Communications

  • William Koenig (Northwestern Mutual) suggested that the parties all needed a common understanding of the terms used in their discussion. (p655)

1993-4, NAIC Proceedings - Life Disclosure Working Group – NAIC

  • GOV to NAIC
  • NAIC to Government
  • 2009 0731 - NAIC to NYT - re: The New York Times July 30 article, “After Rescue, New Weakness Seen at A.I.G”, by Mary Williams Walsh - 1p
    • 2009 0730 - NYT - After Rescue, New Weakness Seen at A.I.G., by Mary Williams Walsh - [link]
  • 2013 1211 - Letter - Tom Leonardi (Connecticut Insurance Commissioner) 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.
  • 2022 1024 - NAIC to NAIC - To: NAIC Members, From: Director Judith L. French, Chair
    Life Insurance and Annuities (A) Committee, RE: Survey Inquiry about Enhanced Cash Value Offers on Universal Life Insurance Policies - 8p
  • 2009 1030 - Letter - GOV - Issa (R-CA) to William C. Dudley, President, Federal Reserve Bank of New York - 5p
  • 14. Paragraph 25: The comments regarding level playing field could be extended to noninsurance (ie investment-related) products offered by insurers.

2011 0926 - IAIS to OECD  - Comment on the OECD’s draft paper on Policyholder Protection Schemes: Selected Considerations 

  • IAIS to OECD Comment Letter - [Automatic Download - 5p]
  • OECD’s draft paper on Policyholder Protection Schemes: Selected Considerations - 64p
  • 39 - Comment on paragraph 39:
    • We suggest to mention that the appearance of conflict of interest can be as harmful to the reputation risk to the insurer or the industry than the conflict of interest itself.

-- Autorite des marches financiers (Quebec) - lautorite.qc.ca/grand-public

2015 - IAIS - Compiled Comments on Consultation Document: Issues Paper on Conduct of Business Risk and its Management, Comments as compiled on 15 August 2015 - 37p

  • 2014 1008 -  Starr International Company, Inc. v. The United States - Case 1:11-cv-00779-TCW -  Trial Volume 8 - Geithner - 254p
    • (p62-63) - Q. Now, with respect to AIG, the financial problems that AIG had were financial problems that related to subsidiaries other than the insurance subsidiaries; correct?
    • A. I believe that's true, but I couldn't say with confidence today that there were not also problems in some of the insurance subsidiaries.
    • Q. In September of 2008, you were not aware of any problems in the insurance subsidiaries; correct?
    • A. I'm just being careful because I don't think I could say with confidence today or even then what was the precise locus of the losses and the funding needs that were the basis for their coming to us and asking for assistance.
    • Q. Didn't you speak to Mr. Dinallo, the insurance commissioner of New York?
    • A. I did.
    • Q. And didn't he tell you that the insurance subsidiaries were stable and well-capitalized?
    • A. I don't know if that's exactly how he would have said it or generally how he would have said it.
    • Q. Is that the substance of what he conveyed to you, sir?
    • A. I guess the reason I'm being careful is because I don't know the extent to which he could have spoken to all of AIG's insurance subsidiaries. He could have spoken to those with respect to those within his jurisdiction I suspect, but I'm not sure he would have represented that with respect to the firm as a whole.
    • (p73) - Q. Let me show you Plaintiffs' Trial Exhibit 2762.  This is a news release by the National Association of Insurance Commissioners, dated September 16, 2008.
    • (p77) - Q. I mean, for example, if you look at the last paragraph and indeed the last sentence, where it says, "Strict solvency standards and keen financial oversight -- based on conservative investment and accounting rules -- continue to be the bedrock of state-based insurance regulation." Do you see that?
    • A. I do.
    • Q. And did you understand that the point that the National Association of Insurance Commissioners were making were that the individual AIG insurance subsidiaries were stable and properly capitalized?
    • A. That is my sense. Yes.
    • Mr. Boies: Let me go back now to the issue with respect to the Doomsday Books.  <WishList>