companies-insurance
Baldwin 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…
Read MoreLincoln Life
Lincoln Life We designed commission rules that anticipated a relatively large number of rollovers of existing policies;. ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy. — Phillip B. Norton, not a member of the Society, is Vice President of The…
Read MoreFidelity Union
Fidelity Union Life James Collins (R-TX) Former member of the U.S. House of Representatives Father, Carr Collins Sr., founded the Fidelity Union Life Carr Collins Sr. W. Lee O’Daniel, Texas Governor / US Senator – pics 1979 – LC – Perry v. Fidelity Union – Google Scholar wikipedia.org/wiki/Fidelity_Union_Life_Insurance_Company The ranking Republican on the subcommittee Rep James…
Read MoreThe Hartford
The Hartford The Hartford The Solution Legal Case – Wisconsin Henry Katz, Hartford Insurance Group, noted in response to the calls for disclosure on universal life insurance products that the Hartford is offering the new product in a way to provide full disclosure. He offered his company’s assistance in developing any new regulation of this…
Read MoreMetLife
MetLife MDL-1091 – IN RE: Metropolitan Life Insurance Company Sales Practices Litigation 1994 – NAIC – Special Committee on Metropolitan Life Brighthouse FSOC – MetLife – Designation MetLife v FSOC – Legal Case MetLife – FHLB MetLife – Legal Cases In its June 7, 1994 Consent Order #94-102, the NJDBI cited N.J.S.A. 17B:30-3 and N.J.A.C. 11:2-23.4…
Read MoreLife of Virginia
Life of Virginia Its fundamental “mechanics” are indistinguishable from those underlying traditional life insurance products. [Bonk: Its = Universal Life] — Samuel H. Turner, President – The Life Insurance Company of Virginia 1982 – Journal of Insurance Medicine – 1p TEFRA has also assisted Universal Life sales considerably and will continue to do so. As the Life of…
Read MoreOrganized Crime
Organized Crime Mafia 1967 – DOJ – Task Force Report: Organized Crime, Annotations and Consultants’ Papers, US Department of Justice – 135p 1971 – ABA – The Forum – index to volumes I-ix – The Mobster and His Life Insurance— Misrepresentation of Occupation as Ground for Avoiding a Life Insurance Policy, Vol. VI, No. 2,…
Read MoreELIC – Executive Life – California
ELIC – Executive Life – California To bolster their statutory surplus and reported financial condition, the four insurers reduced policy reserves on their balance sheets through reinsurance transactions and received from their parent holding companies millions of dollars in surplus infusions and loans. Although reinsurance is a legitimate practice in the life insurance industry to…
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