Magazine

Table: Heat from All Over


The union-owned insurer is under multiple investigations for a stock scandal involving top officers and directors:

A federal grand jury has subpoenaed ULLICO directors

Several congressional committees have demanded material from ULLICO

The Maryland Insurance Administration is probing the company's fitness to sell insurance

PricewaterhouseCoopers is due to issue a 2002 audit that's expected to question ULLICO's ability to continue as a going concern

The Labor Dept. and the SEC are investigating possible violations of labor and corporate law

A group of disaffected ULLICO directors has asked Georgine to resign and threatens to file a proxy resolution for his removal at the May annual meeting if he refuses


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