AABP EP Awards 728x90

Insurance

14380

BERKO: TIPS and gold

Dear Mr. Berko:

I asked my broker about a good inflation hedge, and he pushed us to invest $25,000 in American Century Global Gold Fund. My wife and I are very concerned about inflation when …

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Nationwide security questioned after cybertheft

The California Department of Insurance (CDI) said yesterday that it will conduct a review of Nationwide Mutual Insurance’s cybersecurity measures following a database breach that resulted in the theft of information from a million policyholders …

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Thrivent switches from bank to credit union charter

Thrivent Financial for Lutherans has converted its bank to a credit union with the creation of Thrivent Federal Credit Union. Thrivent FCU will have approximately $500 million in assets, making it one of the largest …

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Schapiro to step down as head of SEC

U.S. Securities and Exchange Commission (SEC) Chairman Mary Schapiro is stepping down Dec. 14 after almost four years as head of the nation’s regulator, MarketWatch reported.

Schapiro, who was appointed on Jan. 20, 2009, presided …

14359

BERKO: A bloody tale of short selling

Dear Mr. Berko:

Can you please explain, in simple English, what a short sale is, how it works and how it’s possible to make money? My broker tried to explain this to me, but he’s …

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Aviva PLC names Wilson CEO

Aviva PLC, parent company of West Des Moines-based Aviva USA, on Tuesday announced it has named a new CEO, Bloomberg reported. Mark Wilson, 46, a former CEO of AIA Group Ltd., will lead the London-based insurance …

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Miller: Servicers provided more than $19 million in relief to Iowa borrowers

The nation’s five largest mortgage servicers reported providing more than $19 million in direct relief to Iowa homeowners since March as part of the $25 billion national mortgage settlement announced in February, Iowa Attorney General …

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Report outlines national mortgage settlement

Five U.S. banks have provided about $22 billion in mortgage relief to customers under a deal to settle borrowers’ accusations over foreclosures, a report by the settlement’s monitor said on Monday.

According to Reuters, the …

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Foster Group receives financial services award

Foster Group Inc., an independent fee-only financial services firm, has received the 2012 Best-In-Business IMPACT Award, part of a Charles Schwab & Co. Inc. awards program to recognize excellence in the business of independent financial …

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Judge approves DeWaay settlement

Decatur County Judge John Lloyd has given preliminary approval to a $3 million settlement of two class-action lawsuits against Donald DeWaay and his recenlty shuttered broker-dealer in Clive. Lloyd also issued a preliminary ruling that …