Archive for June 2022
Tenneco to Conseco
Tenneco to Conseco Wilton Re Completes Acquisition of Conseco Life Insurance Company from CNO Financial. July 1, 2014. 1989 1003 – Associated Press – ICH Sells Off Some Insurance Holdings To Hicks, Muse <HMS Acquisition Corp., Hicks, Muse’s purchasing vehicle> and Others – [link] Hicks, Muse are Philadelphia Life Insurance Co., based in Dallas, and…
Read More1991 0509 – GOV (House) – Insurance Company Solvency – Tom Sutton – ACLI – Pacific Life
1991 0509 – GOV (Senate) – Insurance Company Solvency – Tom Sutton – ACLI – Pacific Life https://www.bonknote.com/wp-content/uploads/1991-0509-Insurance-Company-Insolvencies-Sutton-Disclosure-2.mp4 Tom Sutton (ACLI / Pacific Life) – My personal opinion is that I would not have any problem with a kind of disclosure that could be communicated simply, but was based on extensive analysis by someone capable…
Read MoreFederal Oversight of the Insurance Industry
Federal Oversight of the Insurance Industry Q: Does the NAIC get anything done without pressure from Congress? Senator Magnuson in one hearing made a comment that I think is germane. Maybe these hearings might have an effect on the states doing their job, and that is I think the description of the way that many…
Read More2021 1119 – LIIIWG – NAIC – Life Insurance and Annuities (A) Committee – Requested Chair Report – 5p
2021 1119 – LIIIWG NAIC – Life Insurance and Annuities (A) Committee – Requested Chair Report – 5p 2021 1119 – LIIIWG NAIC – Richard Wicka (Chair – Life Insurance Illustrations Issues Working Group) – Life Insurance and Annuities (A) Committee Requested Chair Report — [BonkNote] — 5p 26p (p3) – [Chair Report] – This…
Read MoreAttorney General
Attorney General NAAG – National Association of Attorneys General On the surface is the handbook operator. He makes a profit from the persons who place bets with him because he has an edge on every bet. He pays track odds but usually not in excess of 20 to 1. The odds at the track are…
Read MoreQ: What Do Agents Say to Consumers?
Q: What Do Agents Say to Consumers? The agent, as a result of not understanding the illustration, may misrepresent the product to the consumer. — Judy Faucett 1992 – SOA – Life Insurance Sales Illustrations, Society of Actuaries – 16p Sales Process Some of the comments that we have heard from regulators about the illustration situation suggest…
Read MoreQ: Who Supervised AIGFP Prior to OTS?
Q: Who Supervised AIGFP Prior to the OTS? Founded in 1987 as one of the first companies in the United States focused principally on OTC derivatives markets, AIG Financial Products Corp. (p36) 2006 – AIG – Annual Report – 244p FCIC Interview mp3 – Greenberg (4/5) <State Insurance Commissioners could have, but didn’t.> AIG Financial Products ……
Read More2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation – Chris Dodd (D-CT)
2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation 2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation, (CSPAN) Government Intervention and Regulation of AIG, Chris Dodd (D-CT) — [BonkNote] [PDF-72p, VIDEO-CSPAN] [Senate-page] FRB…
Read MoreProblem – Agents
Problem – Agent I sincerely hope that we take a look at the agent and his role in this entire process. Somehow I think we need to tie in the actuarial profession with various agents’ professional organizations, so that if the agent does in fact bastardize an illustration and make it completely unrealistic, he is…
Read More2020s – SOA – Society of Actuaries
2020s – SOA – Society of Actuaries 2021 – SOA – Taking Life Insurance Customer Engagement to the Next Level, Society of Actuaries – 17p 2022 – SOA – Mechanics of Dividends, by Dale Hagstrom, Society of Actuaries – 28p 2022 – SOA – Overview of Nonguaranteed Elements (NGEs), Society of Actuaries – 22p
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