SandBox
AIG – SandBox
AIG – SandBox justoneminute.typepad.com/main/2009/03/who-broke-aig-.html Why the misdirected coverage? My guess is that we are seeing an unholy alliance of insurance regulators who would rather point the finger at unregulated credit derivatives, people who always favor more regulation as the answer to everything, and public officials who don’t want people to wonder whether other staid, boring…
Read MoreSandbox – Video – CSPAN
Sandbox – VIDEO – CSPAN 2006 – Shelby – our job vs states John D Johns – Impossible Task – Consumer Protection Sununu – New York Regulator – 1871 2005 1117 – GOV (Senate) – A Review of the GAO Report on the Sale of Financial Products to Military Personnel, Richard Shelby (R-AL) — [BonkNote]…
Read MoreYale – YPFS – Lessons Learned – 2008 Financial Crisis
2008 Financial Crisis – YPFS – Lessons Learned YPFS Lessons Learned Oral History Project – [link] One important lesson of the recent crisis is that as financial products and services proliferate and become more complex, they often fall through the regulatory cracks. (p16) — Testimony of Ann Yerger, Executive Director – Council of Institutional Investors -…
Read MoreICS – Insurance Capital Standards – IAIS
ICS – Insurance Capital Standards – IAIS 2015 – IAIS – IAIS Capital-related Stakeholder Meeting – 83p Feedback from 2014 field testing Mainly concerns with volatility and harm to the long term nature of insurance business Additional feedback received from industry Long duration discount rates should not be extrapolated from extremely limited tenors Use more stable…
Read MoreEyes
Eyes Mary A. Weiss, Deaver Professor of Risk, Insurance, and Healthcare Management, Temple University And it would be sort of an example of what happens at the NAIC. The more eyes you have looking at a problem, the more likely you are to see a problem when it arises. 2011 0914 – GOV (Senate) -…
Read MoreMarket
Market Market – Index NAIC Market regulation handbook – combines information from the Market Conduct Examiners Handbook and the Market Analysis Handbook
Read MoreParadigms
Paradigm 1980 – AP – Models in Insurance Paradigms Puzzles Communications and Revolutions, William S. Jewell – 128p It is a distinct privilege and a personal pleasure to address the 21st ICA on the topic of “Generalized Models of the Insurance Business”. As I read through the 42 papers offered on this topic, I…
Read MoreRelationships
Relationships Contractual Relationship Employer-Employee Relationship Principal-Agent Relationship Special Relationship
Read MoreRegulation – Criticism
Regulation – Criticism But, meanwhile, the NAIC is failing, and the states, in many ways. The NAIC has failed to do anything about unsuitable sales of insurance in any line of insurance. They haven’t fixed the marketconduct mess the GAO has recently commented upon. (p23) – – J. Robert Hunter, Director of Insurance, Consumer Federation…
Read MoreHow to Buy Life Insurance
How to Buy Life Insurance 1895 – How to Buy Life Insurance: The Essentials to be Considered in Selecting a Company, “The Author” The New York Life promised: on a 20 year endowment $1,650 and paid $710; on a 20 year deferred dividend $1,143 and paid $527; on a tontine it estimated $1,234 and paid…
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