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Colonial Life & Accident Insurance Company is an American insurance company based in Columbia, South Carolina. [1] Colonial Life offers disability, accident, life, cancer, critical illness and hospital confinement insurance plans in 49 states. [2] Colonial Life was founded in 1939 by Edwin Averyt and became a wholly owned subsidiary of Unum in ...
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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 ...
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Conseco bought Colonial Penn from Leucadia in 1997, [5] and in 1998 renamed it Conseco Direct Life to reflect Conseco ownership. [6] In 2001, Conseco reverted to the Colonial Penn name, which remains a subsidiary of the renamed CNO Financial Group with Bankers Life and the Washington National Insurance Company .
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Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies [2] and comprises four distinct businesses – Unum US, Unum UK, Unum Poland and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Company. [4]
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