November 2022 – Page 5

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…

MetLife – Lawsuits 1990s 2000s 2010s 1990s 1993 – LC – Horton v. Metropolitan Life (def. Rick Urso) – Document 1 – Filed 11/01/93 – Complaint – 37p 8:93-cv-01849-SDM Date filed: 11/01/1993, Date terminated: 10/25/1994, Date of last filing: 06/23/2011 Document 1 – Filed 11/01/93 – Complaint – 37p 1994 – NAIC – Special Committee on…

SB – CSPAN 2024 0815 2010 0624 – Conference on Financial Regulations Bill, Day 7, Part 1 2011 0915 – Securities Exchange Commission Oversight, Part 1, 2015 0527 – Retirement Savings Protections 2016 0526 – Senate Session, Part 1 2016 0524 – Senate Session, Part 2 2013 0726 – Retirement Planning 2008 0716 – Saving…

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…

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…

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…

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,…

IAIS – Acronyms HLA – Higher Loss Absorbency PLAM – Principal Loss Absorbency Mechanisms reverse shadow accounting (US)

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…

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…

Archive for November 2022

MetLife – Media

MetLife – Lawsuits

SB – CSPAN

Larry Gorski

ERISA – Employee Retirement Income Security Act of 1974

European Parliament

ICS – IAIS – Documents – Stakeholders

IAIS – Words

Singapore

Banks – Words