Thomas Foley Insurance Commissioner ?-1998-? – – North Dakota  ?-2000-? – – Kansas – Life and Health Actuary  Robert Dineen Award Because I was a company actuary for 20 years before I became a regulator, I have a perspective that a lot of regulatory actuaries do not have. —  Thomas C. Foley, North Dakota, Regulator/…

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Ed Royce 1993-2019 – US House – (R-CA)  2008 0923 – WSJ – Insurance Companies Need a Federal Regulator, by John Sununu, Tim Johnson, Melissa Bean and Ed Royce – [link] 2012 0712 – Bloomberg – Congressman Seeks Treasury Exam of State Insurance Group, By Noah Buhayar – [link] 2012 0712 – ThinkAdvisor – Royce Demands FIO Probe of NAIC, By Arthur D.…

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Tom Leonardi 2011-2014 – Connecticut Insurance Commissioner 2013 1211 – Letter – Tom Leonardi to NAIC etc, re: Corporate Governance – 3p “We have met the enemy and he is us!” This famous line from the comic strip Pogo aptly describes the current state of governance at the National Association of Insurance Commissioners. 2013 1216…

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Maurice LeVita 1975 – SOA – Ordinary–New Products, Society of Actuaries – 18p Letters to My Family – Maurice LeVita https://issuu.com/fredredwoods/docs/completed_book__4-05-10 1986 – Obituary – Washington Post – [link] 1986 – SOA – Obituary – https://www.soa.org/globalassets/assets/library/research/transactions-of-society-of-actuaries/1980-89/1986/january/tsa86v3815.pdf 1936 – Book – An arithmetic of life insurance – Hathitrust An actuarial approach suited to providing any desired pattern of death benefits…

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Brian Lessing However, we believe that all sections of the guideline should apply to all inforce life insurance illustrations after some effective date, regardless of when the policies were sold, since if the new limitations on the illustrated crediting rate are appropriate for new business, similar reasoning implies that they should also be appropriate for…

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Thomas S. Kuhn The Structure of Scientific Revolutions – Book Paradigms We noted in Section II that an increasing reliance on textbooks or their equivalent was an invariable concomitant of the emergence of a first paradigm in any field of science. The concluding section of this essay will argue that the domination of a mature…

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Edmund Berkeley One of the most influential and prominent advocates of the new computing machines came from the world of life insurance rather than from science or engineering.  Edmund Callis Berkeley…..  (p59) 2011 – AP – Post-Industrial Engineering: Computer Science and the Organization of White-Collar Work, 1945-1975. by Mamo, Andrew Benedict – 243p Edmund C.…

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Edward Rieder also seen as Reider The use of a computer for this purpose was foreshadowed as early as 1947 by Edward Reider in commenting on a paper on electronic machinery by Edmund Berkeley.  —  Walter L. Chapin 1976 – Adjustable Life Products, Society of Actuaries 1966 – SOA Obituary Edward A. Rieder (TASA XLVIII, 1947, p. 283)…

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Leslie Scism wsj.com/news/author/leslie-scism Philadelphia Daily News Dow Jones  AIG IUL – Indexed Universal Life PRT – Pension Risk Transfers Universal Life Vanishing Premium 1995 0103 – WSJ – Fine Print Victims: Some Agents ‘Churn’ Life Insurance Policies, Hurt Their Customers, Prudential, by Leslie Scism – <WishList> 1997 0807 – WSJ – Internal Reports Depict Forgery,…

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Bernie Madoff  2008 1211 – Madoff arrested “split-strike conversion strategy” nytimes.com///projects/madoff Harry Markopolos Tremont – Massachusetts Mutual 2011 0728 – NYT – Settlement of More Than $1 Billion From Madoff-Related Funds, By Reuters – [link] Mr. Picard has said Tremont, based in Rye, N.Y., which is part of the Massachusetts Mutual Life Insurance Company, was the…

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