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Article: Cleaning up from the Andrew Jackson scandal: state insurance companies return to business as usual. (Andrew Jackson Life Insurance Co.) (Focus: Insurance) (Industry Overview)
- Article from:
- The Mississippi Business Journal
- Article date:
- August 17, 1992
- Author:
CopyrightCOPYRIGHT 1992 Venture Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Though the smoke hasn't completely cleared from the collapse of the Andrew Jackson Group, the salvaging process is well underway.
"We're doing basically three things," said Bob Baines, the deputy liquidator appointed by Insurance Commissioner George Dale.
"We've invited people to bid on the ventures that were associated with Andrew Jackson Casualty Company; we've also sent out bid letters for Andrew Jackson General looking for companies interested in assuming that business. Finally, we are working on a bid package to be mailed out possibly in October to companies who would be interested in assuming the life insurance policies."
As the assets of the ...