Archive for May, 2001

Brookfield, Wis., Life Insurance Company to Sell Subsidiary

May 24–A Brookfield life insurance company has agreed to sell a subsidiary to a Madison insurer for $7.2 million. The U.S. [divis] of Clarica Life Insurance Co., based in Canada, will eliminate 12 jobs once the sale of Milwaukee Life Insurance Co. is complete, Clarica spokeswoman Janet Perkins said Wednesday.Clarica, which has 60 employees at […]

May 23rd, 2001 | Posted in Life Insurance | No Comments

MONTGOMERY WARD TARGETS HEALTH, LIFE INSURANCE MANY RETIREES LEFT IN COLD EX-EMPLOYEES EXPECT LIFE WITHOUT SECURITY IF BANKRUPT RETAILER WINS PERMISSION TO TERMINATE BENEFITS, AS OTHER FIRMS HAVE DONE

Since he retired 17 years ago, Bill Bailey has never missed a monthly payment for the term life insurance policy he had through his employer, Montgomery Ward. Now, he wishes he’d put the money in a box under his bed instead. Two weeks ago, Montgomery Ward, which paid a portion of his premium as a […]

May 7th, 2001 | Posted in Life Insurance | No Comments