Prudential's Plan of Reorganization Issued.

• Position: Brief Article

The Prudential Insurance Company of America, the carrier that underwrites the various insurance programs sponsored by the AICPA Insurance Trust, recently filed its Plan of Reorganization with the New Jersey Department of Banking and Insurance. The Plan details the company's proposal for converting from a mutual insurer owned by its policyholders to a publicly traded company owned by stockholders. As a Prudential policyholder, the Trust expects to be eligible to receive consideration under Prudential's Plan of Reorganization.

Although the amount and type of consideration -- which could take the form of stock, cash or both -- that will be received by the...