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The Standard covers 8.5 million people (June 30, 2008) in the USA through and out of above 30,000 employers with group and individual disability insurance, group life, AD&D and dental insurance, retirement plans products and services, individual annuities. It is licensed in 49 states and Washington, DC.
StanCorp's Standard Insurance purchased part of Teachers Insurance and Annuity Association (TIAA) group life and disability portfolio in 2002 for $75 million. [ 6 ] In May 2004, Ron Timpe was succeeded by CEO Eric Parsons as the company's chairman of the board of directors.
Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million. [12] In September 2014, Standard Life agreed to sell its Canadian operations to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation. [13] It completed this sale on 30 January 2015 for a cash consideration of C$4 ...
Sun Life provides Group Life, Disability, Dental, and Medical Stop-Loss insurance to over 33,000 U.S. customers, protecting over 10 million employees and their dependents, with $2 billion of in ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Unum UK entered the dental insurance market with acquisitions of National Dental Plan, then Starmount Life, in 2015 and 2016, respectively. [25] As of December 2016, Unum had 9,400 full-time employees and annual revenues of $11.047 billion.
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