2004 October | Life Insurance

Archive for October, 2004

SPITZER HITS ST. PAUL FIRMS ST. PAUL TRAVELERS, MINNESOTA LIFE ADDED TO INSURANCE PROBE

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 […]

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October 25th, 2004 | Posted in Life Insurance | No Comments

Northwestern Mutual Life Insurance unit to pay $1 million fine

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 […]

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