Podcast Center
Video Center
Webcasts
Resource Center
Events
July 12, 2001 at 08:00 PM
NU Online News Service, July 12, 10:53 a.m. – Prudential Insurance Company of America, Newark, N.J., says the period for policyholders to vote on its proposed charter change will end July 31.
Prudential, a policyholder-owned mutual insurer, is trying to become a shareholder-owned stock company.
Prudential has offered to pay its policyholders the full value of the company in the form of stock, cash and policy credits, to compensate them for their loss of control over the company.
Prudential estimates it has mailed demutualization ballots and information packets to 10% of all U.S. households.
