Pensions – Page 5 – [BonkNote]

Policy Transfers “These policy transfers treat policyholders like commodities, trading them like baseball cards,” Mr. Metzenbaum said in a statement. The acquiring companies are often “in such poor financial shape that they couldn’t attract policyholders but had to buy them wholesale, without their consent.” [Senator Howard Metzenbaum (D-OH)] 1994 0328 – NYT – Transfers By…

ERISA – Employee Retirement Income Security Act of 1974 dol.gov///erisa Pacific Lumber, Executive Life Lockheed, Athene PBGC – Pension Benefit Guaranty Corporation Guaranty Fund 1989 – LC – Firestone Tire & Rubber Co. v. Bruch., No. 87-1054., Supreme Court of United States. 489 U.S. 101 – [link-Google-Scholar] Argued November 30, 1988, Decided February 21, 1989…

2022 0908 – GOV (Senate) – Current Issues in Insurance 2022 0908 – GOV (Senate) – Current Issues in Insurance – SandBox 2022 0908 – GOV (Senate) – Current Issues in Insurance, Sherrod Brown (D-OH) — [BonkNote] VIDEO banking.senate.gov/hearings/current-issues-in-insurance VIDEO-CSPAN – Hearing on Insurance Industry Practices VIDEO-YouTube. [Bonk: Missing a piece of Toomey video] Senator Sherrod…

Executive Life ELIC – Executive Life – California ELNY – Executive Life of New York Executive Life – Illinois 1994 – SOA – Rehabilitation Fallout, Society of Actuaries – 20p — Robert Ewald, not a member of the Society, is Executive Director of Illinois Life and Health Guaranty in Chicago, Illinois. In the Executive Life…

NCIGF – National Conference of Insurance Guaranty Funds ncigf.org/ Date-? – Letter – Joint Submission of NOLHGA And NCIGF Regarding the NAIC Model Law Working Group’s Survey of States’ Receivership Laws – 3p

Life Insurance as IRA’s (p19) – Senator Wayne ALLARD (R-CO). The other thing, when they came in and marketed, I assume they approached the soldiers pretty much as this was a savings mechanism, a financial investment. Was this in relation to IRA accounts or was it Keogh plans, or how were they structuring the sales…

Q: Guaranty Fund – Who Pays? Ultimately the public pays for everything. — Eden Safarty (President / NOLHGA – National Organization of Life and Health Insurance Guaranty Associations): 1991 0227, 0507, 0509, 0523 – GOV (Senate) – Insurance Company Solvency, aka Insurance Company Insolvencies – [PDF-369p-GooglePlay] ->Not on govinfo.gov – 0509-VIDEO-CSPAN] (p186) – Senator Howard Metzenbaum (D-OH).…

PE – Private Equity 2022 0908 – GOV (Senate) – Current Issues in Insurance, Sherrod Brown (D-OH) — [BonkNote] NAIC – CIPR – Private Equity – [link] https://content.naic.org/sites/default/files/capital-markets-special-reports-PE-owned-YE2021.pdf 2024 0104 – WSJ – Private Equity’s Move Into Insurance Provokes Systemic-Risk Concerns: Private equity’s ties to insurers were already criticized for posing risks to policyholders’ nest eggs. Now the…

Hedge Funds Risks of Hedge Fund Operations, Hearing on Hedge Fund Operations Before H Comm. on Banking, 105th Cong. (1998) 1998 1001 – GOV (House) – Hedge Fund Operations Risks [PDF-? , VIDEO-CSPAN] Greenspan, Long-Term Capital Management 1998 1001 – GOV (House) – Hedge Fund Operations Risks [PDF-?, VIDEO-CSPAN] Long-Term Capital Management Brooksley E. Born…

Mutual Benefit Life Mutual Benefit Life → MBL Life Assurance Corporation → SunAmerica → American International Group (AIG) Alan J. Bowers Palmieri and Company John A. Koskinen, Deputy Director of the Office of Management and Budget – [link] … successfully restructured Baldwin-United Corporation, a large diversified financial services company; … rehabilitated Mutual Benefit Life Insurance Company,…