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...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
SAN FRANCISCO (AP) — Authorities say three California insurance agents were sentenced to prison for participating in a scheme involving fraudulent life insurance policies.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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...
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...
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...