Original source: https://www.newsobserver.com/news/business/article231248498.html
All of the time we browse the web everyday to help you to relate to the idea of keeping a Property Damage Adjustment Consultant there to assist you. Take a minute to read this story we located.
Raleigh News & Observer (06/06/19) Eanes, Zachery
North Carolina Mutual Life Insurance Co. is now under”rehabilitation” from the country’s Department of Insurance (DOI), that eliminated the corporation’s leading executives from daily operations and whose officials are now making decisions to the business. The rehabilitation process has been ongoing for several months. The DOI’s general counsel, John Hoomani, claims that the division is”looking for somebody who can infuse sufficient capital to deliver it from rehab such it can keep on operating. Apart from that, we’re unable to offer you any more details at this time.” But he notes that multiple parties have”expressed interest” from North Carolina Mutual and its own assets. The most pressing issue for the insurance company is a loss of a significant amount of assets during a deal with the investment manager, according to a letter DOI sent to policyholders…. Read More
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