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Insurance

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Dreams Tour to stop in Des Moines

The Principal Financial Dreams Tour will stop at Principal Park on Thursday. The event travels to 17 minor league ballparks this season, featuring interactive games and displays aimed at helping people learn about the “Four …

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Allstate posts net loss due to storm claims

Allstate Corp., the second-largest U.S. home and auto insurer, posted its first quarterly loss in more than two years as tornadoes led to a surge in claims costs, Bloomberg reported.

The second-quarter net loss of …

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Consumer sentiment low as debt ceiling talks continue

Concern over stagnant wages and rising unemployment has pushed consumer sentiment in the United States to its lowest point in more than two years, Moneynews.com reported.

The Thomson Reuters/University of Michigan’s final reading on the …

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Bank agrees to pay fine related to lending in flood areas

Polk County Bank of Johnston has agreed to pay an $18,095 civil penalty for violating provisions of federal flood protection laws and banking regulations. The Federal Deposit Insurance Corp. said in a document made public …

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Veridian will offer special loan services if debt talks fail

Veridian Credit Union will offer interest-free loans to members who face a delay in receiving federal payments, such as Social Security, in the event Congress does not increase the debt ceiling. The amount of the …

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West Bancorporation reports second-quarter income

West Bancorporation Inc., the parent company of West Bank, today reported second-quarter net income of $3.9 million, a 51 percent increase from the company’s second-quarter 2010 net income of $2.6 million. On July 27, the …

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Ah, Glass-Steagall Act, we miss you so much


Dear Mr. Berko:

I was listening to a TV journalist interview several prominent economists and fund managers, all of whom indicated that one of the causes of our financial crisis was the Glass-Steagall Act. I …

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Ohio National is swell; its prospectus, swollen


Dear Mr. Berko:

My broker wants me to buy a $100,000 Ohio National variable annuity. What do you think of the company? I do not understand the withdrawal benefits or the cost and reasons for …

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Borrowing from Peter to pay Peter


Dear Mr. Berko:

About five years ago, you guest lectured to an economics class in Columbus with a fascinating explanation of why the rich must become richer to guarantee economic activity. I lost my notes, …

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Heiden to retire from Wells Fargo Home Mortgage

Wells Fargo & Co. announced Tuesday that Mike Heid will lead its West Des Moines-based home mortgage division as the result of the announced retirement of Cara Heiden. The two held the position of co-president …