Patrick Baird
- Finally, I have mentioned the NOLHGA.
- Quite frankly, I still don't know what to make about this, but there's no question that they have had a substantial impact on the Executive Life Insurance Company transaction.
- I have no idea how that's going to play out, but the talking process in Executive Life has been significantly impacted by NOLHGA.
- And the last I heard, they are to be considered a serious buyer.
- So in rehabilitation situations, they are a force to be reckoned with.
-- Patrick S. Baird, Vice President and Chief Tax Officer of Aegon U.S.A., Inc.
1991 - SOA - What is a Life Company Worth? Society of Actuaries - 24p
- (p55) - AEGON - Statement of Patrick Baird
- The life insurance industry has experienced over a decade of abusive class actions.
- In one of the more recent examples of such class action abuses.
- State courts in New Mexico are certifying nationwide classes of plaintiffs for the manner in which their premiums are disclosed in their policies.
- These cases are being certified even though State Commissioners of Insurance reviewed and approved these policy disclosures.
- These class action cases have steadily weakened the very fabric of State regulation of insurance as the State judges' decisions have had national implications for insurers in other states.
- The result of nationwide regulation through targeted class action litigation has indirectly usurped the role and authority of the State Commissioners of Insurance.
2002 0731 - GOV (Senate) - Class Action Litigation, Patrick Leahy (D-VT) --- [BonkNote]
- 2010 - GOV (Senate) - President's Proposed Fee on Financial Institutions Regarding TARP
- Financial Crisis Responsibility Fee
- 2010 0504 - Patrick S. Baird, chairman , AEGON USA, LLC, Cedar Rapids, IA, on behalf of the American Council of Life Insurers, ACLI
- Testimony - p75
- Prepared statement - p105
- Response to a question from Senator Bingaman - 109p