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Insurance

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Rural economy expanding at slower pace

An index that measures the economy of rural areas of a 10-state region remained in positive territory in July, but indicators are trending lower.

Dipping to 55.7 this month from 56 in June, the overall …

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‘Classy’ Casey’s looks good for the long haul


Dear Mr. Berko:

While traveling by car, we stopped in Chanute, Kan., for gas and a cold drink at Casey’s General Store. We also bought some fresh pizza, which was heavenly. We stopped at another …

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Variable annuity comes at a cost


Dear Mr. Berko:

Three years ago, I invested $44,000 in a variable annuity that is now worth $36,000. I was making a 10th annual $44,000 deposit at Bank of America from a piece of property …

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Broker’s Copano recommendation gets a thumbs up


Dear Mr. Berko:

My broker recommended that I buy 700 shares of Copano Energy, a master limited partnership dealing in natural gas. Tell me what you think. However, I’m not comfortable taking $15,000 from the …

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GuideOne debuts on Ward’s 50 list


GuideOne Mutual Insurance Co., a West Des Moines-based property and casualty insurer that specializes in providing coverage to churches, has been included for the first time in the Property-Casualty Ward’s 50 list of top-performing insurers. …

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Sammons building new retirement products line


Launching a new financial services business is familiar, fertile ground for Bill Lowe.

Earlier this year, he returned to Greater Des Moines to launch Sammons Retirement Solutions, the newest division of Sammons Financial Group. Lowe …

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HNI Corp. reports income

Muscatine-based HNI Corp. today announced sales of $432.8 million in the second quarter ended July 2. “Overall, top line growth and profitability met our expectations, but operating income was lower year over year due to …

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Wells Fargo fined $85 million by Federal Reserve

Wells Fargo & Co. was assessed $85 million in civil penalties by the Federal Reserve yesterday for steering creditworthy potential borrowers into more costly subprime mortgages, the San Francisco Business Times reported.

The company denied …

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EMC anticipates second-quarter losses due to natural disasters

EMC Insurance Group Inc. said yesterday that the company is set to report a second-quarter operating loss in the range of $1.02 to $1.08 per share, due largely to a record amount of catastrophe losses. …

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Treasury explores plan to help 1 million homeowners avoid foreclosure

One million or more homeowners could avoid foreclosure as part of plan by the U.S. Treasury Department.

Citing housing market executives, Bloomberg reported that the proposal is aimed at promoting modifications of delinquent or defaulted …