United Prosperity Life Insurance Co. has signed an definitive agreement to buy Shenandoah Life Insurance Co., a Roanoke, Va.-based insurer that has been in receivership over financial concerns since February 2009.

Update: Virginia ends moratorium on Shenandoah Life policy payments

Virginia’s insurance regulators have taken control of Roanoke, Va.-based Shenandoah Life Insurance Co. as the company struggles with finances.

Alfred W. Gross

On Thursday …  Read →