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By Frederick N. Rasmussen, The Baltimore Sun | February 9, 2013
Charles L. Hayes, former secretary and senior vice president of Monumental Life Insurance Co., died Feb. 3 of cancer at the Brookshire Hospice in Hillsborough, N.C. The former Towson resident was 85. Charles Lawton Hayes was born and raised in Cherryville, N.C., where he graduated in 1944 from Lowell High School. After serving in the Navy during the waning days of World War II, Mr. Hayes enrolled at the University of North Carolina at Chapel Hill, where he was a member of Phi Beta Kappa and earned a bachelor's degree in business in 1949.
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NEWS
By Frederick N. Rasmussen, The Baltimore Sun | February 9, 2013
Charles L. Hayes, former secretary and senior vice president of Monumental Life Insurance Co., died Feb. 3 of cancer at the Brookshire Hospice in Hillsborough, N.C. The former Towson resident was 85. Charles Lawton Hayes was born and raised in Cherryville, N.C., where he graduated in 1944 from Lowell High School. After serving in the Navy during the waning days of World War II, Mr. Hayes enrolled at the University of North Carolina at Chapel Hill, where he was a member of Phi Beta Kappa and earned a bachelor's degree in business in 1949.
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BUSINESS
By Bill Atkinson and Bill Atkinson,Sun Staff Writer | August 26, 1995
The Dutch parent of Monumental Life Insurance Co. and Monumental General Insurance Group said it earned $207 million in the second quarter, up 33.5 percent from the same period a year ago.For the first half of the year, Aegon Insurance Group earned $381 million, up 31 percent from a year ago, on revenues of $6.7 billion.The company doesn't break out numbers for its Baltimore operations, but Bob McGraw, treasurer of Aegon USA Inc., said earnings of both companies were higher this year than last.
NEWS
By Edward Gunts, The Baltimore Sun | July 4, 2012
One year after announcing plans to move its headquarters to the former Monumental Life Building at Charles and Chase streets, Chase-Brexton Health Services is about to begin a $25 million renovation to prepare the property for its new use. Chase Brexton cleared a key hurdle last month when Baltimore's Commission for Historical and Architectural Preservation approved its renovation plans, which call for interior spaces to be substantially reconstructed, exterior...
BUSINESS
September 13, 1991
Monumental Life Insurance Co. of Baltimore has been ordered to pay $9.4 million in damages to Capital Holding Corp. of Louisville, Ky., for breaking a 1984 agreement concerning the hiring of insurance agents.The award was made by a three-member arbitration tribunal of the American Arbitration Association."We continue to believe that we did nothing improper," says James O'C. Gentry, vice president and general counsel for Monumental Life. Monumental is considering an appeal, he says.Gentry also notes that the award is much smaller than the more than $100 million in damages that Capital had originally sought.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer Bloomberg Business News contributed to this article | May 10, 1995
Aegon NV, the Dutch insurance company that owns Baltimore-based Monumental Life Insurance Co., said yesterday that its first-quarter earnings rose 11 percent and that it hopes to boost 1995 results by 7 percent to 12 percent for the full year.Overall, profits rose to $174 million from $135 million during the three months ending in March. Revenues were close to $3.7 billion, up from $3.3 billion."The company manages to make good on its promises every time," Hans Pluijgers, an analyst with Bangert, Pontier & Partners, said.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | June 13, 2003
Monumental Life Insurance Co. said yesterday that it has agreed to pay $37 million to more than a half-million black customers because several companies it purchased had engaged in race-based pricing after July 1974, either through lower death benefits or higher policy premiums. It is not known how many Maryland policyholders are eligible to receive an increased benefit. Under the settlement reached with the Maryland Insurance Administration, $5 million of that amount will be set aside to provide benefits to claimants for whom the Baltimore insurer no longer has records, but who come forward.
NEWS
By DAN BERGER | December 2, 1998
House Judiciary Republicans haven't found anything impeach-worthy yet, but they're still fishing.In the belief that nice guys finish last, the Orioles traded Eric Davis in for Albert Belle.Maryland Casualty is Zurich Group. Monumental Life is Aegon. Alex. Brown is Deutsche Bank. You get the idea.Quebecers don't want to secede. They want to keep talking about it.Pub Date: 12/02/98
NEWS
By NICOLE FULLER | April 13, 2009
Paul Bancroft Clifford, a veteran and retired Baltimore insurance executive, died of complications from Alzheimer's disease Thursday at his home in Ocean City. He was 78. He was born in Boston to Stewart H. Clifford, a pediatrician, and Ellinor Burnett Clifford, the daughter of Paul M. Burnett, who was a president of Baltimore-based Monumental Life Insurance Co. It was a family business that he would eventually join, rising to the position of senior vice president. Mr. Clifford graduated from Phillips Academy in Andover, Mass.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | October 24, 1994
The city intends to auction a knot of converted row homes on North Charles Street today to satisfy a delinquent $500,000 mortgage, the first such event in recent history involving an entire commercial block.The six older commercial and apartment buildings stretching from 1204 N. Charles St. to 1301 N. Charles St., which will be sold as a package, are scheduled for auction as the result of a foreclosure suit filed by the city against the Queen Anne-Belvedere Association.The city filed the suit after the association defaulted on a $500,000 mortgage dating back to 1979.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | July 31, 2011
Walid Hajj is happy he followed his instincts and bought an incomplete condo redevelopment in Baltimore's Mount Vernon neighborhood last fall. Within three days of advertising the building's 13 newly redeveloped apartments this month, Hajj had rented all but four. And prospective tenants kept on calling to tour the century-old former school on West Chase Street. While the building's previous owner struggled to sell units amid the housing market downturn, the timing was better for Hajj, a partner in a company that bought the property in October.
