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Because banks were prohibited under the Glass–Steagall Act from owning insurance companies, Crédit Lyonnais organized an investor group to buy the insurance company operations, with the new company named Aurora National Life Assurance Co. Majority control of Aurora National was sold to Groupe Artémis in 1994. [3]
He was the chairman and CEO of Willis Group Holdings (Willis), a New York Stock Exchange-listed insurance broker, until July 2013. [1] The company has 17,000 employees in 400 offices, located in 120 countries. [2] [3] [4] As of June 2010, Willis had the third-highest insurance brokerage revenues in the world. [5] [6]
National Heritage Life Insurance Company (NHLC) was an insurance company based in Orlando, Florida.It collapsed as a result of a fraud scheme, and was liquidated in 1995. [1] [2] [3] It is believed to have been the largest insurance company failure caused by criminal acts in U.S. history, resulting in $450 million of losses.
A number of private companies offer LLQP training, both through online and in-class sessions. Insurance companies including Sun Life Assurance Company of Canada, Combined Insurance Company of America, Canada Life Insurance Company and Primerica Life Insurance Company of Canada are also LLQP course providers.
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Law portal; LegalShield (previously known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American corporation that sells legal service products direct to consumer through employer groups and through multi-level marketing [9] in the United States, and Canada.
Once known as the "Medical Information Bureau" MIB was founded in 1902 by a group of life insurance companies with a desire to create an industry wide database of life insurance and other products. The goal was to share information as a way to protect applicants, insurers, and policyholders from omissions and fraud that prevented the sound and ...
In case 1, Phillip Barry runs a Ponzi scheme in Brooklyn that scams over 800 investors of $40 million, resulting in a 20 year prison term. In case 2, Kevin Carney is running a Ponzi scheme in Chicago by claiming he invented a new stock trading computer program producing high returns. He scams $19 million and is sentenced to 13 years in prison. [30]
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