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BUSINESS
September 30, 1992 | From Times Staff and Wire Reports
Virginia OKs Plan for First Capital Unit: Hartford Life Insurance Co. will take over the business of Fidelity Bankers Life Insurance Co., a Virginia-based subsidiary of troubled First Capital Holdings Corp., under a plan approved by the Virginia State Corporation Commission.
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BUSINESS
March 24, 1994 | From Times Staff and Wire Reports
Hartford Hit with $400,000 Fine: Hartford Life Insurance Co., a unit of ITT Hartford Group, paid a $400,000 fine for selling modified guaranteed annuity contracts in California without necessary Insurance Department authorization, state Insurance Commissioner John Garamendi said. Hartford had contended that the contracts did not require approval but stopped selling them when it learned of the department's objection, Garamendi said.
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BUSINESS
March 24, 1994 | From Times Staff and Wire Reports
Hartford Hit with $400,000 Fine: Hartford Life Insurance Co., a unit of ITT Hartford Group, paid a $400,000 fine for selling modified guaranteed annuity contracts in California without necessary Insurance Department authorization, state Insurance Commissioner John Garamendi said. Hartford had contended that the contracts did not require approval but stopped selling them when it learned of the department's objection, Garamendi said.
BUSINESS
September 30, 1992 | From Times Staff and Wire Reports
Virginia OKs Plan for First Capital Unit: Hartford Life Insurance Co. will take over the business of Fidelity Bankers Life Insurance Co., a Virginia-based subsidiary of troubled First Capital Holdings Corp., under a plan approved by the Virginia State Corporation Commission.
BUSINESS
January 15, 1991 | United Press International
As many as 200,000 holders of Executive Life Insurance Co. policies could have their coverage switched to the higher-rated Hartford Life Insurance Co. if a deal the companies are negotiating goes through, Hartford said Monday. Such an "assumption reinsurance" deal probably would be a benefit to holders of any policies that are switched because of both Hartford's top credit rating and concerns about Executive Life.
BUSINESS
April 6, 2005 | From Bloomberg News
A judge for the second time dismissed a lawsuit filed by Wal-Mart Stores Inc. seeking more than $100 million in damages related to corporate-owned life insurance policies. Wal-Mart sued American International Group Inc.'s AIG Life Insurance unit and Hartford Financial Services Group Inc.'s Hartford Life Insurance Co. in Delaware Chancery Court in 2002, blaming underwriters for the loss of tax deductions for $1.3 billion in policies Wal-Mart bought from 1993 to 1995.
BUSINESS
April 9, 1996 | BARBARA MURPHY
BPS Healthcare has entered into an agreement to acquire a Los Angeles-based health maintenance organization as part of a plan to expand its coverage into Ventura County. The acquisition of VivaHealth Plan is subject to the approval of the California Department of Corporations. BPS Healthcare (formerly Benefit Panel Services) is a 210,000-member managed-care company that offers preferred provider organization and exclusive provider organization services to employers throughout California.
SPORTS
May 23, 2006 | Bill Shaikin, Times Staff Writer
The Dodgers paid Paul Shuey $3.25 million for the 2004 season, but he did not pitch for them because of injury. Now the Dodgers have sued to get more than half of their money back, charging that Hartford Life Insurance Co. failed to honor the team's claim. In a suit filed Friday in Los Angeles County Superior Court, the Dodgers asked for $1.7 million in accordance with the insurance policy, plus unspecified punitive damages. Shuey underwent hip surgery in October 2003.
BUSINESS
January 15, 1991 | United Press International
As many as 200,000 holders of Executive Life Insurance Co. policies could have their coverage switched to the higher-rated Hartford Life Insurance Co. if a deal the companies are negotiating goes through, Hartford said Monday. Such an "assumption reinsurance" deal probably would be a benefit to holders of any policies that are switched because of both Hartford's top credit rating and concerns about Executive Life.
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