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Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation

By Hope Patti ( January 28, 2026, 9:29 PM EST) -- An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits....

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