Insurance

Wells Fargo & Co. said it will reimburse customers who incurred fees at other banks’ automated teller machines after Wells Fargo’s network of 12,000 ATMs crashed Monday afternoon. A Wells Fargo spokeswoman told the Minneapolis-St. …

Principal Financial Group Inc. reported full-year 2010 operating earnings of $844.8 million, a 15 percent increase from 2009.

Net income available to stockholders was $666.3 million, a 13 percent increase over the prior year.

The …

R-T Specialty LLC said Monday that it is acquiring American E&S Insurance Brokers from Wells Fargo Insurance Services Inc. for undisclosed terms, according to Business Insurance.

R-T Specialty will acquire all operating assets and liabilities, …

Principal Financial Group Inc.’s mutual funds have scored third in the annual Barron’s/Lipper ranking of mutual fund families. Barron’s said Principal did well in mixed equity and world equity. Barron’s also noted that Principal “hasn’t …

Thomson Reuters said today that the value of takeovers worldwide was $351.6 billion in the first few weeks of the year, up 78 percent from the beginning of 2010 and the highest total since more …

Companies that fess up to bad earnings news face fewer shareholder lawsuits later, according to a University of Iowa study. Companies that wait until the last few weeks of a quarter to announce they will …

The Storm Lake-based parent company of MetaBank said today that a $1.5 million goodwill charge cut earnings for the first quarter of fiscal 2011 to $700,000, compared with earnings of $1.2 million in the first …

Warren Buffett’s Berkshire Hathaway Inc. said today that it will buy all of the remaining shares in Wesco Financial Corp. that it does not already own in a deal valued at $547.6 million. If Wesco …

Monte Combe, senior vice president of investments at Aviva USA, has been appointed to the board of directors of the Des Moines chapter of the American Heart Association. Combe, who will help the association carry …

Standard & Poor’s Ratings Services has assigned an “A-” financial strength rating to FBL Financial Group Inc. and its subsidiaries, Farm Bureau Life Insurance Co. and EquiTrust Life Insurance. Standard & Poor’s also assigned a …