New York Attorney General Eliot Spitzer has drawn St. Paul Travelers and Minnesota Life Insurance Co. into his ever-widening probe of insurance sales practices, the two St. Paul-based companies said Monday.They are the first two Minnesota companies to be targeted by Spitzer or any state regulator so far. St. Paul Travelers said Spitzer has subpoenaed […]
Oct. 19 Northwestern Mutual Life Insurance Co.’s investment unit will pay $1 million the biggest fine ever for the Milwaukee company over sales pitches for certain life policies. The settlement with the National Association of Securities Dealers, the regulator for firms that sell securities, stems from the group’s industry-wide investigation of how the risks of […]
Protective Life Insurance Company Marketing: Eric Miller, 800-628-6390 or Larry Adams, 800-333-3418 or Protective Life Corporation Investor Relations: Chip Wann, 205-268-6461 Protective Life Insurance Company has announced the release of their Select UL(SM) III universal life insurance product. Select UL III provides consumers with much-needed flexibility and assurance as they go about planning for their […]
Life Insurance Consumers Alliance (LICA) James Butera, 202-742-4146 info@lifeinsuranceconsumers.org Governor Brad Henry has signed into effect new regulation that makes life settlements more easily accessible to life insurance consumers in Oklahoma. The new regulation assures life insurance consumers the right to realize the fair market value of their unwanted or unneeded life insurance. Life settlements […]