (CIO). Fowler will be responsible for leading RLI’s IT strategy and initiatives to support company business goals. He comes to RLI …

Seeman Holtz Property & Casualty Acquires DernCo Insurance in Wisconsin

Seeman Holtz Property & Casualty Inc. has acquired DernCo Insurance, headquartered in Milwaukee, Wis. Serving both Wisconsin and Colorado for more than 25 years, Rich Dern and his team have been offering a full spectrum of insurance products from numerous …

Cincinnati’s Fifth Third Insurance Agency to Acquire Epic Insurance Solutions

Fifth Third Insurance Agency Inc., an indirect, wholly owned subsidiary of Cincinnati, Ohio-based Fifth Third Bancorp, has agreed to acquire Epic Insurance Solutions Agency LLC, which also recently announced it will acquire Integrity HR Inc. Both transactions are expected to …

Ex-Illinois County Chairman, State Farm Consultant Sentenced in Fraud Case

A former Illinois county board chairman who also previously worked for State Farm Insurance Co. as a consultant has been sentenced to 12 months and a day in federal prison after being convicted of a wire fraud scheme. In November, …

Donaghy Joins Iowa’s Crop Pro Insurance as Director of Data Science

Crop Pro Insurance, a Des Moines, Iowa-based managing general agent (MGA) specializing in crop insurance, has expanded its experienced leadership team with the addition of Brian Donaghy as director of Data Science. Donaghy brings more than 20 years of experience …

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