Due to severe flooding in Illinois, the Illinois Department of Insurance (DOI) has issued Company Bulletin 2017-03. This bulletin requests that insurance carriers issue a 60-day moratorium for the cancellation or nonrenewal of any insurance policy for customers affected by the severe weather. The moratorium will be applied retroactively to July 12... Full Article
New York, NY - May 11, 2016 – We are pleased to announce that A.M. Best has initiated its coverage of Prosperity Life Insurance Group, LLC (“Prosperity” or “Company”) by assigning a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to members of the Prosperity Life Insurance Group SBLI USA Life Insurance Company,... Full Article
New York, NY – October 9, 2014 – Prosperity Life Insurance Group, LLC (“Prosperity”) and SBLI USA Life Insurance Company, Inc. (“SBLI USA”) today announced that they have completed their previously disclosed transaction under which Prosperity has acquired SBLI USA through a sponsored demutualization. Following the completion of this transaction,... Full Article
ROANOKE, VA -  May 28, 2014 /PRNewswire/ -- Prosperity Life Insurance Group's board of directors has appointed Anurag Chandra as Prosperity's Chief Executive Officer. "Anurag is one of the rising stars in the life, annuity and health insurance industry, and we are proud that he is joining Prosperity at this exciting time in our development,"... Full Article