companies-insurance
Massachusetts Mutual
MassMutual Haven Life – MassMutual (p21) – Senator Howard Metzenbaum (D-OH): At a recent meeting of underwriters, Thomas Wheeler, a chief executive officer of Massachusetts Mutual, said in the last decade: “Some companies encourage churning”, meaning rolling over whole life business into universal life. Not only did these companies swap high-margin products for low-margin ones, they often…
Read MoreDrexel Burnham Lambert
Drexel Burnham Lambert Michael Milken Executive Life Insurance Company Frederick Joseph Robert Linton Leon Black Drexel Burnham Lambert Apollo Global Management – co-founder and former CEO of the private equity firm Leon Black, Chairman and CEO of Apollo Global Management – [VIDEO-YouTube] Joe Cassano – AIGFP 1991 – Book – Den of Thieves, James B. Stewart…
Read MoreMonarch Life Insurance Company
Monarch Life Insurance Company Merrill Lynch Single-Premium Life Insurance Variable Life Jerome S. Golden – Monarch NAIC – Variable Life Insurance Task Force 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, (CSPAN) Single Premium Life Insurance, Max Baucus, (D-MT) — [BonkNote] 1995 – GAO – Insurance Regulation: Observations on the Receivership of…
Read MoreAIG – American International Group
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…
Read MoreJohn Hancock / Manulife
John Hancock / Manulife Manulife 1997 1030 – GOV (Senate) – Class Action Lawsuits: Examining Victim Compensation and Attorneys’ Fees, Charles Grassley (R-IA) — [BonkNote] 2018 1004 – ThinkAdvisor – Muddy Waters Shorts Manulife on Risks in Universal Life Trial, By Erik Schatzker, Katherine Chiglinsky and Ivan Levingston – [link] Toronto-based Manulife is one of the biggest…
Read MorePacific Life
Pacific Life John C. McCone (Board / CIA Director) Thomas S. Sutton Bill Hezzelwood 1991 0227, 0507, 0509 and 0523 – GOV (House) – Insurance Company Solvency, (CSPAN) Insurance Company Insolvencies, Cardiss Collins (D-IL) — [BonkNote] — [PDF-369p-GooglePlay, VIDEO-0509-CSPAN] NAIC IULSG With respect to guardrails, Pacific Life believes that it is critical that any proposed limit on the illustration…
Read MoreA.L. Williams
A. L. Williams Primerica – A.L. Williams – Index Insurance Regulators – Associated with A.L. Williams / Primerica Texas 1979 to 1987 – Lyndon L. Olson Jr. 1994 0501 – NYT – Mischief Under the Travelers Umbrella, By Michael Quint – [link] Georgia 1971-?-1985 – Johnnie Caldwell 1955-1970 – Georgia House of Representatives 1987 0721 -…
Read MoreBaldwin United
Baldwin-United Baldwin-United Corporation, a large financial services conglomerate headquartered in Cincinnati, Ohio Baldwin-United – Legal Cases MDL-581 – LC – Baldwin-United – [BonkNote] [Bonk: Contagion-?] In the meantime, a movement was afoot within the life insurance industry led by Metropolitan Life Insurance Company, as well as the securities brokerage industry, to put together an enhanced rehabilitation…
Read MoreNew York Life
New York Life William H. Beers b, d1893 1116 – NYT – [link] 1891 1023 – NYT – A Plea for Other Companies; Beer’s Course Hurts Everybody Engaged in Life Insurance – [link] John McCall President – late 1800s-1900s 1906 0219 – New York Tribune – John A. M’Call Dead: The End Peaceful- Vol. LXV, no. 21645.…
Read MorePrudential Insurance Company
Prudential 1994 0613 – APNews – Life Insurance Buyers Allege Misleading Sales Tactics Were Used With PM-Vanishing, by Mark Dennis – [link] 1996 0626 – LA Times – Prudential Told Staff to Destroy Documents, Memo Shows, by Scot J. Paltrow – [link] A spokeswoman for the New Jersey insurance department said the task force had…
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