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By BlogUser5 on

BIRMINGHAM, Ala. – December 1, 2016 -- Protective Life Corporation (NYSE: PL) (“Protective”) has announced that on December 1, 2016 its principal subsidiary, Protective Life Insurance Company (“Protective Life”), completed the acquisition of the Pompano Beach, Florida-based USWC Holding Company (“US Warranty”) via a stock purchase agreement. US Warranty, through its affiliated operating subsidiaries, including United States Warranty Corp., markets vehicle service contracts, GAP coverage and a suite of ancillary automotive maintenance and protection products nationwide. The transaction was originally announced on August 18, 2016.


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By BlogUser5 on

CHESTERFIELD, Mo. – November 16, 2016 – Protective Asset Protection has launched its new Powertrain Warranty for Life program. This new limited warranty program plays an important role in Protective Asset Protection’s growing presence in the independent auto dealership market. This new program is designed as a dealer obligor warranty for independent auto dealers, but will also be available to franchise auto dealers that wish to utilize this unique powertrain limited warranty.


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By BlogUser5 on

BIRMINGHAM, Ala.—August 18, 2016 -- Protective Life Corporation (“Protective”) has reached an agreement through its wholly owned subsidiary, Protective Life Insurance Company, to acquire the Pompano Beach, Florida-based USWC Holding Company and its affiliated operating subsidiaries (“USWC” or “Company”) via a stock purchase agreement (the “Acquisition”). The Acquisition is subject to receipt of standard regulatory approvals and satisfaction of customary closing conditions.

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By BlogUser5 on

CHESTERFIELD, Mo. – June 1, 2016 – Protective Asset Protection has been voted the 2016 Dealers’ Choice Platinum Vehicle Service Contract provider by automotive dealership personnel as part of the annual awards by industry trade publication, Auto Dealer Today. The Dealers’ Choice Awards recognize the automotive industry’s leading product and service providers. Voting is exclusive to dealers and dealership personnel.

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By BlogUser5 on

CHESTERFIELD, Mo. – June 24, 2015 – Protective Asset Protection has been voted the 2015 Dealers’ Choice Platinum Vehicle Service Contract provider by automotive dealership personnel as part of the annual awards by industry trade publication, Auto Dealer Monthly. The Dealers’ Choice Awards recognize the automotive industry’s leading product and service providers. Voting is exclusive to dealers and dealership personnel.


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By BlogUser5 on

CHESTERFIELD, Mo. – March 4, 2015 – Protective Asset Protection has launched program enhancements to the XtraRide RV Service Contract Program. These updates represent product improvements that will strengthen Protective Asset Protection’s service contract offering for the RV industry. RV dealers began selling the new program March 1, 2015 in all states except Maryland. Dealers in the state of Maryland can begin selling the enhanced program May 1, 2015.


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By BlogUser5 on

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (NYSE: PL) (“Protective”) today announced the completion of the acquisition of Protective by The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in accordance with the terms of the previously announced Agreement and Plan of Merger dated June 3, 2014, among Protective, Dai-ichi Life and DL Investment (Delaware), Inc., a wholly owned subsidiary of Dai-ichi Life. As a result of the merger, each outstanding share of common stock of Protective was converted into the right to receive $70 per share in cash, and Protective has become a wholly owned subsidiary of Dai-ichi Life. Protective common stock has ceased trading, and will be delisted from the New York Stock Exchange.

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By BlogUser5 on

BIRMINGHAM, Ala. & TOKYO--(BUSINESS WIRE)--Dai-ichi Life Insurance Company, Limited (TSE: 8750) (“Dai-ichi Life”) and Protective Life Corporation (NYSE: PL) (“Protective”) today announced that they have entered into a definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corporation for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion. The transaction consideration represents a 34% premium over Protective's unaffected closing stock price of $52.30 on May 30, 2014.


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By BlogUser5 on

Saint Louis, Missouri— April 29, 2014 — Protective Asset Protection has announced the promotion of Bill Koster to Vice President of Sales – Specialty Products. In his new role, Bill assumes responsibility for sales and distribution of the RV, marine and powersports lines of business

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By BlogUser5 on

Edina, Minnesota – November 4, 2013 – Protective Asset Protection has launched program enhancements to the XtraRide® Powersports Protection Plan. These updates represent product improvements that will strengthen Protective Asset Protection’s service contract offering for the powersports industry.

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