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Allied Insurance Donates $1.5 Million to UI

Allied Insurance, one of the nation's biggest insurance and financial service companies, will donate $1.5 million to support a new faculty position with the UNIVERSITY OF IOWA's business college. The gift from the Des Moines-based company will ultimately endow a chair with the new Institute of Risk and Insurance at the Henry B. Tippie College of Business, university officials announced Tuesday. The gift makes Allied the first corporate donor in the campaign, which hopes to raise $6 million in private money to support the institute.

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