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Insurance

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Insurance division launches flood awareness program

The Iowa Insurance Division, in collaboration with the Department of Natural Resources and Homeland Security and Emergency Management, has launched a statewide flood awareness program.

The “Don’t Test the Waters” information program is designed to …

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Aviva reports positive results for 2010

Aviva plc had a 26 percent increase in operating profits to $3.95 billion in 2010, the company announced today. Total sales increased by 4 percent to $73 billion. Net operational capital increased by 70 percent …

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Sorensen named chairman of Principal International

As part of its planned succession process, Principal Financial Group Inc. announced that Norman Sorensen, formerly president of Principal International Inc., has been named chairman of Principal International. Luis Valdes, formerly president of Principal International Latin …

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Big banks preparing for litigation losses

Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. said in annual reports filed in recent days that they could face $6.7 billion in litigation-related losses in coming years beyond the amounts they …

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Legal insurer continues to deliver quality

Des Moines-based ARAG Insurance Co., a provider of legal insurance, has been certified as a Center of Excellence for the fourth consecutive year by Purdue University’s Center for Customer-Driven Quality in conjunction with BenchmarkPortal, a …

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Buffett set to break out the ‘elephant gun’

In his annual letter to shareholders, Warren Buffett said he’s looking for “more major acquisitions” after the economic recovery and the purchase of the Burlington Northern Santa Fe railroad helped increase fourth-quarter profits at his …

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Bonds for the brave


Dear Mr. Berko:

I have a sizable amount of money ($38,000), and I want to gamble with Illinois municipal bonds, which I hear can yield up to 8 percent and more. I know Illinois is …

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A Closer Look: John Egan


Where are you from originally?

My family is from the tri-state area (New York, New Jersey and Connecticut). I grew up in Queens and got my undergraduate degree in accounting from Manhattan College and worked …

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You save, you get a chance to win a prize


Iowa’s banking and credit union industries are at odds over legislation that would allow financial institutions to offer raffle prizes to entice people to open a savings account.

The idea is to encourage savings, not …

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American Equity announces fourth-quarter and year-end results

American Equity Investment Life Holding Co. reported an operating income of $108.9 million, or $1.70 per share, in 2010, an increase of 7 percent from 2009 operating income of $101.8 million.

Net income was $42.9 …