Solvency – Page 2 – [BonkNote]

First Capital Robert Weingarten, chairman of First Capital Holdings Corp. Fred Buck, President of First Capital Life and has held that position for about eight years, as far back as when it was called E. F. Hutton Life. 1992 – SOA – Companies on the Edge, Society of Actuaries – 20p 1995 – AP -…

Stays Moratorium 1983 10 – SOA – The Actuary – New South Life: The Sequel, Ed. Note: This Contributors Identification is known to the Editor, Society of Actuaries – 8p Among Points for Actuaries to ponder: The rescue operation might have failed especially if new policyholders had understood that the company might, as it did, go out…

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…

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,…

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 -…

Q: What May Have Happened if AIG had Gone Bankrupt? Davis Polk’s lawyer, Mr. Huebner, testified that it would have been a “very hard landing” for AIG, like cascading champagne glasses where secured creditors are at the top with their glasses filled first, then spilling over to the glasses of other creditors, and finally to…

Conseco Stephen Hilbert Tomisue Hilbert Green Tree Mobile Homes 2014 – AP – Conseco: Market Assumptions and Risk, By Russell Walker [Legal Cases] 2007 0409 – InsuranceJournal – Iowa Insurance Division Head Will Discuss Settlement with Insurer = [R-Factor] – [link] Johnston & Johnston v Conseco Jake Garn – Senator, Astronaut IN RE CONSECO LIFE…

Receivership Courts Dodd-Frank FDIC NAIC Receiver’s Handbook for Insurance Company Insolvencies for Qualified Financial Contracts Troubled Companies 2023 04 – NAIC – State Insurance Receivership Priority Act – Federal Priority Act – 1p UILA – Uniform Insurers Liquidation Act 1940 – LR – Legislation: The Uniform Insurers Liquidation Act – 12p Although there has been a vast…

Moratorium Moratorium Stay Contractual State Courts (p16) – Willis B. Howard, Jr., NOLHGA – National Organization of Life and Health Insurance Guaranty Associations: I’d like to respond briefly to my honorable friend, Commissioner Bartlett. Dwight, the guarantee association system works, and it works well. Dwight K. Bartlett III, Maryland Insurance Commissioner: Are you going to tell…

Failures What companies are we talking about when we say companies on the edge? So that we’ll all be on the same plane, I’ve grouped some of the more well-known companies as follows: APPROACHING THE EDGE: Fidelity Mutual?, Mutual of New York?, and Travelers? AT THE EDGE: First Capital, Monarch Life, and Mutual Benefit. OVER…