Indicted N Carolina campaign donor’s insurance firms in flux
RALEIGH, N.C. (AP) — Insurance companies owned by a big-money donor accused of trying to bribe North Carolina's top insurance regulator for easy treatment are on the sales block and under review...
Protective Life acquires part of Great-West Life for $1B
BIRMINGHAM, Ala. (AP) — Alabama-based Protective Life Insurance Co. is buying part of the Colorado-based Great-West Life & Annuity Insurance Co. in a deal worth $1.2 billion.
Protective Life is buying nearly all of Great-West Life's individual life insurance and annuity business. Protective Life says the purchase announced Thursday is the largest acquisition in company history.
National Western Life: 3Q Earnings Snapshot
AUSTIN, Texas (AP) _ National Western Life Insurance Co. (NWLI) on Wednesday reported third-quarter earnings of $34.6 million.
The Austin, Texas-based company said it had net income of $10.08 per share. Earnings, adjusted for investment gains, were $9.57 per share.
The insurance provider posted revenue of $225.4 million in the period.
Man pleads not guilty in slaying of insurance executive
HARTFORD, Conn. (AP) — A convicted sex offender charged with fatally stabbing an insurance company executive while she was running on a trail has pleaded not guilty.
The Hartford Courant reports that a judge Wednesday ordered 27-year-old William Winters Leverett to undergo a psychiatric evaluation after he entered his plea.
Suspect in slaying of insurance executive held on $2M bond
ENFIELD, Conn. (AP) — A convicted sex offender told police he was just looking for someone to talk to when he went into a "frenzy" and stabbed an insurance company executive to death four years ago while she was running on a trail in Simsbury.
Charles Barkley among big names to back Alabama Futures Fund
BIRMINGHAM, Ala. (AP) — NBA Hall of Famer Charles Barkley is one of several big names behind a venture capital fund in Alabama.
The Alabama Futures Fund announced this week that it has closed a $25 million early-stage venture capital fund that will focus on the state's growing entrepreneurial culture. Investors include Barkley, Protective Life Insurance Company, HOAR Construction, Raymond J. Harbert, G. Ruffner Page Jr., and Benny M. LaRussa Jr.
4 more historic Tennessee sites added to National Register
MEMPHIS, Tenn. (AP) — Four more sites in Tennessee have been added to the National Register of Historic Places.
The National Trust Life Insurance Co. Building in Memphis was completed in 1963. The five-story structure is made of concrete, marble, metal and glass. The property is awaiting redevelopment.
The Tullahoma Municipal Building was constructed In 1954. It housed city offices and the Tullahoma Power System offices.
National Western Life: 2Q Earnings Snapshot
AUSTIN, Texas (AP) _ National Western Life Insurance Co. (NWLI) on Tuesday reported second-quarter profit of $31.5 million.
On a per-share basis, the Austin, Texas-based company said it had profit of $9.18. Earnings, adjusted for investment gains, were $8.58 per share.
The insurance provider posted revenue of $174.7 million in the period.
USOC dismisses Hope Solo’s complaint about US Soccer
COLORADO SPRINGS, Colo. (AP) — The U.S. Olympic Committee has dismissed a complaint by former U.S. women's national team goalkeeper Hope Solo that accused the U.S. Soccer Federation of illegally favoring Major League Soccer.
Solo filed the complaint in January when she was among the candidates running for USSF president, a race she lost the following month to Carlos Cordeiro.
Court backs insurer: No $300K payout in head-on crash
DETROIT (AP) — An insurance company refused to pay $300,000 in a head-on crash that killed a Michigan man and his mother after a doctor came up with a key conclusion: Robert Krugman likely drifted out of his lane because of a heart attack.
MONTPELIER, Vt. (AP) — Vermont officials say it could be eight weeks before all the state employees are back at work in their Montpelier offices that are being cleaned up following a weekend fire.
The Times Argus reports the Saturday fire started in the wall of a cubicle. The cause of the fire is believed to be electrical.
Wife of man charged in blast probe died in ‘mysterious case’
LOS ANGELES (AP) — A decade before his ex-girlfriend was killed in what investigators say was a targeted explosion, Stephen Beal's wife died in what a coroner deemed a "mysterious case."
