Vantis Life Insurance Company is offering policy holders and applicants more flexibility following the disruption caused by Hurricane Sandy.
The company will extend the time policyholders have to make premium payments, will allow the underwriting of cases to continue past their traditional withdrawal date and will not penalize new customers who have checks or electronic funds transfer payments returned for insufficient funds. Notices of these changes will be posted on the company’s web site. These provisions will be in effect through November 30, 2012, but will be reviewed at that time for potential extension.
Towers Watson (NYSE, NASDAQ: TW), completed its acquisition of DaVinci Consulting Group, a boutique actuarial consulting firm that specializes in the long-term care insurance market. The company had previously announced its intent to acquire the DaVinci business in October.
DaVinci’s principals and consulting staff have joined the life practice within Towers Watson and will be based in the Philadelphia area. Vince Bodnar, principal and co-founder of DaVinci, will lead the long-term care business. The deal is not expected to materially change Towers Watson’s financial results for the fiscal year.