Protective Life A Major Campaign Finance Player - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Life Insurance News
Newswires RSS Get our newsletter
Order Prints
July 5, 2014 Newswires
Share
Share
Post
Email

Protective Life A Major Campaign Finance Player

Tim Steere, The Anniston Star, Ala.
By Tim Steere, The Anniston Star, Ala.
McClatchy-Tribune Information Services

July 05--A Birmingham life insurance corporation has contributed more than $600,000 to political campaigns at the state and federal level, mostly to incumbent candidates, according to public documents filed with the Alabama Secretary of State's office in Montgomery.

Protective Life Corporation donated more than a half million dollars to statewide political campaigns, rendering it one of the top corporate campaign donors, behind Drummond Company and Alabama Power. The insurance company has also donated nearly $90,000 to federal lawmakers over the current election cycle.

Politicians on both sides of the political spectrum have received contributions from Protective Life, the company's donations most recently being made in the form of multiple $10,000 payments to political action committees established by the Montgomery lobbying firm Fine Geddie and Associates. According to political scientists, the company is trying to buy influence in Montgomery and Washington.

"There's something they're interested in," said Bill Stewart, professor emeritus of political science at the University of Alabama. "What that is, I don't know. Somewhere down the road, there's going to come a bill or they will try to get passed or resist a bill and keep it from coming out of committee. The earlier you can get something started, the better."

Jess Brown, professor of political science at Athens State University, likened Protective Life's breadth of contributions to manuring a garden.

"You have to make sure you spread it around," Brown said. "Otherwise it will burn the ground and nothing would grow."

Of Fine Geddie and Associates' 11 political action committees, 10 are dedicated to supporting candidates with pro-industry and pro-development philosophies.

"We've always had 11 PACs," said Bob Geddie, founder of Fine Geddie and Associates. "The primary reason we haven't closed any out is because you can't transfer funds from one to another."

Geddie estimates that his company has represented Protective Life for 10 to 15 years. Multiple attempts to reach representatives of Protective Lifethis week were unsuccessful.

Brown said, however, that the explanation for multiple political action committees comes down to more than traditional practices.

"In Alabama, we allow lobbyists to create PACs and there's no limit on the number they can create," said Brown. "It's one of the many elements of Alabama campaign finance laws that allow you to partially camouflage campaign finance contributions."

In addition to Protective Life's political action committeedonations, the company has given $26,500 directly to Gov. Robert Bentley's campaign and $15,000 to Alabama Attorney General Luther Strange.

"We all know that money is the mother's milk of politics," said Glen Browder, professor emeritus of American democracy and political science at Jacksonville State University. "What they do is they make sure that those candidates know who they are and if they ever need to talk with them about an issue, then they have to take that call."

On the federal level, Protective Life has donated to the campaigns of many members of Alabama's congressional delegation. It has also given money to members of the House Committee on Financial Services, including Rep. Jeb Hensarling, R-Texas, the committee's chair and Rep. Shelley Capito, R-W.Va., the chair of the Financial Institutions and Consumer Credit subcommittee.

"The more money you've got and the more your destiny is impacted by the public policy process, then the more likely you are to be spreading a lot of money around," said Browder. "I am convinced that you cannot control money in politics. It's like water. Once the water starts coming, you can patch your basement all you want, but the water will still find a way in."

___

(c)2014 The Anniston Star (Anniston, Ala.)

Visit The Anniston Star (Anniston, Ala.) at www.annistonstar.com

Distributed by MCT Information Services

Wordcount:  607

 

Older

Teen lost hand, sight in one eye in campfire accident

Advisor News

  • Why aligning wealth and protection strategies will define 2026 planning
  • Finseca and IAQFP announce merger
  • More than half of recent retirees regret how they saved
  • Tech group seeks additional context addressing AI risks in CSF 2.0 draft profile connecting frameworks
  • How to discuss higher deductibles without losing client trust
More Advisor News

Annuity News

  • Allianz Life Launches Fixed Index Annuity Content on Interactive Tool
  • Great-West Life & Annuity Insurance Company Trademark Application for “SMART WEIGHTING” Filed: Great-West Life & Annuity Insurance Company
  • Somerset Re Appoints New Chief Financial Officer and Chief Legal Officer as Firm Builds on Record-Setting Year
  • Indexing the industry for IULs and annuities
  • United Heritage Life Insurance Company goes live on Equisoft’s cloud-based policy administration system
More Annuity News

Health/Employee Benefits News

  • My Spin: The healthcare election
  • COLUMN: Working to lower the cost of care for Kentucky families
  • Is cost of health care top election issue?
  • Indiana to bid $68 billion in Medicaid contracts this summer
  • NFIB NEW MEXICO CHAMPIONS SMALL BUSINESS REFORMS TO ADDRESS RISING HEALTH INSURANCE COSTS
More Health/Employee Benefits News

Life Insurance News

  • Outlook 2026: With recent offerings, life insurance goes high-tech
  • Pioneering businessman, political and social leader Mack Hannah Jr., remembered
  • Allianz Life Launches Fixed Index Annuity Content on Interactive Tool
  • AM Best Affirms Credit Ratings of Orion Reinsurance (Bermuda) Ltd.
  • AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Prosperity Life Group Appoints Nick Volpe as Chief Technology Officer
  • Prosperity Life Group appoints industry veteran Rona Guymon as President, Retail Life and Annuity
  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
  • Buckner Insurance Names Greg Taylor President of Idaho
  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet