December 2022 – Page 3

Athene athene.com/ James Belardi – CEO / CIO in 2006 left as a senior executive at AIG to start an insurer SunAmerica William J. Wheeler, Vice Chairman was President of the Americas group for MetLife 2012 0516 – GOV (House) – The Impact of the Dodd-Frank Act: What it Means to be a Systemically Important Financial…

Actuarial – Media 2019 – Contigencies – The ABCD Goes to the Movies – [link] Billion Dollar Bubble Are You with It? 1948 – Movie – Are You With it 1948? [YouTube-link] 1979 novel “Shibumi” Movie – The Billion Dollar Bubble YouTube [link-1] [link-2]

Equity Funding Corporation of America Speaking before state insurance commissioners at the Washington Hilton Hotel or what each called the “Equity Fundings fiasco,” Fred A. Mauck, Illinois’ newly named director of insurance, said that because of the “hard work” of state regulators Equity Funding was “not a tragedy but an absurdity.” “Quite frankly,” he said,…

Fraudsters Alexander Chatfield Burns 2015 0315 – WSJ – Young Financier’s Insurance Empire Collapses: Investments of insurance companies owned by Southport Lane Management were swapped for unusual and sometimes worthless assets, by Leslie Scism and Markmaremont – [link] James M. Fail 1990 0710- NYT – Panel Hears How Federal Aid Profited a Savings Institution, By Jeff…

Activities – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A Activities Activities Based Approach Activities – Index Back to top F FSOC – Activities Back to top I IAIS – Activities Based Approach Back to top # 2014 12 – re: FSOC SIFI Designation of MetLife, Woodall / Hamm – Views of the Council’s Independent Member Having Insurance Expertise –…

Activities Activities – Index Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. 2003 – IMF – Insurance and Issues in Financial Soundness, IMF Working Paper 03/138, by Das U, Davies N, Podpiera R – 44p

Absurd An insured has no right to rely upon an agent’s patently absurd interpretation of a policy. He ordinarily may rightfully rely, however, upon an agent’s interpretation that is plausible and not in patent conflict with the printed policy although legally untenable. Mutual Ben. Life Ins. Co. of Newark, N.J. *403 v. Bailey, 5 Storey…

Pre-funded Guaranty Fund NP – NYT-? – Mutual Benefit – Industry thinking about prefunded Fund. 1995-1, NAIC Proceedings Commissioner Robert Wilcox (Utah) agreed and suggested that there be a charge to the appropriate committee for the NAIC to study and consider a pre-funded guaranty fund and whether an interstate compact would be an appropriate mechanism…

NPR – National Public Radio 2009 0605 – This American Life / Ira Glass – [link-AUDIO and Transcript]

Problem – Lapse Commissioner Huff was appointed as Chairman of a new task force on life insurance policy lapsation. The task force was charged with the responsibility of identifying specific problems involved and seeking solutions to the problem of life insurance policy lapsation. 1976-4, NAIC Proceedings ⇒ Commissioner Huff = William H. Huff III -…