Des Moines Iowa Insurance Companies – The Equitable Building was built as the headquarters of the Equitable Insurance Company of Iowa. Built in 1924, this 19-story building was the tallest building in Iowa for 49 years. A distinctive feature of Gothic-style buildings, the skylights, with their elongated arched windows, terra cotta decorations and bell-shaped roofs, stand out on the Des Moines skyline. The Iowa Chapter of the American Institute of Architects named the Fair Building one of Iowa’s 50 Most Important Buildings of the 20th Century. The last major retailer to occupy the building since it opened 83 years ago left the building in 2007. Futch Bros. and Block Real Estate purchased the property in 2012 before foreclosure and began renovating the iconic building.
The renovation created 146 rental housing units on the upper floors and 26,000 square meters of commercial space on the first two floors. The building houses the Pot Belly Sandwich Shop, the offices of an engineering company, a cell phone store, and other offices. On the exterior, the stone construction was renovated and cleaned, the entrance hall was restored with original marble walls, stairs and floors, ribbed ceiling and lamps. The interior of the building has been updated with new mechanical, electrical and plumbing systems. Featuring 9-foot ceilings, all condos feature granite countertops, restored original terrazzo floors, and ceiling fans. Community amenities include a fitness room, common room, storage closet, and a large roof deck that is sometimes used for events and concerts. This building also provides direct access to the city center on the second floor.
Des Moines Iowa Insurance Companies
Due to the level of risk involved in rehabilitating the Equitable building, the developer acknowledged that the project would not be feasible without the use of historic tax credits. Due to the deteriorating condition of the building and the required remediation of hazardous materials and fire damage, this project would not have been financially viable without the leverage of upfront equity through state and federal historic tax credits.
Iowa Insurance Division
The renovation of the Equitable building had a significant economic impact on downtown Des Moines. Using historic tax credits allows developers to turn a building that has been underutilized or vacant for nearly a decade into a dynamic place for hundreds of people to live and work. The downtown Des Moines multifamily rental market is in high demand for apartments in renovated buildings. The rooftop is a popular gathering place for residents, and the resurgence of foot traffic around the 600 block of Triq il-Hrub during and after business hours, as a result of the renovation of the Equitable Building and other nearby historic buildings, is a catalyst for small businesses. and other renovations in the neighborhood. Des Moines: Our primary industries include: kicking, making names and selling insurance! A portion of all Raygun sales raise money for the organizations we support. Heather Royal Blue (50% Cotton/50% Polyester) White Screen Print T-Shirt. Shop with free cut and sew clothes. Designed and printed by Union Labor at RAYGUN
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The biggest newsletter in the universe! New polls, jokes, sales… honestly, this is the best newsletter you’ll get. Zavarovalnica EMC will close its reinsurance business at the end of this year, and the company is currently considering management and/or management options. -outside the existing platform.
EMC’s AM Best A re-rating represents approximately $180 million, or approximately 10 percent, of Des Moines, Iowa-based EMC’s total annual premiums.
EMC was founded in 1911 to provide protection for workers in Iowa. Since then, the company has grown into a P&C and life insurance company that provides coverage throughout the United States.
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EMC Re was founded in 1981. Led by President and Chief Operating Officer Mondale Smith since 2020, the platform underwrites property and casualty reinsurance on an excess of loss (XoL) and pro rata basis.
Four-fifths of its written premiums supported domestic customers in 2021, 31 percent of which came from facilities, while 23 percent was for XoL’s multi-line business.
Of the 20 percent of premiums charged in favor of international cedants, half is intended for companies with catastrophic real estate.
As explained by EMC President and CEO Scott Jean, the strategic decision to exit reinsurance will allow the company to focus on core insurance products distributed through independent agents, including commercial property/casualty and bond and life insurance underwritten through branches. EMC. National Life Company.
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EMC Re describes itself in its marketing materials as a marketplace for local, regional, national and international ceding clients, as well as a marketplace that offers US multiline XoL, XoL property at risk and XoL casualty.
“While this was an extremely difficult decision, EMC felt this step was necessary to position the company for the future and achieve its strategic plans and goals,” said Jean.
“This transition affects approximately 65 team members located across the United States who will receive extensive severance and career/placement services,” said Jean.
In total, EMC has approximately 2,200 employees in the United States, more than 1,100 of whom live in Iowa.
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“All affected team members have been informed. “It will be a gradual reduction of the workforce over time, starting on January 3rd and continuing through 2023,” Jean said.
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