Christine Beal's death in 2008 came a few weeks after she fell down a flight of stairs in their Long Beach home while carrying a heavy piece of furniture with her husband. The bureau landed on her pelvic and hip area.
Allianz Life Insurance Co. of North America reported year-end results below a very strong 2016 but within company expectations and affected by a one-time tax charge and new regulations.
The operating profit was down slightly to $1.18 billion. Net income, which fell 15.7 percent to $711 million, included the one-time tax charge of $145 million.
MassMutual expanding in Bay State, cutting in Connecticut
SPRINGFIELD, Mass. (AP) — Massachusetts Mutual Life Insurance Co. announced Thursday that it is expanding its business in Massachusetts and closing a large office in Connecticut.
MassMutual said it plans to spend nearly $300 million in Massachusetts over the next several years and increase its workforce in the state by approximately 70 percent by the end of 2021.
A Celebration of Life will be held Saturday, February 9, 2018 at 11 a.m. for Mr. Vories J. Babineaux at Pope’s Funeral Home in Forestville, Maryland. He will await resurrection at Washington National Cemetery in Suitland, Maryland.
Vories, affectionately known as Bubba, was a native of Weeks Island, a former resident of New Iberia for 60 years, and a resident of Clinton, Maryland for the last 4 ½ years of his life. He
Greg Hansen: In the short term, Arizona Wildcats’ decision to hire Kevin Sumlin is a home run
When he visited Tucson for the first time, 26-year-old Kevin Sumlin was two years removed from a full-time job as an underwriter for the American United Life Insurance Co.
He had quit his well-paying job in Indianapolis because he wanted to be a football coach, a big-time football coach, something that reminded him of his days as a Purdue linebacker when the Boilermakers stunned No. 2 Ohio State and No. 7 Notre Dame in the first month of the 1984 season.
3 insurance agents sentenced to prison for roles in scheme
SAN FRANCISCO (AP) — Authorities say three California insurance agents were sentenced to prison for participating in a scheme involving fraudulent life insurance policies.
Sam Taylor Hired As Broomfield Chamber CEO
Five new Chamber board members:
Partners to buy SC wood pellet plant, build Mississippi port
BETHESDA, Md. (AP) — A company that makes wood pellets and sells them to power plants overseas says it's forming a new joint venture with an insurance company to buy a plant in South Carolina and build a port in Mississippi.
Enviva Holdings of Bethesda, Maryland, on Tuesday announced the deal with the John Hancock Life Insurance Co.
National Life to donate an additional $1 million to charity
MONTPELIER, Vt. (AP) — One of central Vermont's largest employers says they're stepping up their annual charity contribution from $1 million to $2 million next year.
In an announcement Tuesday, National Life Insurance Company CEO Mehran Assadi says they're "declaring war" on child hunger in the state.
He tells WPTZ-TV that it's hard to believe 33,000 children are food insecure in the state. And with the company doing well, he says it's time to give back.
Here’s Something Your Life Insurance Company May Be Hiding From You
(NAPSI)—American seniors are postponing retirement, primarily for financial reasons. Unfortunately, many experience unexpected health problems and ultimately shorter life spans, according to a recent report from Bloomberg—fortunately, you don’t have to be among them. More seniors are exploring creative options to generate the cash needed to pay off bills, finance vacations or deal with health care expenses.
Michael J. Beauford, a retired elementary school teacher, community servant and church elder, died on Sunday, Nov. 12, 2017. He was 76.
Allstate’s suit against Ameriprise more about swiping data than big-buck producers
The financial services industry, particularly the securities-brokerage trade, has a less-than-storied history of growing business by poaching successful financial advisers.
Big producers are lured with bonuses, or forgivable loans, that total up to two years worth of an advisers past commissions and fees that can total six to seven figures.
Life and Health Insurance Agency with 12 employees.
I started my business in 1980. I had graduated from Law school and spent 2 years with New York Life Insurance Company before moving to Aiken. I have three major areas of business:
1) My current downtown office was opened in 1984 and primarily handles group health insurance. This office has four licensed life and health insurance agents.
Josephine Marie "Jo" Virciglio passed away on Tuesday, Aug. 22, 2017, at St. Mary's Hospital in Rochester, Minn. She died peacefully in the presence of her sister and brother-in-law.
