Dinallo
Absurd
Absurd An insured has no right to rely upon an agent’s patently absurd interpretation of a policy. He ordinarily may rightfully rely, however, upon an agent’s interpretation that is plausible and not in patent conflict with the printed policy although legally untenable. Mutual Ben. Life Ins. Co. of Newark, N.J. *403 v. Bailey, 5 Storey…
Read MoreEric Dinallo vs
Eric Dinallo vs Capital in Monolines / AIG (p220) – Eric Dinallo – So I do think that essentially the rating agencies and the counterparties missed this. And they believed that in the trillion dollar balance sheet of AIG– Chairman Angelides: Somewhere, somehow, there would be money. Eric Dinallo: Like it would in a monoline. There’s tons of…
Read MoreRegulation – Insurance – Coordination
Regulation – Insurance – Coordination Eyes (p10) – Instead of conducting any analysis of the efficacy of coordinated regulation at the state level, FSOC dismissed it. (p14) – 5 The NAIC offers this discussion of collaborative action in part as a rebuttal to the Scholars of Insurance Regulation’s claim that state insurance regulators are frequently…
Read MoreAIGFP – CDS – Collateral / Reserves
AIGFP – CDS – Collateral / Reserves Blankfein – FCIC Interview Cassano Dinallo ISDA The segment of the CDS market that experienced large losses and the greatest difficulties involved CDS related to asset backed securities linked to the subprime real estate market. Although the asset backed CDS market is a relatively small segment of the…
Read MoreBarclays
Barclays AIG Securities Lending AIGFP Legal Case – re Barclays Bank PLC Securities Litigation Lehman Brothers MBIA barclaysbankplcsecuritieslitigation.com/ barclaysbankplcsecuritieslitigation.com/case-documents/summary-judgment-briefing.aspx monolines 503p – barclaysbankplcsecuritieslitigation.com/media/934718/sharan_nirmul_exhibits_61-80.pdf barclaysbankplcsecuritieslitigation.com/media/934797/sharan_nirmul_exhibits_211-234.pdf 2013 – LC – In re BARCLAYS BANK PLC SECURITIES LITIGATION, Document 66, Case 1:09-cv-01989-PAC – 101p Summary Judgment Briefing – AUDIO – [link] – LC – Plaintiff’s Response To The…
Read MoreQ: AIG – 2008 – Did the Federal Reserve and the Department of the Treasury study insurance regulatory schemes and deemed them inadequate?
Q: AIG – 2008 – Did the Federal Reserve and the Department of the Treasury study insurance regulatory schemes and deemed them inadequate? <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…
Read More2021 0225 – Yale – YPFS Lessons Learned Oral History Project: An Interview with Eric Dinallo – 19p
2021 0225 – YPFS Lessons Learned Oral History Project: An Interview with Eric Dinallo – 19p 2021 0225 – Yale – YPFS Lessons Learned Oral History Project: An Interview with Eric Dinallo, Former New York State Superintendent of Insurance (2007-2009) — [BonkNote] — 19p (p7) – Dinallo: I decided that I had enough information, and enough…
Read MoreStarr v. United States – 11-0779 – Document 428 – 573p
Starr v United States – Document 428 (p36 / 89) – 7.5 AIG’s Securities Lending Operations Faced the Same “Run on the Bank” Pressures as Many Other Financial Firms. (a) Bernanke: “Whenever there was doubt about a firm, as in a standard bank run, the investors, the lenders, and the counterparties would all pull back…
Read More2008 – NAIC Proceedings Binder – 9431p
2008 – NAIC Proceedings Binder – 9431p (p708) – 9. Receive the Report of the Financial Analysis Working Group Roger Peterson (WI) delivered the report of the Financial Analysis Working Group, which met in a regulator-to-regulator session March 31, 2008, to hear presentations on nationally significant insurers and groups that are exhibiting characteristics of potentially…
Read More2008 Financial Crisis – Insurance Regulation Was Not The Problem
2008 – Insurance Regulation Was Not The Problem Dinallo Vaughan Frank State insurance regulation was not a factor in the economic downturn and should not be swept into any proposed financial services overhaul. 2009 0402 – Letter – NCOIL to GOV (Senators Dodd, Frank, Shelby, Bachus) – 2p
Read More