Insurance

EMC Insurance Group Inc. reported a net loss of $12.48 million for the second quarter.

That compares with net income of $3.3 million for the same period a year ago. Net loss for the first …

MetaBank has been recognized as a top performer by the Independent Community Bankers of America (ICBA).

MetaBank was named to the “ICBA 400” list, based on 2010 year-end earnings. The ICBA recognizes top performers across …

U.S. stocks continued their steep decline this afternoon, with all three major stock indexes down between 3 and 4 percent, CNNMoney reported.

Experts say the downgrade by itself shouldn’t matter — that it was expected …

SmartyPig has added a free location-based rewards application for iPhone and Android  users. The applications allows users to find cash-back rewards by category and location with map-based browsing and see real-time balance details, transaction history …

Though a lower credit rating should increase the United States’ borrowing costs, yields on U.S. Treasuries dropped today, the first day investors could react to Standard & Poor’s downgrade of U.S. debt, CNNMoney reported.
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The insurer American International Group Inc. (AIG) is suing Bank of America Corp. to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by …

Wells Fargo & Co. is ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them, according to a lawsuit in federal court in California, Bloomberg …

Warren Buffett’s Berkshire Hathaway Inc. has bid $3.25 billion in an unsolicited offer for Transatlantic Holdings Inc., seeking to break up a deal the target company had reached with another insurer, Bloomberg reported. Transatlantic has …

FBL Financial Group Inc. on Thursday reported net income of $37.5 million for the second quarter of 2011, or $1.20 per diluted common share, compared with $22.3 million, or $0.73 per diluted common share, for …