We're a global health service company. API. We are a health insurance company that acts as a broker for a select variety of health insurance plans and carriers. In 1984, First Deposit was sold to the Kentucky insurance company Capital Holding, later renamed Providian. Over the next 20 years, Commonwealth's business experienced both peaks and valleys. Flexible payment plans In conjunction with the San Francisco district attorney's office, the Office of the Comptroller of the Currency (OCC) launched an investigation of Providian. Based in Burlingame, California, GetSmart was an Internet service that matched consumers with loan products, including credit cards, mortgages, auto and student loans, debt consolidation, and business financing. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. It specialized in providing annuities, long-term care insurance, and life insurance policies to its customers. In addition to providing Capital with a business that fit its existing operations, National Liberty offered an efficient marketing system with the capability to improve both sales productivity and customer service. Capital Holding and its subsidiaries continued to grow in the early 1990s. Be the first to review! insurance underwriting services in the field of life and health insurance. Domiciliary State: Virginia Providian Insurance Company is a leading provider of specialized insurance and risk management services for businesses in the United States. These benefits can be fixed or decrease over the term of the policy depending on the type of policy purchased. Beneficial Life. The rate quotes you will receive, the histories and ratings of each provider, and how well they meet your needs will guide your decision. Born in Bombay, India, Mehta was a mathematical genius who had been hired away from Cleveland Trust Company. Peoples Benefit Services, Inc. is an affiliated marketing corporation which markets Peoples Prescription Plan on television and through direct mail. All Rights Reserved. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. Despite a healthy economy, which enhanced the market potential for insurance, the lack of available staff to cover sales territories placed the company's expansion strategy on indefinite hold. After much consideration, the company embarked upon a plan to form a holding company. With their commitment to customer service and quality coverage, its no wonder why Providian Life And Health Insurance Company is one of the leading providers in its field. What are the qualities of an accurate map? All officers were required to take a salary reduction; unnecessary lights were to be turned off, and clerks were expected to use pencils until they were too short to be held comfortably. Providian Life And Health Affordable Health Insurance For Individuals, The Self Employed and their Families, T (303)-541-9533 To maintain the company's spectacular growth, which had been fueled in large part by the interest and fee income garnered from Providian's subprime customers, Mehta began seeking out more and more subprime customers. Millennial Downfall and Attempt at Turnaround. As of late 2002, the company had more than 13 million customer accounts and $20 billion in managed receivables. With their commitment to providing quality protection for individuals and families across the United States, Monumental Life Insurance Company is an excellent choice for those looking for reliable coverage at an affordable rate. Credit Card Firm Admits Billing Errors,". It grew to become one of the largest insurers in the United States before facing financial difficulties in 2000. I put, What type of attorney do I speak with to find information on a life. Serial Number: You should add one! Do Eric benet and Lisa bonet have a child together? When the rider coverage is combined with the accidental death and injury policy, the plan will provide benefits in the event of accidental death, accidental injury, loss of vision and or limb, out-patient services, hospital stays, and ambulatory services. In addition to life and health insurance policies, they also offer services such as retirement planning options, financial education programs and more. The meteorically rising Providian Financial began to falter in mid-1999 when charges of unfair business practices started to proliferate. Preferred listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. Johnson's death in 1936 touched off a power struggle on the board of directors that ended in the election of Homer Ward Batson as the company's next president. Empire's chairman sought the merger to resolve an ongoing conflict between two of its executives who were also his sons-in-law. The companies joined forces on October 31, 1963, under the Commonwealth banner. Peoples Benefit Life Insurance Company is a leading provider of life insurance and annuity products. In 1984, Capital purchased San Francisco-based First Deposit Corporation from Parker Pen Corporation for $10 million. Together. To provide stronger control over Commonwealth's future financial operations, however, the state's insurance commissioner required the company to submit all loan applications for more than $20,000 to both the insurance commission of Kentucky and that of the state in which the loan was to be made. WebPROVIDIAN LIFE AND HEALTH INSURANCE COMPANY in West Virginia | Info Company Information Sponsored Links Company Contacts SUSAN E. MARTIN Agent 20 Moores Road Frazer, PA 19355 Reviews Write Review There are no reviews yet for this