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Quote-a-Day Gifts
Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

September 21, 2017
PrintedOwl.com
The National Heritage Life Insurance Company failure of the mid-1990s was reportedly the largest insurance company failure in U.S. history. The National Heritage case resulted in over $450 million in losses. Sixteen defendants were convicted of looting the company including Shaolom Weiss and Keith Pound, who received sentences of 845 years and 700 years respectively.
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