DBL/Disability
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MINEOLA, N.Y., February 12 – Combined DBL Resources Ltd. and Complete Accident and Health Agency, two intermediaries of Statutory Disability insurance, have merged their firms. The combined entity will be located at Combined DBLs office at 365 Willis Avenue in Mineola. Richard B. Lewis, president of Combined DBL, said that all personnel are located at this address, and that all telephone numbers will remain in use.
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BOSTON, Mass., November 28 – OneBeacon Insurance Group has announced that it will enter the group Accidental Death & Dismemberment market. The company is targeting product availability by mid-2007.
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ALBANY, N.Y., January 9 – National insurance company Universal Life Resources (ULR) and its president and CEO Douglas Cox will pay $2 million in restitution to policyholders in order to resolve allegation of fraud and anti-competitive practices brought by New York State Attorney General Eliot Spitzer and Insurance Department Superintendent Howard Mills. The San Diego, California-based consulting firm, which specializes in life, accident and disability benefits, will also adopt new business practices and fees to avoid future conflicts of interest.
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