Word: kemp
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Dates: during 1930-1939
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...Kemp and his orchestra are on the stage and also the usual number of semi vaudeville acts. Don't miss the man who rides the trick hicycle
...care until reorganization could be worked out. In the same breath, a new company called Pacific Mutual Life Insurance Co. (i.e., without the "of California") was formed to take over its predecessor's business under a management headed by old Pacific Mutual's President Alexander Nesbitt Kemp. No sooner had Messrs, Carpenter and Kemp announced details of their reorganization plan than wrathful stock and policyholders, created the biggest hue & cry California business had heard in some time...
Apparent object of the Kemp-Carpenter reorganization plan was to get Pacific Mutual out from under its disability obligations. All other types of policies were immediately reinsured by the new company at the original rates, but the holders of noncancelable disability policies were told they had only two alternatives: 1) to file a claim with the California Insurance Commissioner or 2) to reinsure their policies in the new company at the original rates and accept benefit reductions ranging up to 80%. However claims now being paid under these policies would not be affected by the change...
...Mutual's old management. Promptly to bat went four officers and directors of old Pacific Mutual, including 73-year-old George Ira Cochran, president of the company for 30 years until last autumn when he was moved to the chairman's seat to make room for President Kemp. In a complaint to set aside the reorganization, they accused Commissioner Carpenter of inexperience, charged that he had sprung the reorganization on them without due warning. Next move of Commissioner Carpenter was to file a $511,650 suit for misuse of Pacific Mutual funds against Complainant Cochran and seven...
...President Lincoln entered Metropolitan as general attorney in 1918. The same progression occurred in Connecticut General Life, where Frazar B. Wilde was promoted from a vice-presidency after Robert Watkinson Huntington was made chairman. In Pacific Mutual President George Ira Cochran took the chairmanship, being succeeded by Alexander Nesbitt Kemp. Security Mutual Life of Binghamton, N. Y. picked Frederick D. Russell as president to succeed David S. Dickinson, who resigned. Carl L. Odell succeeded Gilbert E. Humphreys as president of Hercules Life, Sears, Roebuck's mail order company. Sears's Lessing Rosenwald is still chairman...