NEWS
By Rebekah Brown, The Baltimore Sun | July 1, 2011
Chase Brexton Health Services announced Friday that it has purchased the Monumental Life Building on North Charles Street and plans to move a clinic and its headquarters there as part of an expansion. Tracey Gersh, Brexton's chief program officer, said the move will alleviate growing pains felt in the current locations in Mount Vernon. "We're in three different buildings now, so we keep busting at the seams for more room," Gersh said. The current clinic at Cathedral and Eager streets has gotten busier, with 17,000 patient visits last year and a projected 20,000 visits this year.
NEWS
By NICOLE FULLER | April 13, 2009
Paul Bancroft Clifford, a veteran and retired Baltimore insurance executive, died of complications from Alzheimer's disease Thursday at his home in Ocean City. He was 78. He was born in Boston to Stewart H. Clifford, a pediatrician, and Ellinor Burnett Clifford, the daughter of Paul M. Burnett, who was a president of Baltimore-based Monumental Life Insurance Co. It was a family business that he would eventually join, rising to the position of senior vice president. Mr. Clifford graduated from Phillips Academy in Andover, Mass.
NEWS
By Tyeesha Dixon and Tyeesha Dixon,Sun reporter | June 23, 2008
For three years, John Sankonis and Concetta Comi danced together on camera as teen "committee" members on The Buddy Deane Show. They didn't realize then that years later, they would marry and settle in Cockeysville - and then decades after that, do the same dance moves together in the streets of Baltimore. About 100 people attended the "Oldies Block Party and Buddy Deane Reunion," hosted by Monumental Life Insurance Co. For the event, Biddle Street was blocked off at Chase Street to allow the reunioners - and former local teen celebrities - to do the Madison, the jitterbug and multiplication dance in the street to the sounds of the Temptations, the Clovers and Little Eva. The Buddy Deane Show, which aired during the late 1950s and early 1960s, featured Baltimore teen dancers and musical celebrities.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | June 13, 2003
Monumental Life Insurance Co. said yesterday that it has agreed to pay $37 million to more than a half-million black customers because several companies it purchased had engaged in race-based pricing after July 1974, either through lower death benefits or higher policy premiums. It is not known how many Maryland policyholders are eligible to receive an increased benefit. Under the settlement reached with the Maryland Insurance Administration, $5 million of that amount will be set aside to provide benefits to claimants for whom the Baltimore insurer no longer has records, but who come forward.
NEWS
By Jay Hancock and Bill Atkinson and Jay Hancock and Bill Atkinson,SUN STAFF | February 19, 1999
Aegon NV, a big, Netherlands-based insurer with U.S. headquarters in Baltimore, agreed yesterday to pay $10.8 billion to acquire Transamerica Corp., the San Francisco insurer famous for its pyramid-shaped building.If sealed as planned this summer, the deal would be the second-largest U.S. life insurance marriage in history, behind American International Group Inc.'s $18.2 billion acquisition of SunAmerica Inc. in August, analysts said. It would create the third-biggest U.S. life insurer.Like most big corporate combinations in recent years, this one is driven by chances to trim overlapping costs and employees, and it raises unsettling questions for workers and their communities.
BUSINESS
March 25, 1996
New positionsChristopher J. Kurtzman is McCormick vice presidentMcCormick & Co. announced that Christopher J. Kurtzman has been selected as vice president and treasurer. A certified public accountant, the Ellicott City resident and graduate of the University of Notre Dame joined the Hunt Valley-based spice and flavorings company in 1976.John P. Shobert joins Maryland Consulting GroupMaryland Consulting Group announced that John P. Shobert, a human resources executive, joined the firm as a senior associate.
NEWS
By Tyeesha Dixon and Tyeesha Dixon,Sun reporter | June 23, 2008
For three years, John Sankonis and Concetta Comi danced together on camera as teen "committee" members on The Buddy Deane Show. They didn't realize then that years later, they would marry and settle in Cockeysville - and then decades after that, do the same dance moves together in the streets of Baltimore. About 100 people attended the "Oldies Block Party and Buddy Deane Reunion," hosted by Monumental Life Insurance Co. For the event, Biddle Street was blocked off at Chase Street to allow the reunioners - and former local teen celebrities - to do the Madison, the jitterbug and multiplication dance in the street to the sounds of the Temptations, the Clovers and Little Eva. The Buddy Deane Show, which aired during the late 1950s and early 1960s, featured Baltimore teen dancers and musical celebrities.
NEWS
By DAN BERGER | December 2, 1998
House Judiciary Republicans haven't found anything impeach-worthy yet, but they're still fishing.In the belief that nice guys finish last, the Orioles traded Eric Davis in for Albert Belle.Maryland Casualty is Zurich Group. Monumental Life is Aegon. Alex. Brown is Deutsche Bank. You get the idea.Quebecers don't want to secede. They want to keep talking about it.Pub Date: 12/02/98
NEWS
By From staff reports | September 19, 1997
An agreement was reached yesterday in the $52 million sexual harassment suit brought against Baltimore-based Monumental Life Insurance Co. last year by three women who were recruited into the firm's Top Gun management training program in 1995.The amount of the settlement is confidential, said Emmett McGee, lawyer for Monumental Life. John Singleton, lawyer for the three women -- Wanda Molinary, 30, of Clifton, N.J.; La-Von Lopez, 28, of Pikesville; and Jackie DeGuzman, 28, of Columbia -- also refused to comment about the settlement, as did the plaintiffs.
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