Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Wal-Mart Settles a Nearly $5.1 Million Insurance Lawsuit in Okla.
Dec 7 2006 // Wal-Mart has settled a nearly $5.1 million class-action lawsuit brought by the estates of 73 former employees in Oklahoma. A federal judge in Tulsa gave final approval Dec. 4 to the settlement, which calls for about a...
Verizon Wireless, Insurers Fined for Violations in Washington
Nov 15 2006 // Washington Insurance Commissioner Mike Kreidler has fined Verizon Wireless Services LLC of Bedminster, N.J., $25,000 for failing to sell service contracts under its legal corporate name, a violation of state insurance...
People
Nov 5 2006 // Chris Hughes, with Swingle, Collins & Associates, is the new president of the Independent Insurance Agents of Dallas. Swingle Collins reported that Hughes joins officer ranks with firm president, Frank Swingle, whose...
Calif. Commissioner Reaches Settlement with UnumProvident
Nov 3 2006 // California Insurance Commissioner John Garamendi has reached a settlement with UnumProvident Corp., Provident Life and Accident Insurance Company, and Unum Life Insurance Company of America to ensure that all compensation...
American National Declares Quarterly Dividend
Oct 27 2006 // Galveston,Texas-based American National Insurance Company has declared a quarterly dividend of 76 cents per share on its common stock, CUSIP #028591-105, payable Dec. 15, 2006, to shareholders of record as of the close of...
Former Texas Commissioner Named President of Life Ins. Companies
Oct 18 2006 // Former Texas Secretary of State and Commissioner of Insurance Elton Bomer has been named president of four insurance companies: American Reserve Life Insurance Co., Liberty Bankers Life Insurance Co., Mid-Continent...
Chicago Fort Dearborn Life Merges with Mutual Legal Reserve
Oct 5 2006 // Chicago Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Co., has successfully completed its merge with Oklahoma-based Member Service Life Insurance Co., also...
Middle Market Continues to Befuddle Life Insurance Distribution System
Sep 12 2006 // America’s middle market has generated much attention in the life insurance industry and among consumer advocates for being underserved. Despite some middle-market-targeted successes in individual companies, the...
Subsidiary of Health Care Service to Merge with Okla. Member Service Life
Sep 7 2006 // Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, today announced its intent to merge with Oklahoma-based Member Service Life Insurance Company,...
Ohio Anthem Life Insurance Celebrates Golden Anniversary
Sep 5 2006 // Cleveland, Ohio-based Anthem Life Insurance Company announced that in conjunction with the beginning of Life Insurance Awareness Month in September, it is celebrating 50 years of providing group life and disability...
Custer bought life insurance policy before Battle
Sep 4 2006 // A copy of Lt. Col. George Armstrong Custer’s life insurance policy is on display at Fort Abraham Lincoln State Park in North Dakota. The replica of the $5,000 New York Life Insurance policy was taken out on June 4,...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Custer bought life insurance policy before Battle
Sep 4 2006 // A copy of Lt. Col. George Armstrong Custer’s life insurance policy is on display at Fort Abraham Lincoln State Park in North Dakota. The replica of the $5,000 New York Life Insurance policy was taken out on June 4,...
Ill. Native Recipient of Life Industry’s John Newton Russel Memorial Award
Aug 31 2006 // James M. Benson, CLU, a successful producer and executive of some of the top companies in the life insurance industry, was named recipient of the 65th annual John Newton Russell Memorial Award. The award recognizes...
Chicago Fort Dearborn Life Acquires HM Life Insurance Company
Aug 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corp. (HCSC), a Mutual Legal Reserve Company, has completed the acquisition of the life and disability business of HM Life Insurance...
Washington Military Policyholders to Share in Settlement
Aug 11 2006 // More than 1,100 current and former military personnel in Washington will be eligible to share in a $70 million multi-state settlement signed by Insurance Commissioner Mike Kreidler over the improper sale of insurance and...
Ohio Military Personnel to Benefit from $70 Million National Settlement
Aug 9 2006 // The Ohio Department of Insurance recently announced that the Department has joined a $70 million multi-state and federal settlement with Texas-domiciled American-Amicable Life Insurance Company and its affiliates regarding...
HCC Insurance Holdings Acquires Minn. Allianz Life Insurance
Aug 4 2006 // Houston-based HCC Insurance Holdings, Inc. announced today that the Company had reached an agreement to acquire the assets of Allianz Life Insurance Company of North America’s Health Products Division for a cash...
