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Insurance

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10 commonly asked questions about the Patient Protection and Affordable Care Act

Will the health reform law require nearly all Americans to have health insurance starting in 2014 or else pay a fine?

Yes. Starting in 2014, most U.S. citizens and legal residents will be required to …

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Iowa Insurance Division gains $230,000 settlement from Allianz

The Iowa Insurance Division is among 44 state insurance regulators that will benefit from a multistate settlement with Allianz Life Insurance Co. that was announced today by the Florida Office of Insurance. The settlement regards suitability issues…
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Isaac may cost insurers $2 billion

Isaac, the storm drenching drenching Arkansas and Louisiana, may cost insurers as much as $2 billion in the U.S., risk-modeling firm AIR Worldwide said.

Bloomberg reports that the industry’s claims costs, including wind and storm-surge …

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Spain capital outflows rise nearly 40 percent in June

Spain saw close to a 40 percent rise in capital outflow in June, Bank of Spain data showed on Friday, as investor confidence in a country struggling to balance its public accounts eroded further.

According …

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BERKO: On Facebook and the Dow

Dear Mr. Berko:

Two months prior to Facebook Inc. going public, I believed I was fortunate to buy 1,000 shares in the “pre-market” arranged by J.P. Morgan at $49.25. In spite of all the months …

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BERKO: Re: The future – It’s safe to take off the shades

Dear Mr. Berko:

My wife and I are 52. Together, we make $83,000 and are very concerned about our ability to retire in 16 years. What’s wrong with this picture? We have a terrible feeling …

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BERKO: U.S. Steel a steal?

Dear Mr. Berko:

In early 2008, you told me not to invest in 50 shares of U.S. Steel when it was trading at $128, but I did, and within several months, it ran to $200. …

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Iowa bank earnings up 37 percent

U.S. commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported aggregate net income of $34.5 billion in the second quarter of 2012, a $5.9 billion (21 percent) improvement in profits …

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Principal, other insurers concerned over proposed banking regulations

 

A recent filing by the Federal Reserve Board brings to light insurance companies’ efforts to preserve state regulation and avoid federal oversight of their activities,National Underwriter reported.

Rules now being considered under provisions of the …

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BERKO: A tale of two dollars

Dear Mr. Berko:

During the past 21 years, my wife and I have owned a successful small business. We worked hard, purchased our trucks and building, reinvested in new equipment, and have 18 employees. We’re …

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