Insurance

HealthLeaders-InterStudy, a provider of managed-care market intelligence, reported today that some health insurers in Illinois, Iowa, Kansas and Missouri will have trouble meeting minimum medical loss ratio (MLR) requirements.

The MLR refers to the portion …

A Manhattan federal judge has dismissed three shareholder lawsuits accusing Wachovia Corp. and its former executives of lying about the bank’s exposure to risky mortgage loans, which caused its near collapse, Reuters reported.

Wachovia agreed …

Wells Fargo & Co., the biggest U.S. home lender, on Tuesday agreed to pay $11.2 million to settle regulatory claims that Wachovia Capital Markets improperly sold two collateralized debt obligations (CDOs) tied to home mortgages, …

Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming they fraudulently sold coverage to 119 church members, Investment News reported.

The suit, which …

West Bancorporation Inc., parent company of West Bank, will report its results for the first quarter on April 28. The company will discuss its results in a conference call scheduled for 2 p.m. on April …

The U.S. Small Business Association has recognized First American Bank, which has six locations in Greater Des Moines, as a top lender for the fiscal year that ended Sept. 30, 2010. First American approved 22 …

Banking customers are loyal until their financial institution raises fees on checking accounts, according to an online survey by the National Foundation for Credit Counseling (NFCC).

The survey, conducted in March, found that 51 percent …

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. (ICE) made a hostile bid of about $11.3 billion for NYSE Euronext Inc. this morning, trying to snatch the owner of the New York Stock Exchange away from …

Money Smart Week officially began this morning at a kickoff event this morning at the Federal Reserve Bank of Chicago’s West Des Moines office. Nearly 140 Iowa Money Smart Week partners will offer more than …

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