- Life insurance payouts at issue in prosecution of Ponzi schemer’s wife
- Date posted: June 30th, 2010 10:10 AM
- The widow of David Colwell, a Cincinnati-area man accused of being one of the masterminds behind a multi-million-dollar pyramid scheme that bilked dozens of local residents, is being taken to court by federal prosecutors, who say that some life insurance payouts and other funds given to her in Colwell's will were the result of fraud and should be returned to the victims, according to the Cincinnati Enquirer.Full Story »
- Category: Industry News, Life Insurance
- Governments facing life insurance increases
- Date posted: June 21st, 2010 10:10 AM
- With more towns and counties dealing with tight budgets, one of the biggest changes local governments are making is to employees' life insurance policies.
One such instance of these changes is in Coshocton County, Ohio, where the cost of health and life insurance is expected to rise to 12 percent for 2011, according to the Coshocton Tribune. This increase is compared with a 3 percent rise over the last three years, said one county official, who noted that the increase isn't due to increased premiums, but rather an increase in the number of employees and former employees not paying into the system.
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- Category: Life Insurance, More news
- Life insurance benefit back for some Ohio school retirees
- Date posted: June 15th, 2010 3:03 PM
- An Ohio school placed a cap on life insurance, but will not be canceling life insurance policies for 239 disabled retirees, reports the Akron Beacon Journal.
The Akron, Ohio school will offer life insurance policies with a death benefit that will not exceed $40,000, according to the Journal. Retirees will receive 125 percent of their annual pay if the payout is less than $40,000.
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- Category: Life Insurance, More news, Top Headlines, Videos