License Installation failed

I am trying to install Visual COBOL for Visual Studio 2012 on a Windows 8.1 Pro laptop. Everything seemed ok until I try installing my license file. I run the License Manager, browse to the file and click Install and it spins for a long time and then I get an error message:

"Error installing licenses: Error[5]: Cannot talk to the license server on host "127.0.0.1". Server may not be running."

What can I do to fix this?