2008 Crisis – Page 13

Terri Vaughan – Therese M. Vaughan Drake University – Professor AIG Board of Directors Allied Board of Directors Insurance Regulation 1994-2004 – Iowa Insurance Commissioner 2002 – NAIC president in 2002. 2009-2012 – NAIC CEO 2013 – Textbook – Fundamentals of Risk and Insurance, Eleventh Edition, by Emmett J. Vaughan and Therese M. Vaughan Education 1979…

Eric Dinallo Dinallo – Index 2007 01 – 2009 07 – New York State Superintendent of Insurance Dinallo – List Dinallo – 2008 Financial Crisis AIG – Securities Lending – Dinallo 2012 – Paper – Prosecuting Securities Fraud from a New York Perspective, by Eric Dinallo – 6p 2021 0225 – YPFS Lessons Learned Oral History Project:…

FCIC – Financial Crisis Inquiry Commission FCIC – Financial Crisis Inquiry Commission – Index 2011 01 – FCIC – Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States – 663p fcic.law.stanford.edu/report///Index Conclusions of The Financial Crisis Inquiry Commission – 14p Appendix B: Life of Hearings and…

AIG – American International Group AIG – Index 2008 Financial Crisis – AIG FCIC – AIG FSOC – AIG Securities Lending – AIG Sandbox-AIG AIG’s financial difficulties stemmed primarily from two sources: Securities lending. Until 2008, AIG had maintained a large securities lending program operated by its insurance subsidiaries. The securities lending program allowed insurance…

Bailouts 1920s/1930s – Great Depression 1980s – Federal Reserve 1990s – Executive Life, etc. 1992 0721 – Federal Reserve Report on Economy 03:38:22 SEN. RIEGLE And the banks got into big trouble. Not just the ones under your supervision, but the ones under the supervision of other regulators. And last year, we had to…

Shadow Insurance Recently I have noticed other disturbing signs, indicated by an increase in formation of overseas domiciled subsidiary or “Shadow Insurers” designed for use in the U.S. surplus markets. These “Shadows” of prominent U.S. insurers are popping up all over the world and are beginning to mark the escape of U.S. insurance company investment…

Systemic Risk Systemic Risk – Index Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. 2003 – IMF – Insurance and issues in financial soundness. IMF working paper 03/138. Das U, Davies N, Podpiera R – 44p 2009 0305 – GOV (House) – Perspectives on Systemic Risk, Paul Kanjorski (D-PA) — [BonkNote] Terri Vaughan…