Over the past few years, CUNA Mutual Group has focused on bolstering a number of areas to weather the most recent financial crisis.
CUMIS Insurance Society’s and Producers Agriculture Insurance Co.’s financial strength ratings both now have "A" ratings from A.M. Best.
Now you have it, now you do not. Puzzlement has percolated on the part of some in the industry over the insistence by the NCUA that indemnification and coverage of legal fees incurred by the onetime WesCorp officers it is suing are not owed. That is, the defendants (now down...
Federal court in New Jersey had ruled in favor of credit union in suit over fraud loss coverage.
New Jersey case involved a CUMIS fidelity bond and whether fraud committed by two mortgage companies impacted coverage.
While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firm’s parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.
CUNA Mutual Insurance Society has completed its reorganization to a mutual insurance holding company structure, according to CUNA Mutual Group.
CUNA Mutual Insurance Society, CUMIS Insurance Society and MEMBERS Life Insurance Co., have filed suit against RBS Securities Inc. claiming that the firm made false representations of its offering documents at the time that more than a dozen residential mortgage-backed securities were purchased by the three plaintiffs.
At its Sept. 7 annual policyholders meeting Sept.7 CUNA Mutual Group said 93% of them approved a new mutual ownership structure for the company.
Conversion will be from mutual insurance company to mutual insurance holding company if Iowa insurance commissioner approves.