Archive for November 2022
MetLife – Media
MetLife – Media 1993 1003- Tampa Bay Times – The Mess with MetLife, by Robert Keefe, Times Staff Writer – 1994 0101 – News-Press – [link-Newspapers.com] p11 – MetLife Sales Pitch Turns Sour, New York Daily News – p11 – Company Admits Brochures Misled Potential Investors, New York Daily News 01 Jan 1994, Sat News-Press (Fort…
Read MoreMetLife – Lawsuits
MetLife – Legal Cases 2000 – LC – In re Metlife Demutualization Litigation Court: United States District Court, E.D. New York Date published: Feb 12, 2010 Citations – 00 CV 2258 (E.D.N.Y. Feb. 12, 2010) This case and a related case in New York Supreme Court, Fiala v. Metropolitan Life Ins. Co., Index No. 601181/2000, are…
Read MoreSB – CSPAN
SB – CSPAN 2017 0404 – AFL-CIO President Richard Trumka on Trade and Labor Policy – 2011 0915 – H – Securities Exchange Commission Oversight, Officials 2002 0928 – The Importance of Retirement Savings – Alan Greenspan – National Summit on Retirement Savings 2015 0721 – S – Retirement Adviser Regulations – DOL – Perez…
Read MoreLarry Gorski
Larry Gorski Illinois Insurance Department – Actuary They are complaints about things that we can’t do anything about because the contract might be a universal life type product with nonguaranteed elements, and there is no regulatory framework to deal with those issues. Those complaints just fall by the wayside because there is nothing that can…
Read MoreERISA – Employee Retirement Income Security Act of 1974
ERISA – Employee Retirement Income Security Act of 1974 dol.gov///erisa Pacific Lumber, Executive Life Lockheed, Athene PBGC – Pension Benefit Guaranty Corporation Guaranty Fund 1989 – LC – Firestone Tire & Rubber Co. v. Bruch., No. 87-1054., Supreme Court of United States. 489 U.S. 101 – [link-Google-Scholar] Argued November 30, 1988, Decided February 21, 1989…
Read MoreEuropean Parliament
European Parliament 2015 – European Parliament – Interrelation between financial stability and monetary policy at the current juncture, Monetary Dialogue – 76p 2.5 Negative impact on life insurance companies Conceptual issues Banks’ liabilities generally have shorter maturity than their assets. But life insurance companies are typically characterised by the opposite maturity mismatch. Whenever the liabilities have…
Read MoreICS – IAIS – Documents – Stakeholders
ICS – Insurance Core Principles – IAIS – Documents – Stakeholders 2015 0205 – ManuLife / IAIS – Determination of discount rates for Insurance Capital Standard, IAIS Stakeholder Meeting – 10p Choice of discount rate is among the most important decisions impacting the level and behaviour of the insurance capital metric Beyond deep and liquid markets,…
Read MoreIAIS – Words
IAIS – Acronyms HLA – Higher Loss Absorbency PLAM – Principal Loss Absorbency Mechanisms reverse shadow accounting (US)
Read MoreSingapore
Singapore 4.37 The application of the SV floor to liabilities also results in a non-economic valuation framework. The asset liability management mismatching issue above does not incentivise insurers to invest long-term particularly when interest rates are high, in order to avoid a large duration mismatch charge. 4.38 MAS introduced the SV floor within the reserving…
Read MoreBanks – Words
Banks – Words Regulatory Forbearance 2015 0723 – GOV (House) – Ending ‘Too Big to Fail’: What is the Proper Role of Capital and Liquidity? – [PDF-94p, VIDEO-YouTube] – House Page (p13) – Chairman Jeb HENSARLING (R-TX). Speaking of interest, also in your writings you have spoken about a convergence of interest between large banks and…
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