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Insurance

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EMC increasing operating income guidance

EMC Insurance Group Inc. is increasing its 2010 operating income guidance to a range of $2.15 to $2.25 per share from $1.75 to $2 per share, the company announced today.  The revised guidance is based …

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GuideOne names Hengesbaugh to board

GuideOne Mutual Insurance Co. has named Bernard Hengesbaugh, chief operating officer of the American Medical Association, to its board of directors. Hengesbaugh was with CNA Financial Corp. for nearly 24 years and served as chairman …

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Ford not deterred by disappointing quarter

Ford Motor Co.’s earnings rose to $6.6 billion in 2010 from $2.7 billion the prior year, the company’s best annual results in more than a decade, CNNMoney.com reported.

But the automaker’s fourth-quarter operating profit of …

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West Bancorporation reports fourth-quarter results

West Bancorporation Inc. reported a net income available to common shareholders of $2.9 million, or 17 cents per share, for the fourth quarter of 2010, compared with $2.2 million, or 13 cents per share, for …

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Farm Bureau execs to discuss financials

James Brannen, chief financial officer of Farm Bureau Life Insurance Co., and Richard Kypta, the company’s executive vice president, will discuss FBL Financial Group Inc.’s financial results and business strategies at the New York Society …

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Health-care stocks


Dear Mr. Berko:

My $50,000 certificate of deposit came due, and good riddance to it. The rate was 1.2 percent, and though I didn’t lose any principal, I lost money because taxes on the interest …

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Legislation would prevent banks from concentrating loans with corporate groups

Iowa banking superintendent Jim Schipper has introduced legislation that would prevent state-chartered banks from lending to multiple corporate entities controlled by an individual or common group of investors.

    The legislation was first proposed in …

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No margin for error?


How do insurance agents know when they’ve done enough to adequately protect their clients against possible risks?

Because of a recent Iowa Supreme Court decision, agents will now need a “crystal ball” to cover all …

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Judge: AIG affiliates failed to show fired claims adjuster misused nearly $1 million

A federal judge has refused to freeze the financial accounts of a former claims adjuster who is accused of manipulating computer systems of American International Group Inc. (AIG) subsidiaries to issue checks totaling $991,000 to …

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SEC considers upping bar for accredited investors

The Securities and Exchange Commission is proposing a rule stating that the value of an investor’s primary home would not be taken into account when determining whether the individual is an accredited investor, according to …

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