New York Moves to Take Control of Columbian Mutual Life
July 16, 2024 by Allison Bell
New York State Financial Services Superintendent Adrienne Harris is seeking state court approval to put Columbian Mutual Life Insurance Co. in rehabilitation.
The Vestal, New York-based life insurer was founded in 1882, still has about 700,000 life insurance policies and annuity contracts in force, and, in December 2022, estimated that it had received life insurance claims for about 0.5% of the 1 million Americans who had died from COVID-19.
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Originally Posted at Think Advisor on July 15, 2024 by Allison Bell.
Categories: Industry Articles