Principal to quit selling life insurance products
Des Moines based Principal Financial will exit the retail life insurance market and stop new sales of term and universal life products to consumers. It will still offer variable annuities and new annuity offerings to complement retirement products while plans to divest about 25 billion in reserves over time. The move aims to reduce risk and improve cash flow while reinvesting in growth and maintaining financial strength.
MENTIONED IN THIS ARTICLE
Principal Financial
Des Moines
Teresa Thoensen
Dan Houston
Thoensen
Houston
Wild weather strains North American harvest outlook
Unusual climate patterns push crops toward withering heat and flooding across the United States and Canada. A high pressure system fuels extreme temperatures while a trough brings rain, creating volatility in canola and spring wheat markets as Iowa stands at the drought divide.
MENTIONED IN THIS ARTICLE
North America
United States
Canada
U.S. Pacific Northwest
Central United States
U.S. Plains
Canadian Prairies
Brazil
April Hemmes
Towa
Midwest
mid-South
Iowa
U.S
Dan Hicks
Freese-Notis
Volatility Marked by Dry Spells And Sudden Rains In Iowa
In Western Iowa millions of acres face dry conditions while some areas receive heavy rain and hail. Hemmes reports dry corn with leaves rolled to retain moisture. near Ottumwa Pat Swanson mentions a hailstorm followed by 6.5 inches of rain washing out a gravel road to a 2000 acre farm run with her husband Don. Some fields may yield little.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Ottumwa
Pat Swanson
Don
Swanson
Iowa towns share $2.6 million for downtown revitalization
The Iowa Economic Development Authority awarded 26 communities $100 000 grants each to revitalize downtowns. Recipients include Atkins Belle Plaine Independence Monticello West Liberty and Williamsburg with each town matching state funds. The Community Catalyst program favors smaller cities and emphasizes sustainability and smart growth.
MENTIONED IN THIS ARTICLE
Iowa Economic Development Authority
Atkins
Belle Plaine
Independence
Monticello
West Liberty
Williamsburg
IEDA
Debi Durham
Iowa Finance Authority
Biden readies competition executive order across agencies
The Biden administration plans a government wide executive order next week to require federal agencies to promote competition in sectors they oversee. The move targets industries from technology to pharmaceuticals and airlines and could influence firms like Alphabet Google and Facebook amid long running concerns over market concentration.
MENTIONED IN THIS ARTICLE
Biden
White House
Biden White House
Associated Press
Alphabet
Google
Facebook
Congress
Also Mentioned on This Page
Michaelchevy
Castranova
Hegazette.com
Gazette
Independence, Williamsburg
John
Steppe
Thegazette
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