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A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of B++ of Petroleum Marketers Management Insurance Co. in Urbandale. The outlook for both ratings has …
The outlook for the economy and the financial markets as we made the turn into 2011 was upbeat. The tax cuts had been extended, the economy was growing at its best rate since 2006, and …
Dear Mr. Berko:
You’ve never commented on deflation, which so many people consider evil. What do you think about inflation versus deflation, and which would you prefer?
N.L., Durham, N.C.
Dear N.L.:
There’s not a …
What small business couldn’t use some extra money?
The small business health insurance tax credit can potentially save companies one-third of the amount they pay annually for their employees’ medical coverage – if they qualify …
Des Moines-based EMC Insurance Cos. turns 100 this month, and its employees, agents, shareholders and policyholders have a lot of reasons to celebrate.
EMC ranks among the top 60 insurance organizations in the United States, …
Principal Financial Group Inc. has created a “narrow economic moat” that allows it to score better than most life insurance companies with Morningstar Inc., the Chicago-based investment research firm.
In a March 28 report, Morningstar …
Principal Financial Group Inc. announced today that it will release its first-quarter 2011 financial results after U.S. markets close on May 2.
Principal President and CEO Larry Zimpleman and Senior Vice President and Chief Financial …
The Dodd-Frank Wall Street Reform and Consumer Protection Act may require the federal government to spend almost $1 billion to hire or transfer more than 2,000 employees in the months ahead, Bloomberg reported.
The 11 …
U.S. regulators closed Chicago-based Park National Bank in October 2009 when it owed $345 million to one of the lowest-cost lenders in town: the Federal Reserve’s discount window. Park National had been a constant customer …
Cedar Rapids-based United Fire & Casualty Co. announced Monday that it has completed an acquisition of Mercer Insurance Group Inc.
Under the terms of the merger agreement, Mercer stockholders will receive $28.25 per share in …
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