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Insurance

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Improving Boomers’ lifetime income options


As the initial wave of 76 million Baby Boomers reaches its official retirement age of 66 next year, how many will be prepared to start converting a nest egg into a steady stream of income …

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America wants an obesity drug, but not this one


Dear Mr. Berko:

My broker has recommended that I buy 1,500 shares of Vivus, a biopharmaceutical company that has the patent on a new obesity drug that actually works. I know that obesity is responsible …

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Managing your money manager

Dear Mr. Berko:

We have a large sum of money, and as you suggested, we have been interviewing several recommended money managers and taking notes. One of the men we met is with Merrill Lynch/Bank …

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Wellmark unveils new logo, tagline

Wellmark Blue Cross and Blue Shield, Iowa’s largest health insurer, this morning unveiled a new corporate logo and tagline, “Your health, well protected,” which company officials said are aimed at redefining its brand in a …

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NAIC to measure financial impact of modernization

The National Association of Insurance Commissioners (NAIC) announced Thursday it has begun work to measure the financial impact of modernization efforts proposed for life insurance solvency regulation. These efforts would favor principles-based reserves over the …

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Geithner: Banks can use profits to meet capital rules

Treasury Secretary Timothy Geithner said banks will be able to adapt to tougher international safeguards by tapping future profits, rather than curtailing lending and choking off the economic recovery.

Geithner said the international capital standards …

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Report shows high average credit scores in Iowa

Midwest residents on average have stellar credit scores, according to nationwide rankings for metropolitan areas released today by Experian, one of three agencies that track credit scores.

Cedar Rapids came in third among the top …

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Hartford warrants sell for $700 million

Hartford Financial Services Group Inc. stock warrants sold for $13.70 each at a U.S. Treasury Department auction on Tuesday, raising about $700 million for taxpayers, Bloomberg reported. The Treasury demanded warrants from recipients of bailout …

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Bankers Trust to have renovation celebration

The downtown Des Moines Bankers Trust branch, 717 Seventh St., will have a renovation celebration at 11:30 a.m. Wednesday. The celebration will include a Chamber of Commerce ribbon cutting and appetizers provided by downtown restaurants. …

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Health-care reform could boost drug stocks


Dear Mr. Berko:

Our broker of the past 26 years (you and he know each other) had me invest $93,000 in six different pipeline master limited partnerships in early 2009, and you know how well …