Bloomberg Businessweek Bloomberg News 2020 0116 – Bloomberg Businessweek – Nobody Makes Money Like Apollo’s Ruthless Founder Leon Black:The private equity CEO with a fearsome reputation skates on the edges of other people’s catastrophes and manages to walk away richer., By Caleb Melby and Heather Perlberg – [link] <WishList> – 1981 0914 – See The…

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Best Interest Standards acli.com/Public-Policy/Best-Interest-Standard content.naic.org/cipr_topics/topic_annuity_suitability_best_interest_standard.htm 2018 – SOA – Changing the Retirement Advice Conversation, Society of Actuaries – 5p 2023 0520 – Letter – Barry Flagg / Veralytic to Finseca – 2p I regret to have to resign from Finseca … again, for the following reasons. California Best Interest Rule for insurance products (i.e., CA…

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United Nations  Life insurance policies might normally be held to maturity, but the contract provides a liquidity option—owners can borrow against them. They also have a cash value. Demand deposits are normally held for a long time, but in a panic, they can be withdrawn overnight. 2009 0921 – United Nations – Report of the…

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1992 0623 – GOV (Senate) – Consumer Disclosure of Insurance 1992 0623 – GOV (Senate) – Consumer Disclosure of Insurance, Howard Metzenbaum (D-OH)  —  [BonkNote] [PDF-323p-GooglePlay, VIDEO-?]->Not on govinfo.gov – R ….on concerns relating to the adequacy of financial disclosures made in connection with the purchase of whole life insurance policies. Judy Faucett  1991-1992 – SOA…

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Miles Menander Dawson (MMD) 1889 – Things Agents Should Know: An Intensely Practical Book for Life Insurance Agents 1895 – Principles of Insurance Legislation 1901 – The Development of Insurance Mathematics: Two Lectures Delivered Before the Students in the School of Commerce of the University of Wisconsin, the Fall Term of 1901 1902 – Elements…

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Alan Greenspan 1987-2006 – Chair of the Federal Reserve  Mark Zandi – Book The Greenspan Put Subprime Mortgage FCIC Interview – Weil, Gotschal (sp), Harvey Miller, Bankruptcy Lawyer – ~~ Greenspan – What would be bad about.. fraser.stlouisfed.org///statements-speeches-alan-greenspan Life, automobile, and other insurance sales are virtually riskless and authorizing insurance brokerage sales by banks is…

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Savings and Loans The Crisis arose because the Government extended a 100% Guarantee on most Thrift Deposits without taking commensurate measures to prevent unsound banking practices likely to lead to losses. 1990 – AP – The Savings-and-Loan Crisis Causes and Remedies, by  Dalton Leonard Anderson – 203p During the past decade, the savings and loan crisis and…

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Loans Liquidity – Policy Loans Policy Loan Premium Loan 1982 0612 – Omaha World-Herald Plan Uses Life Insurance Loans – Called ‘Idle Assets’, by Linda Brenners-Stulberg, The Chicago Sun-Times  —  [BonkNote] Life insurance companies are also in danger of a major acceleration of loans on outstanding policies at well below market cost of funds if…

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Life Insurance Company Taxation Government Hearings Pete Stark 1989 – “Final Report to The Congress on Life Insurance Company Taxation”  fraser.stlouisfed.org/title/press-releases-united-states-department-treasury-6111/volume-292-587135 3. Correspondence from the American Council Of Life Insurance <ACLI> concerning proposals for the taxation of life insurance companies. (Attachment One-B) —  Report of the Life & Health Actuarial Task Force to the Technical…

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Systemic Risk – Universal Life Insurance 3.2 Universal life Insurance (p10) – Because of the lowest guaranteed benefits that universal insurance provide, regulators and scholars widely discuss the potential systemic risk posed by universal insurance. 2020 02 – SOA – Systemic Risk in China’s Insurance Industry, Society of Actuaries – 55p Even the creation of a…

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