Several key ratings for Baltimore, Md.-based OM Financial Life Insurance Co. were lowered as Standard & Poor’s Ratings Services raised concerns about the company’s possible sale.

The parent company of Old Mutual Life Insurance Co. and its subsidiary, OM Financial Life Insurance Co. of New York, said today (March 11) it is considering selling off both companies.

An Indiana securities and insurance broker who apparently tried to fake his own death will spend the next 51 months in federal prison.

Marcus Schrenker, 38, of McCordsville, Ind., was sentenced …  Read →