Dots – [BonkNote]

Q: What Do Agents Say to Consumers? The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Sales Process Some of the comments that we have heard from regulators about the illustration situation suggest…

Dots – Letter FSOC MetLife Designation Run Implausible – Woodall, Hamm, etc. Reputational Risk 1980s SOA Dots – Examples Dots – Policyholder Runs Dots – Illustrations Dots – Tools – Policy Summary / Coverage Period / Illustration LIRP – MetLife – Legal Cases – Nurses Runnable Liability PBS – Ed S Walker v LSW Illustration…

Maybe the Federal Reserve Knows Something….maybe not 1980s Paul Volcker – (Federal Reserve Chairman, 1979-1987) 1990s Alan Greenspan – (Federal Reserve Chairman, 1987–2006) 2010s 2010 0127 – GOV (House) – The Federal Bailout AIG – [PDF-652p] Panel 1 – Geithner – [Video-YouTube] – They had no idea 2010 0430 – FCIC memo of staff interview with Sarah…

Q: Could the Securities Lending Division of AIG Taken Down the Company by itself? For example, it is almost certainly the case that the securities-lending scheme undertaken by American International Group’s life insurance subsidiaries would have taken down the company by itself, had the collateral calls on AIG Financial Products’ credit default swaps not done…

Q: Who Watches the Insurance Regulators? 2011 0914 – GOV (Senate-Banking/SII) – Emerging Issues in Insurance Regulation, Senator Jack Reed (D-RI) — [BonkNote] (p23) – Daniel Schwarcz (Professor of Law): And I just want to emphasize the way to watch the regulators is to have transparent information so that the public can see what they are…

Political Will In other words, when you think about, if I just sat there and said, “You know what? I think this is an unlicensed monoline, governor. Let’s go and fix this,” they would have … It was the most profitable part of AIG. The stock was at 100 or whatever. It wasn’t until the…

Dots – Policyholder Runs No Runs on Life Insurance Run – Examples 2015 1119 Oversight of FSOC – Wagner [Have there ever been Runs on Life Insurance Companies? Yes] 1991 – FRB – Monetary Policy and Open Market Operations During 1991 – 123p Many life insurance companies had been hurt by declining real estate values, as…

Questioning the Solvency of an Insurance Company 1989 0501 – National Press Club / CSPAN – Where Was the Press During the S&L Crisis? – [link] Jim Leach – (House-R-IA: 1977-2007) Bean – Vaughan Dinallo 1991 – GOV – Insurance Insovenc – Baldwin United – Insurance Commissioners 199x – GOV – Executive Life – Siegerman. 199x – GOV…