Archive for February 2021
Insolvencies
Insolvencies Failures In the early 1990s, there were a number of large insolvencies — Willis B. Howard Jr., NOLHGA – National Organization of Life and Health Insurance Guaranty Associations 1998 – SOA – Once in a Hundred Years, Society of Actuaries – 22p 1991 0427 – Los Angeles Times – State Allegedly Knew Executive Life Was…
Read MoreBusiness of Insurance
Business of Insurance McCarran-Ferguson Business of Insurance Regulatory Reform Act Dodd-Frank Act Michael McRaith 2022 0908 – GOV (Senate) – Current Issues in Insurance – Brown LC – Pireno Liqudation of Insurance Company Relationship Between Company and Insureds Supreme Court 2010 – Book – Regulating the Business of Insurance in a Federal System, By Joseph F.…
Read MoreRoxani Gillespie
Roxani M. Gillespie 1986-1991 – California Insurance Commissioner September 1990 Actuarial Update 21st Century Insurance Group and an affiliated company, AIG Director since 1998 Partner in…
Read MoreJohn Garamendi
John Garamendi garamendi.house.gov 1991-1995 – California Insurance Commissioner 1995-1998 – U.S. Deputy Secretary of the Interior 2003-2007 – California Insurance Commissioner 2007-2009 – Lieutenant Governor of California 2009-Current – House of Representatives Member ELIC – Executive Life – California 1991 0511 – The Los Angeles Times – Insurance Firm Operations Cut by Garamendi, by Daniel M.…
Read MoreCalifornia
California Life Insurance Guide – [link] Universal Life: The policy can also be structured to operate like term insurance. 1996 0703 – California – Assembly Bill 3234 (Knowles) Hearing Date: July 3, 1996, SENATE COMMITTEE ON INSURANCE, Senator Herschel Rosenthal, Chair – [link] LC – Walker v Life Insurance Company of the Southwest — [BonkNote] DFPI…
Read MoreLeverage
Leverage Walker v Life Insurance Company of the Southwest 3. Leverage in the financial sector. The pandemic stressed the resilience of banks, but they remain well capitalized. Leverage at broker-dealers also remains low. In contrast, measures of leverage at life insurance companies are at post-2008 highs….. (p7) 2020 11 – FRB – Financial stability report…
Read MoreRun on the Life Insurance Company
Run on the Life Insurance Company Run (p47) – Dennis ROSS (R-FL). There hasn’t been a run on life insurance, has there? Are people all of a sudden going to go and cash in their life insurance policies? Because if they are, then our serious consequences for economic structure are way out of line. 2015…
Read MoreCompanies
Companies Companies – Index AIG Baldwin United Conseco EF Hutton Equity Funding Corporation of America Executive Life ELNY – Executive Life of New York Equitable Life The Hartford Life of Virginia John Hancock / Manulife Lincoln Life MassMutual Minnesota Mutual Monarch MetLife New York Life Pacific Life Prudential SunAmerica Mutual Companies New Companies Stock Companies…
Read MoreDOJ – Department of Justice
DOJ – Department of Justice justice.gov/ https://www.justice.gov/usao-ndil/pr/23-defendants-charged-participating-26-million-life-insurance-fraud-scheme 1977 – DOJ – The Pricing and Marketing of Insurance: A Report of the U.S. Department of Justice to the Task Group on Antitrust Immunities – [PDF-372p-GooglePlay] 1977 – DOJ – Report of the U.S. Department of Justice to the Task Group on Antitrust Immunities – [PDF-81p-GooglePlay] 2009 0728…
Read MoreRichard Schweiker
Richard Schweiker 1961-1969 – U.S. Representative (R-PA) 1969-1981 – U.S. Senator (R-PA) 1981-1983 – U.S. Secretary of Health and Human Services 1983-1994 – President of the ACLI (American Council of Life Insurers) 1975-1976 – Member – Church Committee – Select Committee to Study Governmental Operations with Respect to Intelligence Activities Kennedy’s assassination libraries.psu.edu/findingaids/1771.htm congress.gov/member/richard-schweiker/S000159?q={%22congress%22:94}&searchResultViewType=expanded Richard…
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