Sep. 1 Insurance representative Maria Buss was extremely disturbed by the findings of recent insurance industry studies: Only 41 percent of adult Americans have individual life insurance. And those who rely on group insurance alone through their employers are vulnerable if they lose employment.In her capacity as president of the Fox Valley Chapter of the […]
WORCESTER - Allmerica Financial Corp. yesterday said it would sell its variable annuity and variable life insurance business to The Goldman Sachs Group Inc., part of a $385 million deal that will trigger the layoff of 275 Worcester-based Allmerica employees.Allmerica has operated the $11 billion closed block of business for almost three years, and rating […]
A majority of state legislators are sitting pretty with pay raises of 16 percent to 34 percent, not to mention a cost-of-living allowance as of Dec. 1, 2006. Yet, they can’t scrape together $1 million a year to cover life insurance premiums for Pennsylvania’s National Guard soldiers and airmen, who put their lives on the […]