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Insurance

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Principal executives named to national boards

Deanna Strable, an executive with Principal Financial Group Inc., has been elected to the board of directors of LL Global Inc., the not-for-profit parent of insurance and financial services organizations LIMRA and LOMA.

Strable, senior …

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EMC reports strong third-quarter results

EMC Insurance Group Inc. on Tuesday reported its best third-quarter results in six years, driven by “improved pricing and more normal catastrophe losses,” EMC President and CEO Bruce Kelley said in a release.

The company …

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American Equity operating income down

American Equity Investment Holding Co. reported third-quarter operating income of $22.2 million, or 34 cents per share, compared to third quarter 2011 operating income of $41.5 million, or 67 cents per share. Operating income for …

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Wells Fargo Insurance names new regional leadership

Wells Fargo Insurance has named a new leadership team for its Midwest region, the company announced Monday. Among the appointments affecting its Iowa operations, Amy Wildung will serve as employee benefits practice co-leader for an …

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Pension security found in that old house

As the housing market recovers from the worst bust since the Great Depression, neophyte investors are following the lead of private-equity firms by investing in properties they can pick up cheaply, rent and sell when …

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Income rises at United Fire Group

Cedar Rapids-based United Fire Group Inc. reported net income of 34 cents per share for the third quarter of this year, compared with a net loss per share of 19 cents for the same quarter …

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Survey finds that banks are ready to boost salaries

Bank Director, an organization that provides a range of information to the financial sector, opened an annual banking conference today in Chicago with news that bankers can expect a pay hike. According to its survey, …

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FBL reports decrease in net income

FBL Financial Group Inc. reported net income for the third quarter of $20.5 million, or 76 cents per share, a decrease from net income of $27.1 million, or 86 cents per share, in the third …

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Annuities hit their stride

When the Standard & Poor’s 500 index suffered one of its worst periods of decline in 2008-2009, people who owned certain indexed annuities had to feel a little smug.

During the same two-year stretch when …

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BERKO: Utilities for growth and safety

Dear Mr. Berko:

I have a $14,000 certificate of deposit that just came due. Now I’d like to make at least 4 percent income with safety and some growth. So I’m looking at a utility …

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