Corporate changes: the consolidation of the life/health industry continued in 2002. (Corporate Changes: Life/Health).The pace of consolidation slowed down in the life/health industry in 2002, as the number of mergers dropped to 24, compared with 29 in 2001. In 2002, 24 companies changed their names and five companies ceased operation. The number of redomestications was up with 10 companies moving compared with six companies in 2001. All changes occurred in 2002, unless otherwise noted. Mergers and Retirements All American Life Insurance Co., Springfield, Ill., was merged into American General Life Insurance Co. Ameribest Life Insurance Co., Atlanta, was merged into Equitable Life Equitable Life may refer to:
American Capital Life Insurance Co., Washington, D.C., was dissolved. American Franklin Life Insurance Co., Springfield, Ill., was merged into Franklin Life Insurance Co. American General Life Insurance Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Syracuse, NY, was merged into United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Life Insurance Co. American General Life Insurance Company of Pennsylvania, Reading, Pa., was merged into American General Assurance Co. American Resources Life Insurance Co., West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. , was dissolved. Clarica Life Insurance Co., Waterloo, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. , Canada, was merged with Sun Life Assurance Company of Canada in December. Delta Life and Annuity Co., Topeka, Kan., was merged into American Investors Life Insurance Co. Inc. First Columbine columbine, in botany columbine (kŏl`əmbīn), any plant of the genus Aquilegia, temperate-zone perennials of the family Ranunculaceae (buttercup family), popular both as wildflowers and as garden flowers. Life Insurance Co., Denver, was merged into Security Life of Denver Insurance Co. First Golden American Life Insurance Company of New York, Woodbury, N.Y, was merged into ReliaStar Life Insurance Company of New York. FirstReturn Insurance Co., Weilesley, Mass. Effective Jan. 1, the company merged into an affiliate, HPHC HPHC Harvard Pilgrim Health Care (Massachusetts) HPHC Hamburg Port Health Center (Germany) Insurance Co., formerly known as Harvard Pilgrim Insurance Co. Inc. Franklin life Insurance Co., Springfield, Ill., was merged into American General Life insurance Co. General Life Insurance Co., Austin, Texas, was merged into General American Gen·er·al American n. The speech of native speakers of American English that many consider to be typical of the United States, noted for its exclusion of phonological forms readily recognized as regional or limited to particular social groups and for Life Insurance Co. Great Florida Life Insurance Co., Miami, surrendered its license. Inter-State Assurance Co., West Des Moines, Iowa, was merged into Protective Life insurance Co. in July. Investors Life Insurance Company of Indiana, Indianapolis, was merged into Investors Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Keyport Benefit Life Insurance Co., Purchase, N.Y was merged into Sun Life Insurance &Annuity Company of New York. Life USA Insurance Co., Minneapolis, was merged into Allianz Life Insurance Company of North America. Lincoln National Reassurance Co., Fort Wayne Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind., was merged into Swiss Re Life & Health America Inc. during 2003. Manufacturers Life Insurance Company of North America, Wilmington, Del., was merged into manufacturers Life insurance Co. Manulife Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Corp. (U.S.A.), Bloomfield Hills, Mich., was merged into Manufacturers Life Insurance Company USA. Midland Life Insurance Co., Columbus, Ohio, was merged into Reassure America Life Insurance Co. in January. Northern Life Insurance Co., Seattle, was merged into ReliaStar Life Insurance Co. Old Line Life Insurance Company of America, Milwaukee, was merged into American General Life Insurance Co.in 2003. Regal Life Insurance Co., Gaithersburg, Md., was merged into Investors Heritage Life Insurance Co. Stonebridge Insurance Co., Milwaukee, was merged into J.C. Penney Life Insurance Co. Swiss-Am Reassurance Co., Wilmington, Del., was merged into Swiss Re Life & Health America Inc. Transamerica Insurance Corp., Cedar Rapids, Iowa, was dissolved. Unilife Insurance Co., Phoenix, was merged into Compbenefits Insurance Co. Westwood Life Insurance Co., Phoenix, was dissolved. White River Valley Insurance Co., Batesville, Ark., was merged into Citizens Fidelity Insurance An agreement whereby, for a designated sum of money, one party agrees to guarantee the loyalty and honesty of an agent, officer, or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty or dishonesty of such