Media – WishList

1970s

  • <WishList> – 1979 1102 – VIDEO – Phil Donahue with Robert Beck, Prudential and Thomas Wolff, NALU, National Association of Life Underwriters – “What’s Wrong with your Life Insurance?”

1980s 

  • <WishList> – 1980 1110 – Business Week – G.R. Dinney, Universal Life
  • <WishList> – 1981 0914 – See The Changing Life Insurers, BUS. WK., Sept. 14, 1981, at 66-69 (discussing effects of increased rates of inflation of past three years on insurance industry)
    • 1982 – LR – Redefining Insurance: Distinguishing Between Life Insurance and Investment Under Volatile Inflation, Yale – 19p

1990s

  • <WishList = NYT – New York Times Article – ” 10 actuaries in a room”>
    • 1994-1, NAIC Proceedings
    • Commissioner David Lyons (Iowa) asked Ms. Faucett to describe the quotation by her that had recently appeared in the New York Times.
      • She said she was quoted as saying that if you put 10 actuaries in a room you would get 40 conclusions about what the numbers they were examining meant. 
      • She thought it was important for buyers to see how the policy would work but the current approach of the working group would not allow that to happen.
      • Ms. Faucet responded that people spend more time buying a microwave than they do an insurance policy.
      • [Bonk: Ms. Faucett = Judy Faucett, Actuarial Consultant to the NAIC] 
  • <WishList> – 199x-? – 5. Video of Inside Edition Segment on Home Service Insurance – 1996-1, NAIC Proceedings
  • <WishList> – 1996 0714 – Milwaukee Journal Sentinel – Insurer’s Churning Detailed, Douglas Armstrong
    • “Life insurance,” he says, “is a legally regulated criminal enterprise.”
      • [Bonk: he = Peter Katt]
  • <WishList> – 1998 0518 – Business Week – David Greising
    • In his Business Week Commentary of May 18, 1998, David Greising discussed both the NationsBank settlements and the need for functional regulation of securities activities at banks.
    • 1999 0625 – GOV (House) – Risky Business in the Operating Subsidiary: How the OCC Dropped the Ball – [PDF-106p, 
    • (p6) – Denise Voigt Crawford, Securities Commissioner, Texas State Securities Board On Behalf Of North American Securities Administrators Association, Inc (NASAA)

2000s

  • <WishList> – 2001 0319 – Forbes – edition of Forbes entitled “Death Wish”
  • <WishList> – 2008 0413 – Dateline – Tricks of the trade – A Dateline hidden camera investigation to see what insurance agents say — and – what they don’t — when they think they are alone with a senior – nbcnews.com/id/wbna24095230 – <WishList-VIDEO>  —  [BonkNote]   
  • <WishList> – 2008 0627 – Bloomberg  News – AIG Poised to Absorb $5 Billion Losses From Securities-Lending, by Miles Weiss
    • 2008 0627 – Reuters – AIG To Lose Up To $5 Billion From Investments: Report – [link-Bad Link]
  • <WishList> – 2008 0921 – The Boston Globe – The Operators Behind a Seductive Wall Street Conspiracy Theory, by Drake Bennett

 2010s 

  • [<WishList>: Bonk: What Newspaper is this from?] –  “State laws segregate the assets needed to protect policyholders within the highly regulated subsidiaries at AIG and if they were to fail, state guarantee funds exist to ensure claims are paid. Have Fed and Treasury staff . . . studied state . . . insurance regulatory schemes and deemed them inadequate?”
    • 2010 0202 – WSJ –  What I Learned at the AIG Meltdown: State Insurance Regulation Wasn’t the Problem, Eric Dinallo – [link] 
  • <WishList> – A McClatchy analysis of the finances of 20 of AIG’s larger insurance subsidiaries at the time has found a much bleaker picture, however:
    • 2010 0609 – therealnews.com – Did Bush Officials Hide Depths of AIG Problems?, by Greg Gordon – [link]
  • <WishList> – Check out this chart of AIG’s securities lending portfolio evolution.
  • TARP’s Warren on AIG, FOX FOIA Suit – Warren on state of government bailout – ,https://www.foxbusiness.com/video/934611544001