John Hancock to Re-enter California Individual Long-Term Care Insurance Market
BOSTON, Feb. 1, 2012 /PRNewswire/ -- John Hancock today announced that its individual long-term care insurance would be available in California, beginning February 27, including both its new California ...

Unum Group Reports Fourth Quarter 2011 Results
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum reported a net loss of $425.4 million for 4Q11, due largely to charges following its decision to discontinue sales of group long term care and a reserve charge for ind. disability closed block.

Long-term-care insurance is more expensive than it’s worth for some people
1 Determine if you qualify financially Don’t buy if the out-of-pocket cost for the coverage would be more than you can afford. Consumer Reports advises people that if their net worth, excluding their home, is below $300,000, long-term-care insurance is not a good buy for them. The National Association of Insurance Commissioners also recommends that consumers spend no more than 5 percent of their ...

BB&T Purchases Leading Wholesale Insurance Brokerage
WINSTON-SALEM, N.C., Feb. 3, 2012 /PRNewswire/ -- BB&T Corporation (NYSE: BBT - News) announced today that it has reached an agreement to acquire the life and property and casualty insurance operating divisions ...

BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570 million in cash for Crump Property/Casualty Insurance Services …