Archive for August 2022
Credit Ratings – Goverment Hearings
Credit Ratings – Government Hearings 2004 0914 – GOV (House) – The Ratings Game: Improving Transparency and Competition Among the Credit Rating Agencies [PDF-71p, House – Committee on Financial Services – Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises 2008 1022 – GOV (House) – Credit Rating Agencies and the Financial Crisis, (CSPAN) Credit…
Read MoreZarrella v. Minnesota Mutual – 1999
1999 – LC – Zarrella v. Minnesota Mutual 1999 – LC – Zarrella v. Minnesota Mutual Life Ins., 96-2782 Opinion – 26p (p9) – The literature attached to the conservation brochure read: “At Minnesota Mutual, we believe you should get an up-to-date return on your insurance dollars – no matter how long you’ve owned your policy. With Ultimate Interest™, our unique…
Read MoreReliance
Reliance Justified Reliance Reasonable Reliance Reliance Insurance Company 1999 – LC – Zarrella v. Minnesota Mutual Life Ins., 96-2782 – Opinion – 26p (p10) – More importantly, however, plaintiff could not have prevailed on the misrepresentation claims because the statement did not induce plaintiff to act on them in the manner that Minnesota Mutual intended. The statements were part…
Read MoreLife Insurance as IRA’s
Life Insurance as IRA’s (p19) – Senator Wayne ALLARD (R-CO). The other thing, when they came in and marketed, I assume they approached the soldiers pretty much as this was a savings mechanism, a financial investment. Was this in relation to IRA accounts or was it Keogh plans, or how were they structuring the sales…
Read MoreLIMRA – Life Insurance Marketing and Research Association – WishList
LIMRA – Life Insurance Marketing and Research Association – WishList …recent study produced by LIMRA entitled “Universal Life, Product and Compensation Design”-<WishList> searchworks.stanford.edu/view/10006779 1984 – SOA – Rear End Loaded Funds, Society of Actuaries – 22p The Kehrer-LIMRA Life Report 2008 – SOA – Banks Sell Life Insurance? That’s News to Me!, Society of Actuaries…
Read MoreBanks Selling Life Insurance
Banks Selling Life Insurance 2008 – SOA – Banks Sell Life Insurance? That’s News to Me!, Society of Actuaries – [link] Trends in Life Insurance Sales Through Banks, Source: The Kehrer-LIMRA Life Report – 1p
Read More2013 – NAIC – State of the Life Insurance Industry: Implications of Industry Trends – 220p
2013 – NAIC – State of the Life Insurance Industry: Implications of Industry Trends – 220p 2013 – NAIC – State of the Life Insurance Industry: Implications of Industry Trends – 220p (p16) – The continuation of high interest rates coupled with financial deregulation in the early 1980s pushed up returns on insurers’ competing financial products such…
Read MoreAIG – Questions
Questions – AIG What Part of AIG did Mark Hutchings Work for?
Read MoreMark Hutchings
Mark Hutchings – AIG 2010-06-22 FCIC staff audiotape of interview with Mark Hutchings, American International Group, Inc.mp3 UK Investments <->AIGFP?> {Wasn’t told to wind down Securities Lending, He was still Lending as of September 2008} {9x Billion at peak} {held over a barrel, losing money both ways} Ponzi AIG – Matched Investment Program – (MIP)…
Read MoreBloomberg News
Bloomberg News Bloomberg Businessweek 2008 0627 – Bloomberg – AIG to Absorb $5 Billion Loss on Securities Lending: Insurance Units Wrote Down $13B Tied To Mortgages, by Miles Weiss – [link-BonkNote] 2014 0731 – Bloomberg – The Insurance Industry Is Risky. Federal Regulation May Be the Answer You know what’s risky? The insurance industry, says a…
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