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Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 million. [5] It became Aon in 1987. [5] In 1996, Life of Virginia was acquired by GE Capital. [5] [6 ...
First Colony Life (FCL) was an American life insurance company based in Lynchburg, Virginia that was acquired in 1996 by GE Financial Assurance (a subsidiary of General Electric), and later became Genworth Life and Annuity Insurance Company, a Genworth Financial company in 2007.
The company's name was later changed to the Southern Aid Society of Virginia which was the forerunner of the Southern Aid Life Insurance Company that sold Life insurance. The Company's first President was Z. D. Lewis (1859–1926). [2] The company wrote insurance for industrial life, accident and sick benefits insurance.
The insurance industry in America is easily one of the biggest. After all, the US is one of the only […] Click to skip ahead and jump to the 5 Largest Insurance Companies in the US by Assets.
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 the United States by 1989.
Primerica is the parent company of National Benefit Life Insurance Company, Primerica Life, Peach Re, and Vidalia Re. [9] [12] Primerica acquired e-Telequote in July 2021. [13] [14] The company that would become Primerica was founded in 1981. Primerica had its initial public offering in 2010.
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