individuals. Co. Name Changes Aetna Insurance Company of America, Tampa, Fla., changed its name to ING Insurance Company of America. Aetna Life Insurance Company of America, Hartford, Conn., changed its name to ING Life Insurance Company of America. Aid Association for Lutherans, Appleton, Wis., changed its name to Thrivent Financial for Lutherans Thrivent Financial for Lutherans (first word pronounced "THRIVE-int" — or more precisely, alluding to contractions, "thrive—n't"; IPA pronunciation: /ˈθɹaɪvɘnt/ . American General Annuity Insurance Co., Amarillo, Texas, changed its name to AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Annuity Insurance Co. Anchor National Life Insurance Co., Phoenix, changed its name to AIG SunAmerica Life Assurance Co. CGU CGU Conditions Générales d'Utilisation (French) CGU Claremont Graduate University (Claremont, CA) CGU Chang Gung University (Taiwan) CGU Canadian Geophysical Union Life Insurance Company of America, Wilmington, Del., changed its name to Aviva Life Insurance Co. in 2003. CGU Life Insurance Company of New York, Buffalo, N.Y, changed its name to Aviva Life Insurance Company of New York in 2003. Conseco Direct Life Insurance Co., Philadelphia, changed its name to Colonial Penn Life Insurance Co. First Standard Security Insurance Co., New Castle, Del., changed its name to Independence American Insurance Co. J.C. Penney Life Insurance Co., Rutland, Vt., changed its name to Stonebridge Life Insurance Co. LifeWise, a Premera Health Plan Inc., Portland, Ore., changed its name to LifeWise Health Plan of Oregon Inc. Lincoln National Health & Casualty Insurance Co., Fort Wayne, Ind., changed its name to Fort Wayne Health & Casualty Insurance Co. Lyndon Life Insurance Co., Schaumburg, Ill., changed its name to XL Life Insurance and Annuity Co. Methodist Health Insurance Co., Houston, changed its name to Unicare Health Insurance Company of Texas. Mid-Continent Life Insurance Co., Oklahoma City, changed its name to Mid-Continent Preferred Life Insurance Co. Ministers Life Insurance Co., St. Paul, Minn., changed its name to Securian Life Insurance Co. OakRe Life Insurance Co., Jefferson City, Mo., changed its name to Preservation Life Insurance Co. The Oath--a Health Plan for Alabama Inc., Birmingham, Ala., changed its name to HealthSpring of Alabama Inc. Preferred Life Insurance Company of New York, New York, changed its name to Allianz Life Insurance Company of New York in 2003. Provident Mutual International life Insurance Co., Newark, Del., changed its name to Nationwide Life Insurance Company of Delaware. Provident Mutual Life Insurance Co., Berwyn, Pa., changed its name to Nationwide Life Insurance Company of America. Providentmutual Life and Annuity Company of America, Newark, Del., changed its name to Nationwide Life and Annuity Company of America. Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. Life Insurance Co., East Hartford, Conn., changed its name to Vantis-Life Insurance Co. SBLI SBLI Savings Bank Life Insurance SBLI Stressed But Loving It (UK youth musical theatre society) USA Financial Services Life Insurance Co. Inc., Phoenix, changed its name to S. USA Life Insurance Co. Inc. Trigon Insurance Co., Richmond, Va., changed its name to Anthem Health Plans of Virginia. UDC UDC abbr. universal decimal system UDC (Brit) n abbr (= Urban District Council) → Stadtverwaltung f of Michigan Inc., Novi, Mich., changed its name to United Dental Care of Michigan Inc. Western Diversified Life Insurance Co., Springfield, Ill., changed its name to American Specialty Health Insurance Co. in 2003. Zurich Kemper Life Insurance Company of New York, New York, changed its name to Zurich Life Insurance Company of New York. Redomestications Acacia National Life Insurance Co., Falls Church, Va., was redomesticated from Virginia to the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Allmerica Financial Life Insurance & Annuity Co., Dover, Del., was redomesticated from Delaware to Massachusetts. American Public Life Insurance Co., Jackson, Miss., was redomesticated from Mississippi to Oklahoma. Appalachian Life Insurance Co., Huntington, W. Va., was redomesticated from West Virginia to Ohio. Delta Dental Insurance Co., Oak Brook, Ill., was redomesticated from Illinois to Delaware. John Alden Life Insurance Co., Plymouth, Minn., was redomesticated from Minnesota to Wisconsin. Lyndon Life Insurance Co., St. Louis, was redomesticated from Missouri to Illinois. Mid-Atlantic Vision Service Plan Inc., Columbia, Md., was redomesticated from Maryland to Virginia. United Life & Annuity Insurance Co., Dallas, was redomesticated from Texas to Iowa. Universal Life Insurance Co., Memphis, Tenn., was redomesticared from Tenneasee to Alabama. |
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