company. WebLife Inc Health Insurance Insurance Website 30 YEARS IN BUSINESS (973) 376-4242 150 N Radnor Chester Rd Radnor, PA 19087 From Business: Emtec provides technology Simons died in August 1988 and was succeeded as chairman and CEO of Capital Holding by Irving W. Bailey II. The Cancer Expense plan provides benefits that are paid directly to the policy holder and covers specific expenses that occur when a patient needs cancer treatment. All other marks contained herein are the property of their respective owners. There were now 12 million Providian cardholders. BBB reports on known marketplace practices. Health Insurance That Covers Ulcerative Colitis, How to Get a Replacement Health Insurance Card, Blue Cross Blue Shield vs United Healthcare. By considering the information on Providian Health Insurance Company below, along with that of other insurers, you can make the best choice possible. Their experienced team of agents provide comprehensive advice to help customers find the best plan to fit their needs. These suits clouded the company's future, but the turnaround seemed to be proceeding apace, particularly given that there had been much speculation in late 2001 that the company would be sold or would be forced into bankruptcy. The company also sold or shut down several call centers and offices. This latter type of insurance policy was called industrial, or weekly premium debit, insurance because the insurance agent collected the premiums in person, every week. Stuart R. Pollak of the Superior Court of California, the City and County of San Francisco, granted final approval to a settlement agreement in the case, and certified a settlement class. BBB reports on known marketplace practices. In early 1999, as part of a drive into electronic commerce, Providian purchased GetSmart for $33 million. Pricing. This duration is called a term. [1][2] When Providian's insurance operations were acquired by Aegon, Providian's credit card business was spun off as a separate company.[3]. and the agents who may contact you are not affiliated with or sanctioned by the U.S. Government or the federal Medicare program. By 1954, the Korean War had given way to a recession that forced Commonwealth to curtail its ambitious expansion plans and focus instead on maintaining its field sales force. The settlement required Providian to pay over $100 million in cash, credits, and other benefits to the class, and to stop certain practices that were at issue in the class actions. The fastest growth, however, continued to come from First Deposit, which by late 1993 ranked as the 14th largest bank credit card lender, with 1.5 million customer accounts and $4 billion in card balances. Aegon USA, Inc. provides accident, cancer and life insurance through Monumental Life Insurance. In an affordable and personalized way, we are here to protect you today from what could happen tomorrow. The operations and sales force of this New Orleans, Louisiana-based organization were later integrated with those of Commonwealth, paving the way for the company's entry into the Louisiana market. WebPROVIDIAN LIFE & HEALTH INSURANCE CO. in Valley forge is a company that specializes in Life Insurance. Providians products include term, whole life, disability, long-term care, annuities, accidental death & dismemberment coverage as well as critical illness policies. In 1958, Boyd became chairman and was succeeded as president and chief executive by William H. Abell, who had previously served the company as general counsel and a member of the board. Jettisoning Insurance to Focus on Credit Cards in the Late 1990s. At Anthem Blue Cross and Blue Shield, we offer health insurance plans designed specifically for individuals and families. Ultimately this led to Providian Life & Health ceasing operations entirely by 2002. Over the next year, Saunders led a wide-ranging turnaround effort. Providian Health Insurance Company sold their operations to Aegon USA, Inc. in September of 2009. Resources. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. WebCompany Details NAIC Number: 63266 An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? About. In 1987, as it strengthened its hold on the moderate-income segment of the marketplace, the company sold its Georgia International Life Insurance Company subsidiary, which focused primarily on higher-income households. Aggressive expansion into other states proved to be more difficult than originally anticipated because the company's contacts, particularly among local bankers, were not as strong as in its home state. With years of experience providing life security for families across North America, LICNA stands out as a leader in the industry. The insurance business was becoming increasingly competitive, with many firms using the success of a particular product in one state as a springboard to marketing in another location. Growth continued in the 1950s with only a minor disruption caused by the Korean War. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. Forge, PA 19493. As the economy recovered, competition in the life insurance market intensified and Commonwealth introduced a new family coverage policy. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Under Simons, the company had introduced such products as burial policies for people with annual incomes under $15,000, life insurance policies for people making between $15,000 and $25,000, and insurance policies specifically developed for veterans.
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