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NATIONAL
February 3, 2005 | From Times Wire Reports
Gov. Bill Richardson signed a bill in Santa Fe making the state the first to underwrite $250,000 in life insurance for National Guard members. "Our troops need more than speeches and pats on the back. They need help for their families," the Democrat said. The measure passed both houses of the Legislature by unanimous vote.
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BUSINESS
June 26, 2005 | Kathy M. Kristof, Times Staff Writer
Suzanne and James Borovich started thinking about adding to their life insurance last fall. It was almost open enrollment season for company benefits, and Suzanne Borovich said she realized they didn't have nearly enough coverage to provide for their two young daughters. The Nebraska couple looked into buying more coverage through their respective companies.
NEWS
January 26, 1989 | DON G. CAMPBELL
Question: From reading your columns, I realize that people usually come to you when they have exhausted their patience or avenues of appeal. Perhaps you could address this issue: Is there any state law or regulation that covers the top age at which people will be approached to buy more straight-life insurance? The enclosed correspondence outlines the situation experienced by my neighbor, C.A., who with his late wife were also good friends of mine. In essence, C.A.
BUSINESS
December 1, 1996
Part of the conventional wisdom about life insurance is that people without dependents don't need it. After all, if you don't support anyone now, why leave anyone money after you die? But as many cancer and AIDS patients have discovered, the terminally ill can receive early "viatical" life insurance settlements to make their last days more bearable--or pay medical bills. Such a resource can be comforting for some people.
BUSINESS
May 19, 1998 | BARBARA MURPHY and BARBARA MURPHY
The Automobile Club of Southern California is expanding its life insurance services to Ventura and Los Angeles counties. The Auto Club's products include whole and universal life, annuities, term options and policies designed to cover young children and teenagers. The Auto Club Life Insurance Co. has earned an A rating from A.M. Best, an independent insurance rating company. "We are continually looking to add value to our membership," said John H. Hazelrigg, life insurance vice president.
BUSINESS
October 27, 1990 | LINDA DARNELL WILLIAMS, TIMES STAFF WRITER
American consumers will likely have to pay more for some life insurance policies under the latest budget deal made by Congress and the White House, according to the insurance industry. Insurers said they are still assessing the impact of the proposal, but more expensive and less valuable life insurance will certainly be a result of the budget deal makers' decision to impose on life insurers the highest tax increase of any industry.
BUSINESS
March 9, 2000 | Bloomberg News
CNA Financial Corp., an insurer controlled by billionaire investor Laurence Tisch and his family, said it hired Donaldson, Lufkin & Jenrette to sell its life insurance units. A sale could raise more than $2.5 billion. The life insurance business would be the latest to be sold by Chicago-based CNA, which has been paring back its smaller operations to concentrate on insuring companies against property and other losses. It's keeping its health insurance operations, a spokesman said. CNA, the No.
NEWS
January 30, 1986 | BRUCE KEPPEL, Times Staff Writer
The insurer that gave a free $1-million policy to schoolteacher Christa McAuliffe before she boarded the ill-fated Challenger space shuttle predicted Wednesday that coverage for those involved in space flights will remain available despite the deaths Tuesday of McAuliffe and her six crew mates.
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