Archive for October 2023
1982 0715 – GOV (Senate) – Fair Insurance Practices Act – Bob Packwood (R-OR)
1982 0715 – GOV (Senate) – Fair Insurance Practices Act – Bob Packwood (R-OR) 1982 0715 – GOV (Senate) – Fair Insurance Practices Act, Bob Packwood (R-OR) — [BonkNote] [PDF-227p-GooglePlay] To Promote Interstate Commerce by Prohibiting Discrimination in the Writing and Selling of Insurance Contracts, and for Other Purposes ACLI – Barbara Lautzenheiser, senior vice president,…
Read MoreTort Reform
Tort Reform I think the proposals for tort reform currently being debated by Congress misses the point. I frankly think that “tort reform” is an attempt by the insurance industry to finger point the blame for its own mismanagement on the judicial system. — Michael A. Hatch, Commissioner, Department of Commerce, State of Minnesota, 1986…
Read MoreContract Interpretation
Contract Interpretation Absurdity 1970 – LR – The Life Insurance Law in North Dakota, by John A. Zuger – 49p 2006 – LR – Contra Proferentem: The Allure of Ambiguous Boilerplate, by Michelle E. Boardman – 25p 2013 – LR – Four Conceptions of Insurance, by Kenneth S. Abraham – 46p 1970 – LR – The Life…
Read MoreReasonable Expectations
Reasonable Expectations 3. Heard a Federal Update on the Implications of the DOL Fiduciary Rule – Brooke Stringer (NAIC) Micah Hauptman (Consumer Federation of America—CFA) said there are gaps in the current regulatory framework. He said he does not believe consumers’ reasonable expectations are being met. He said the DOL should require a fiduciary duty, regardless…
Read MoreOutline – Prudential Insurance Company
Outline – MetLife
Outline – MetLife Ronald R. Parry – Plaintiff Lawyer 1990s Rick Urso Nurses Investigation into Sales Practices of MetLife – Florida Report 1998 1231 – New Jersey Regulators, re: MetLife – Report of The Metropolitan Life Insurance Companies Located In New York, New York As Of December 31, 1998, By Examiners of The State of…
Read MoreAgents – Specific
Agents – Specific Mark K. Mason – Equitable Life Assurance Society Rick Urso – Metropolitan The Equitable Life Assurance Society and the head of its Miami office have been accused by a former agent of attracting agents with false promises and teaching them to sell life insurance through misleading statements to potential customers. The…
Read MoreProfit
Profit 1983 – SOA – Profit Standards and Analysis of Earnings for Insurance Companies, Society of Actuaries – 24p
Read MoreLife Insurance Caucus
Life Insurance Caucus Financial Protection and Life Insurance Caucus 2015 0508 – Reuters -Insurers step up lobbying to battle U.S. regulators, By Douwe Miedema – [link] “The new caucus will be instrumental in solidifying congressional support for our industry, particularly in helping to elevate our industry’s profile,” American Council of Life Insurers Chief Executive Dirk Kempthorne…
Read MoreCommercial and Financial Chronicle
Commercial and Financial Chronicle fraser.stlouisfed.org/title/commercial-financial-chronicle-1339?browse=1860s 1938 – Commercial and Financial Chronicle – TWO SECTIONS—SECTION TWO (ISSUE of JULY 16) – fraser.stlouisfed.org/files/docs/publications/cfc/cfc_1938_v146-Part2_index.pdf (IX) – Life insurance Metropolitan Life Ins. Co. ordered to bargain with union … 3890 N. Y. State passes law allowing savings banks to establish life insurance departments … 2300 Law passed reducing rate…
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