Archive for July 2021
Gary Gorton
Gary Gorton Q: How Much Was Gary Gorton Involved With The AIGFP MultiSector CDS Business? Economist Yale AIGFP 2009 – AP – Securitized Banking and the Run on Repo, Gary Gorton – 65p 2010 0227 – FCIC – Forum to Explore the Causes of the Financial Crisis, American University Washington College of Law, Washington, DC…
Read MoreAndrew Forster – AIG
Andrew Forster – AIG 2010 0623 – Andrew Forster – AIGFP – FCIC Interview – mp3 2010 0701 – GOV – 2008 Financial Crisis and Derivatives, Day 2, Executives Panel Testimony of Executive Vice President of AIG Andrew Forster, Before the FCIC – 4p 2005-07-21 Email from Forster re Topics to discuss AIGFCIC00145574_1.pdf 2007-08-02 Email…
Read MoreESG – Economic Scenario Generator
ESG – Economic Scenario Generator Academy’s Economic Scenario Generator Work Group 16. Discussed the ESG Implementation Timeline and Overview of Treasury Model Pat Allison (NAIC) reviewed the implementation timeline for the economic scenario generator (ESG) (Attachment TwentyFive). She noted that the first three milestones have been completed and reminded the audience that the presentation given to the…
Read MoreQ: Does a Term policy have Cash Value?
Q: Does a Term Policy Have Cash Value? Let us look at the question of splitting a life policy into its term and savings elements as an example of injecting the consumer’s viewpoint into the current “great debate.” Let us assume that a customer wishes to buy insurance protection for a ten-year period and wants…
Read MoreGovernment Hearings – 2006
Government Hearings – 2006 2006 0612 – GOV (House) – Commercial Insurance Modernization 2006 0620 – GOV (Senate) – The McCarran-Ferguson Act: Implications of Repealing the Insurers’ Antitrust Exemption, Arlen Specter (D/R/D-PA) [PDF-160p, VIDEO-Bad Link-judiciary.senate.gov/committee-activity/hearings/the-mccarran-ferguson-act-implications-of-repealing-the-insurers-antitrust-exemption – <mp3, mp4> – R S. Hrg. 109-557, CFA – J. Robert Hunter, Insurance Director, Consumer Federation of America, Washington,…
Read MoreGeneral Accounts
General Accounts 1983 – SOA – Segmentation of Insurance Company General Accounts, Society of Actuaries – 38p New Money / Portfolio Money Investment Generation Method 5. A general account is a design feature that is generally available to purchasers of whole or universal life insurance whereby the general assets of the insurance company support the…
Read MoreModified Premium Whole Life
Modified Premium Whole Life Out of curiosity, I examined Conning and Company’s printed studies on twenty-two large stock life insurance companies … Among those companies showing a more rapid growth in the whole life and endowment account, I found the following changes had transpired between 1961 and 1966: (2) modified premium whole life policy had…
Read MoreRobert Mehr
Robert I. Mehr 1961 – Book – Modern Life Insurance, by Robert I. Mehr 1975 – AP – The Concept of the Level-Premium Whole Life Policy Reexamined, by Robert I. Mehr – 14p 1984 – Book – Life Insurance: Theory and Practice, by Robert I. Mehr 1994 – Book – Insurance, Risk Management, and Public…
Read MoreQ: Who Ultimately Pays?
Q: Who Ultimately Pays? Q: Guaranty Fund – Who Pays? Lawsuits 1995 1113 – Senate Agenda – [VIDEO-CSPAN] Harry Hohn of the American Council of Life Insurance, talked about goals for insurance companies. They want to limit punitive damage awards for all classes of defendants. The cost of these outrageous awards are always passed onto…
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