Insurance

Tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011, Reuters reported.

Insurers could experience as much as $10 billion in weather-related losses in the United …

Dave Wingert has been named chief financial officer, vice president of the finance division and treasurer at Grinnell Mutual Reinsurance Co. in Grinnell.

Wingert most recently served as the senior vice president and controller at …

(NOTE: Updated at 2:25 p.m. with comments from Allied spokeswoman Elizabeth Giannetti.)

Allied Property and Casualty Insurance Co. has been assessed a civil penalty of $50,000 by the Iowa Insurance Division for overcharging policyholders who …

Wells Fargo & Co. is concentrating on controlling expenses, including the cost of bad mortgages, CEO John Stumpf said today at an investors conference in London.

The bank “continued to focus on corporate-wide expense reductions,” …

Ames National Corp. directors have approved a plan to buy up to 100,000 shares, or about 1 percent, of the bank holding company’s outstanding common stock in the next 12 months. The buyback will be …

FBL Financial Group Inc. declared a quarterly cash dividend of 6.25 cents per share for owners of Class A and Class B common stock. The dividend will be payable on June 30 to shareholders of …