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Insurance

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Opus closes loan for Des Moines facility

Opus Development Corp. announced today the closing of two loans with TCF Bank totaling more than $32 million.

One of the loans, worth $11.5 million, will fund a project for a 300,000-square-foot industrial facility for …

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ARAG announces hiring, promotion

ARAG announced today that Dennis Healy has been hired as vice president of group sales, and Mark Hennessey has been promoted to chief operating officer.

Healy is a 20-year veteran of the insurance industry.

Hennessey …

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Health insurance premiums up an average 10.1 percent

Health insurance premiums in Iowa increased an average of 10.1 percent from 2010 to 2011, according to the 2011 Iowa Employer Benefits Study conducted annually by employee benefits consulting firm David P. Lind & Associates …

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Wells Fargo to buy hedge fund administrator

Wells Fargo & Co. said yesterday that it will acquire Cargill Inc.’s LaCrosse Global Fund Services for an undisclosed sum. The move will allow Wells Fargo to expand its offerings to the hedge fund community …

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BERKO: Strip mall problems should make investors very wary


Dear Mr. Berko:

I’ve enclosed some information from a private-placement limited partnership that will own and manage a portfolio of strip-mall shopping centers. According to my broker, this investment will pay 7.2 percent, most of …

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BERKO: Buy gold without a gold-plated markup


Dear Mr. Berko:

You’ve written several cautionary articles about selling gold, but nothing about buying gold. I’m considering investing $35,000 in gold coins or bullion and would appreciate your opinion of Goldline International, which is …

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BERKO:Goldman Sachs funds are nothing special


Dear Mr. Berko:

We have a large family trust (there are six of us), and we’re seeking tax-free income. A local adviser whom we may employ speaks highly of the Goldman Sachs High-Yield Municipal Fund. …

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State debit card law interferes with federal law, judge rules

Federal banking law trumps a state law that provides for the processing of debit card transactions and electronic fund transfers, according to a ruling Tuesday in a case brought by an arm of U.S. Bank. …

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FBL executives to speak at New York conference

FBL Financial Group Inc. CEO Jim Hohmann and Chief Financial Officer Jim Brannan will speak at the Keefe, Bruyette & Woods Insurance Conference in New York City on Sept. 8. They are scheduled to speak …

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Lawsuit: Bank of America misrepresented quality of mortgage pool

Bank of America Corp. was sued by the trustee of a $1.75 billion mortgage pool, in an action that seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in …

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