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Insurance

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Meredith’s retirement fund surpassed $264 million

Meredith Corp.’s employee retirement plan gained $41 million in 2010, an 18.7 percent increase, according to a report filed June 29 with the Securities and Exchange Commission. The Des Moines-based publishing and broadcasting company had …

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Insurers are cashing in on the health-care law already


Dear Mr. Berko:

Health insurance stocks have been making new highs. How can this be, when Obamacare will change how insurance companies do business and how hospitals and doctors bill patients? Though I don’t like …

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Free cellphone service, convoluted gold equations


Dear Mr. Berko:

I took your advice and went to three different dealers to sell some gold trinkets that had been in our jewelry box for at least 20 years. I don’t understand how the …

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J.P. Morgan pays to settle SEC charges

The Securities and Exchange Commission (SEC) today announced it has charged J.P. Morgan Securities LLC with fraudulently rigging at least 93 municipal bond reinvestment transactions in 31 states, generating millions of dollars in ill-gotten gains. …

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401(k) law having mixed results, experts say

A 2006 law designed to boost employees’ retirement savings is having the opposite effect for some people, The Wall Street Journal reported.

Under the law, companies are allowed to automatically enroll workers in their 401(k) …

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Principal Global acquires majority of London company

Principal Global Investors LLC today announced a definitive agreement to acquire a 74 percent stake in Origin Asset Management LLP for approximately $66 million.

Origin is a global equity specialist based in London. The firm, …

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Principal to cooperate with New York regulator

Principal Financial Group Inc. spokeswoman Susan Houser said her company plans to fully cooperate with a request made Tuesday by the New York State Insurance Department regarding queries it received regarding its life insurance death …

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New York presses life insurers on death claims

MetLife Inc. and Prudential Financial Inc., the largest U.S. life insurers, are among the companies ordered by a New York regulator to use current Social Security Administration data to determine when death payments are due, …

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Veridian to open second West Des Moines branch

Waterloo-based Veridian Credit Union announced that it will open a second West Des Moines branch this fall. The new office at 1901 E.P. True Parkway will be the credit union’s sixth in Greater Des Moines. …

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Consumer credit levels could help lift economy

The average U.S. credit score – a predictor of the likelihood consumers would pay off loans –  rose to the highest level in at least four years, Bloomberg reported.

The average score for May was …