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Globe Life, based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A (Excellent) Financial Strength Rating as of June 2020. [2] Globe Life and Accident Insurance Company has executive offices in Oklahoma City and McKinney, TX and is a subsidiary of Globe Life .
On April 11, 2024, Globe Life's share price experienced its biggest single-day decline, falling by 53.14% from $104.93 to $49.17. [14] This came after Fuzzy Panda Research, which had taken a short position on the company, alleged that Globe Life committed numerous instances of insurance fraud, allegations which Globe Life rejected. [15]
In 2019, Globe Life Insurance Company of New York was fined by the Department of Financial Services in the state of New York for improperly denying benefits to policyholders. This was under Liverpool life insurance which was a brand of Torchmark Corporation which was a subsidiary and the previous name of Globe Life. [ 5 ]
Co-Chairman & CEO of Globe Life Inc (30-Year Financial, Insider Trades) Gary L Coleman (insider trades) sold 12,000 shares of GL on 03/17/2021 at an average price of $100.96 a share.
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Globe Life Liberty National Division (formerly Liberty National Life Insurance) is an American insurance company that is a provider of life and supplemental health insurance. It provides individual coverage through home and workplace sales. The company is headquartered McKinney, Texas and is licensed in 49 states and is a subsidiary of Globe Life.
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 ...