Michael R. Staser and Alice F. Staser to Jefferson County, 5000 S. State Road 62, Lexington. Kirby C. Gunter to Robert J. and Bekah A. Parsons, 5757 W. Hensler Road, Hanover. Metropolitan Life Insurance Company to Star Stores LLC, 1112 W. Main St. James H. Gabhart to Jerry Michael Estes, 825 W. Third St. John Fredrick Thompson to Paul E. and Elizabeth G. Tweedy, 1841 Van Buren Drive, lots 124 and 125. Ernest D. Sproles Jr. to Jennifer Sproles, 680 N. Hereford Lane. Richard R. and Mary Jane Kortokrax to TMZ Investments LLC, land parcel in Jefferson County. Deanna Macrander and the Deanna Macrander Life Estate to Michael E. Macrander and Connie J. Macrander, 2220 S. State Road 62, Hanover. Cornerstone Society Inc. to Place Works LLC, 420 West St., lots 41 and 42. Allen L. Anderson and Angela J. Anderson to Madison Lane Trust, 221 Sharp St., Hanover.
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First female member of Alabama Supreme Court dies at 85
BIRMINGHAM, Ala. (AP) — The first female member of the Alabama Supreme Court, Janie Shores, has died.
Shores, who also was once considered as a potential U.S. Supreme Court nominee, died Wednesday at her home in Baldwin County on the Alabama coast days after suffering a stroke, according to Jefferson County Circuit Judge Robert S. Vance, a godson. She was 85.
Minnesota United stadium named Allianz Field
ST. PAUL, Minn. (AP) — Minnesota United's new soccer stadium in St. Paul will be called Allianz Field.
The Allianz Life Insurance Co. of North America has committed as the official sponsor of the stadium, slated to open in 2019.
Allianz has its name attached to stadiums in seven other countries, including Germany's Allianz Arena, the home of Bayern Munich and site of a 2006 World Cup semifinal. This will be a first for the U.S.
Ian Rolland, a man who leveraged his corporate standing to effect great social change and civic and downtown development in Fort Wayne, died Saturday morning. He was 84.
NASHVILLE, Tenn. (AP) — The former home Tennessee Regulatory Authority has been sold for $8.9 million.
The winning bid was submitted Wednesday for the building and associated parking lots near the state Capitol in Nashville.
The buyer of the 45,000-square foot building and 2-acre site was not immediately disclosed. The deal is expected to close on Aug. 7.
Philadelphia spent nearly $50 million over the past three years on construction and designs for a new police headquarters in West Philadelphia.
Contractors gutted and rehabbed the old Provident Mutual Life Insurance Co. at 4601 Market and developed plans so detailed that arborists had selected the types of trees and shrubs to dot the property.
New downtown Charleston apartments set to break ground on Meeting St.
A developer with ties to two planned apartment projects on Charleston's peninsula plans to break ground this month on a third multifamily, mid-rise structure, all within a few blocks of each other.
The property at 511 Meeting St. is being developed through a joint venture of Spandrel Development Partners of New York City, Aspen Heights Partners of Austin, Texas, and Milwaukee-based Northwestern Mutual Life Insurance Co.
Eugene Mitchell, New York Life on mission to create Black wealth
If Black lives matter, then Black wealth should certainly matter, too.
That’s the motto that Eugene Mitchell, a corporate vice president and market manager in the African-American Market Unit for the New York Life Insurance Company, often shares.
Born Jan. 26, 1944, in Billings, at St Vincent's Hospital to Nick M. and Viola Wolfe. She spent her childhood on the family farm in Belfry, Montana, along with her brother Tom Wolfe. As a child, her grandfather lovingly nicknamed her "Taffy" due to her wavy blonde hair.
DES MOINES, Iowa (AP) — Iowa businessman Fred Hubbell says he's considering a run for governor in 2018.
Hubbell, a Democrat, announced Tuesday the launch of an exploratory campaign. It will allow him to travel the state and raise money.
Charleston health care startup PokitDok lands $5 million investment from life insurance company
A Charleston health care startup says it's secured an investment from one of the nation's biggest insurers as it makes a bid to reshape the future of medical records.
PokitDok said Thursday it had pulled down capital from New York-based Guardian Life Insurance Co. of America, a deal intended to boost the company's new system for managing patient records.
