On July 23, 2015, Meiji Yasuda, a Japanese mutual insurance group, made an offer to purchase Stancorp Financial for $5 billion.
[2] The Standard covers 8.5 million people (June 30, 2008) in the USA through and out of above 30,000 employers with group and individual disability insurance, group life, AD&D and dental insurance, retirement plans products and services, individual annuities.
On February 24, 1906 Leo Samuel, a German immigrant, founded the Oregon Life Insurance Company.
In 2016, Standard Insurance settled a 2012 class action lawsuit in federal court naming Standard Insurance and New Mexico’s General Services Division as defendants in response to denied claims after the death of the covered employee.
The settlement of $2.4 million provides between $5.06 - $42.05 to the 74,505 public employees who paid for life insurance coverage through their state employment.