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…

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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…

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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…

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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…

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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…

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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…

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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 -…

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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…

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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.…

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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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