Friday, February 3, 2012
Bbampt To Buy Crump Units
BB&T to Buy Crump Units for 0 Million to Build Life-Insurance Business
(BBT), the ninth-largest US bank by deposits, agreed to buy insurance units of Crump Group Inc. for $ 570 million to expand distribution of life coverage. The deal would make BB&T the nation's largest independent wholesale life insurance distributor and ...
Read more on Bloomberg
Prudential settles with insurance regulators over death benefit practices
State insurance regulators including New Jersey's Department of Banking and Insurance have reached a settlement with Prudential Financial over its handling of death benefits from life insurance policies. As part of the agreement, the nation's ...
Read more on The Star-Ledger - NJ.com
Genworth Financial Swings to a Profit as Mortgage-Insurance Unit Improves
(KIX) US Mortgage Business The US mortgage-insurance segment's loss narrowed to $ 94 million in the fourth quarter from $ 352 million a year earlier, the company said. US life insurance posted a $ 114 million profit. ?Fourth-quarter earnings improved from ...
Read more on Bloomberg
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