1970s 1971-2, NAIC Proceedings – 1971 0616 – First Report of the Industry Advisory Committee to the NAIC B·S Subcommittee to Review the Model Unfair Trade Practices Act 3. The regulator already has the practical power to accomplish on behalf of the consumer what consumer class actions are designed to accomplish. This is evident from…

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1990s – NAIC – Insurance Regulators – Government Hearings 1993 0525 –  GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Senator Howard Metzenbaum (D-OH)  —  [BonkNote] (p33) – NAIC – Statement of David Lyons (Iowa Insurance Commissioner (IA), On Behalf of the National Association of Insurance Commissioners  I also serve,…

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1970s – NAIC – Insurance Commissioners – Government Hearings 1975 1203 and 1204 – GOV (Senate) – Veterans Insurance Information Disclosure, Richard Stone (D-FL)  —  [BonkNote] (p36) – William H. Huff III (Iowa) – President of NAIC, Statement  (p44) – NAIC – Mr. William H. HUFF III – (IA): If the Society of Actuaries’ research is…

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2000s – Newspapers 2004 0703 – The Hartford Courant – MassMutual Reaches Settlement – [link] MassMutual has agreed to settle long-standing class-action litigation that accused the company and its representatives of misleading sales practices. The settlement would cover owners of certain life and disability insurance policies between 1983 and 2003, and would resolve litigation filed in…

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AIG – Timeline – Dinallo LC – 11-0779 – Starr International Company vs United States – Page 22 of 99 2008 0916 – (a) On September 16, 2008, Dinallo reiterated Governor Paterson’s offer to allow AIG to upstream $20 billion from its insurance subsidiaries (Dinallo Dep. 214:13- 21). Geithner responded, “No, we’re good” (id. at 215:16-18).…

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Times Have Changed Times have changed. —  William T. Tozer, ACLI 1981 – SOA – Individual Life Insurance Cost Disclosure Issues, Society of Actuaries – 22p (p53) – The life insurance sector, while safe and quite boring in the past, has changed meaningfully during the past two decades from a financial stability perspective. 2021 06 -…

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2000s – CSPAN 2007 0718 – Press Club – The Role of Private Equity – [VIDEO-CSPAN] Former U.S. Treasury Secretary John Snow spoke about the role of private equity in U.S. manufacturing and the global economy. He responded to questions submited by members of the audience. Former Secretary Snow is chairman of Cerberus Capital Management…

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