Humble Surgical Hospital filed for Chapter 11 bankruptcy protection Friday morning, three weeks after U.S. District Judge Lynn Hughes entered a multi-million judgment against the specialty, five-bed hospital.
Earlier this month, Aetna Life Insurance Co. was awarded $51.4 million, including nearly $10 million in interest, to recover excessive health care fees the insurer said it paid to the hospital during the past seven years.
Founder of Christian school that sued over 2001 raid dies
BETHEL, Mo. (AP) — Charles Sharpe, the millionaire founder of a rural Missouri Christian school where a state raid over discipline tactics led to years of lawsuits, has died.
Sharpe died Wednesday at age 89. The Heartland community website says he had cardiac and renal problems.
On this day in history in The Citizen: Nov. 29, 2016
Nov. 29, 1936Members of the John Hancock Mutual Life Insurance Company in Auburn, Seneca Falls and Geneva held a banquet at the Osborne Hotel Saturday evening, to celebrate the first anniversary of Manager Robert W. Carroll, under whose direction the Auburn agency has attained the honor of leading the entire country in percentage of ordinary insurance written to quota.Prizes were awarded to Agents Joseph Wawro, Arthur Jerome and a special prize went to Robert H. Hunter for outstanding sales...
NEW FILINGS Civil
Coragen C. Stevens v. Trenton J. Adkins and Kimberly R. White, complaint for unspecified damages. Metropolitan Life Insurance Company v. Dorthea A. Dunn and occupants of 1112 W. Main St., complaint to foreclose mortgage. Steven W. Aulbach v. Anthony L. Hecker, complaint for forfeiture of land.
Famous attorney represents Utah woman on insurance claim
SALT LAKE CITY (AP) — A famous attorney known for his defense of celebrities like pop star Michael Jackson has filed a lawsuit on behalf of a Utah woman who says her husband's life insurance company refused her claim.
Life insurer allegedly charged premiums after death
JEFFERSON CITY, Mo. (AP) — A life insurance company accused of charging premiums after policyholders died has settled with Missouri insurance regulators.
The Missouri Department of Insurance says an investigation by its Market Regulation Division found CMFG Life Insurance Co. charged joint borrowers premiums after their spouses died.
The insurance department also says the company charged premiums after individuals were too old to use those policies.
Iowa at center of debate over ‘shadow insurance’ deals
IOWA CITY, Iowa (AP) — For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books.
Judge orders funeral home owners to pay $3M for fraud
CHARLESTON, W.Va. (AP) — The owners of a Putnam County-based funeral home have been ordered to pay nearly $3 million after being accused of defrauding an Iowa-based insurance company by cashing in on pre-need funeral arrangements for more than 100 people who weren't actually dead.
The Charleston Gazette-Mail (http://bit.ly/2bfevvS ) reports that Chief U.S. District Judge Robert Chambers ruled Monday that Chad and Billie Harding must...
Insurance company wants funeral home to pay $3 million
POCA, W.Va. (AP) — A life insurance company is asking a judge to order a Poca funeral home to pay about $3 million after cashing in on funeral contracts for people who weren't dead.
The Charleston Gazette-Mail (http://bit.ly/2axTQne ) reports that Homesteaders Life Insurance Company was granted default judgment in June in its lawsuit against Gatens-Harding Funeral Home. The lawsuit accused Chad and Billie Harding of selling and cashing...
Northwestern Mutual taking human-plus-technology approach
In early 2015, when nearly 160-year-old Northwestern Mutual Life Insurance Co. announced it was acquiring 6-year-old online financial planning firm LearnVest Inc., it wasn't clear to observers how the old and new would mesh.
Would LearnVest and its employees be completely absorbed into the much bigger parent company?
Would Northwestern Mutual let LearnVest and its technology team operate entirely as a separate company, without efforts to integrate its expertise into...
Lower Brule default leads to $20 million lawsuit
SIOUX FALLS, S.D. (AP) — An insurance company that purchased a $20 million federal loan guarantee from a Lower Brule Sioux tribal entity has filed suit against the federal government after the tribe defaulted on the loan.
Great American Life Insurance Co. claims in its filing that the federal government fleeced the company by failing to make good on the loan guaranty. The company argues the federal government was obligated to pay the loan after LBC Western Holding...