Archive for February, 2000

MassMutual buys Hong Kong insurance firm

CRC Protective Life Insurance Co. is “a good cultural fit” with the Springfield-based insurer, analysts said yesterday. SPRINGFIELD - Planning to tap potential insurance customers in China and Southeast Asia, Massachusetts Mutual Life Insurance Co. announced yesterday that it is buying a Hong Kong-based life insurance company called CRC Protective Life Insurance Co., Ltd.MassMutual, which […]

MAKE SURE LIFE INSURANCE COVERS MORTGAGE

When Frank Remmes bought a home in Canton last year, one of the first things he did, after the whirl of closing day, was to reevaluate his life insurance.”Any time you have a big life change - a new house, a child, a job change - you should reevaluate your insurance,” said Remmes, 41. Of […]

Penn Life to close Raleigh office and lay off about 200 employees

RALEIGH — The parent company of Pennsylvania Life Insurance Co. has decided to leave its nine-year-old West Raleigh office by year’s end and take 200 jobs with it. The parent, Universal American Financial Corp., offered transfers to several dozen Raleigh employees as it consolidates the business it bought last year from PennCorp Financial Group into […]