Dec. 20 Do you have life insurance? Are your premiums up to date? Those questions shouldn’t be brushed aside after the revelation that many life insurance companies bank on the chance most policyholders will let their coverage lapse. As reported in a New York Times article printed in yesterday’s News Tribune (”More seniors bank on […]
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Dec. 12 Facing its fifth straight year of losses, North Carolina Mutual Life Insurance Co. is searching for ways to boost its shrinking surplus as state regulators and the insurance rating firm A.M. Best Co. closely watch the company’s financial position. The 108-year-old Durham firm’s surplus has dropped from $22 million at the end of […]
A.M. Best Co. has placed the financial strength rating (FSR) of B (Fair) of Family Life Insurance Co.(Family Life) (Austin, Texas) under review with developing implications. Family Life is a wholly-owned subsidiary of Financial Industries Corp. (FIC) [Pinksheets: FNIN.PK]. This rating action follows FIC?s announcement that it reached a definitive agreement on Dec. 8, 2006, […]