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Insurance

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Lifespace earns ‘A’ on $30 million bond offering


Lifespace Communities Inc., which owns Deerfield Retirement Community in Urbandale, has received an “A” rating from Fitch Ratings Ltd. on a tax-exempt bond offering of more than $30 million, the Urbandale-based not-for-profit company announced last …

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Indexed annuity sales climb 16 percent


Total third-quarter sales of indexed annuities reached $8.7 billion, a 16 percent increase from the year-ago period and an all-time high for the industry, according to AnnuitySpecs.com, a Pleasant Hill-based annuity research firm.

“Although insurance …

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Keating pledges bipartisan approach

Former Oklahoma Gov. Frank Keating pledged Tuesday to take a bipartisan approach as the next head of the American Bankers Association (ABA), Insurance Networking News reported. Keating, who will succeed the ABA’s current president and …

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DeWaay names new company president

DeWaay Financial Network announced today that Matthew Stahr has been named the company’s president.

Stahr comes to DeWaay after serving as the vice president and chief marketing officer for Sammons Securities Co. and serving as …

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Banking rules will drain up to $150 billion from big banks

The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six …

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United Fire & Casualty declares dividend

The board of directors of United Fire & Casualty Co. has declared a regular quarterly dividend on its common stock of 15 cents per share, payable on Jan. 3, 2011, to stockholders of record as …

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CEOs share concerns in roundtable discussion


Insurance executive Steve Crawford realizes his industry needs to do a better job of recruiting and grooming young professionals for future leadership positions.

“I think one of the most significant challenges we face is perpetuation,” …

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Fresh money drives stocks


Dear Mr. Berko:

I have a $207,000 individual retirement account (IRA) with good utility, drug, consumer staple and food stocks, but it hasn’t done much as the market has gone higher. Please tell me why …

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Goodwill impairment hurts income but not capital


A decade of bank acquisitions resulted in a $34.4 million lossfor First American Bank in the quarter that ended Sept. 30.

First American Bank, with headquarters in Fort Dodge and branches in Greater Des Moines, …

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Second Stanbrough firm files for bankruptcy protection

Corporate Woods LLC, a property management company controlled by Daniel Stanbrough, has filed to reorganize its finances under federal bankruptcy law. The company is the second Stanbrough firm to file for protection under Chapter 11 …