Run – [BonkNote]

ACLI – Run – Disintermediation The year certainly tested the ACLI leadership. Frank Keating, its president and CEO, related the many actions he and his team took to work with federal officials to provide some level of support for affected life companies. “The thing that concerned us, because we did not have an FDIC behind…

Runoff The insurance usage of “runoff” can be traced back at least as far as the 17th century marine insurance market at Lloyd’s coffee shop. 2021 – LR – Uncertainty > Risk: Lessons for Legal Thought from the Insurance Runoff Market, Tom Baker – 51p While a company may be able to minimize and finalize its…

FSOC – MetLife – Run on the Bank Implausible Scenario – Metlife – FSOC Unlike countless banking products, insurance products are not designed to allow access to funds on demand, and often contain deterrents such as the policy limitations or penalties for early withdrawal. (p16) Document 43 – MetLife v FSOC – Consent Motion of…

AIG – Securities Lending – Run At the same time, the financial crisis and concerns about AIG’s solvency prompted AIG’s securities lending counterparties to demand the return of additional tens of billions of dollars of cash collateral. Case 1:11-cv-00779-TCW Document 87-7 Filed 01/23/13 Page 9 of 28 – Starr 3.7 AIG’s securities lending operations faced…

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…

Run – Examples No Runs on Life Insurance The events of 1980 when policy loans, surrenders, the shortfall of pension inflows, and scattered withdrawals of employee benefit funds forced sizeable borrowings and even some asset liquidations to meet the drain are not necessarily a unique set of circumstances. 1983-2, NAIC Proceedings 2008 – Financial Times -…

No Runs on Life Insurance GOV – Congressman Ross, Holtz-Eakin GOV – Congressman Duffy, Daniel Schwarcz 2011 1116 – GOV (House) – Insurance Oversight and Legislative Proposals – pdf-131p (p15) – Mr. MONROE ( Compliance Officer, U.S. & Canada, for Marsh, Inc., on behalf of the Council of Insurance Agents & Brokers). I will keep…

Runs – Project –Testimony of Martin Neil Baily and Robert E. Litan (Brookings Institute) Large troubled life insurers can also generate systemic risks if policyholders run to cash out their life insurance policies…. (p93) 2009 0506 – GOV (Senate) – Regulation and Resolving Institutions Considered “Too Big to Fail”- PDF-121p Moreover, if you look at…

Run – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ A ACLI – Run – Disintermediation AIG – Run AIG – Securities Lending – Run Back to top D Disintermediation Dots – Policyholder Runs Back to top F FSOC – MetLife – Run on the Bank Back to top I IAIS – Run Back to top L Liquidity – Policy Loans…

IAIS – Run Run In paragraph 34, it is noted that some products offered by insurers (which contain provisions whereby a policyholder can withdraw cash from the policy with little notice or penalty) contain high liquid liability; however, this description is too simplified and inappropriate since it does not properly take into account the reality…