Archive for December, 1997

Women to split young pilot’s life insurance

REDWOOD CITY, Calif. - A judge ended a bitter dispute over the life insurance proceeds of Jessica Dubroff, the 7-year-old killed while trying to become the youngest pilot to fly cross-country.The judge’s decision followed the wishes of Lloyd Dubroff, the girl’s father, who wanted Jessica’s stepmother and mother to evenly divide a total of $3 […]

Mom, Stepmom of Child Pilot Fight Over Life Insurance

A bitter fight over life insurance money is set to begin this week between the mother and stepmother of the 7-year-old girl who died while trying to become the youngest person to fly across the country. Melinda Hurst Dubroff, stepmother of Jessica Dubroff, who died in a plane crash near Cheyenne, Wyo., in April 1996, […]

MUTUAL LIFE OF CANADA WILL GO PUBLIC \ MOVE WOULD ALLOW IT TO GROW BY ACQUIRING

Mutual Life Insurance Co. of Canada plans to convert to a publicly traded stock company, after 127 years of being owned only by its policyholders.Mutual president and CEO Robert Astley said the purpose is to enable it to raise capital and grow by making acquisitions in the current climate of rapid industry consolidation. ”We want […]

WHAT PASSES FOR SUPERVISION, ACCOUNTABILITY IN INSURANCE INDUSTRY?

John W. Wagner was in charge of New York Life Insurance Co.’s office in Amherst, the one where rogue broker John T. Fortier worked.Fortier bilked $2.5 million from 90 clients over a period of years, spending some of the money on a Lamborghini and a speed boat. He pleaded guilty to fraud and tax evasion […]