Archive for February, 2010
GAO Sends Survey to Providers Seeking Transaction Information
The U.S. Government Accountability Office sent a letter to providers on Monday saying it planned to …
Insurance Regulators Honing In on Secondary Market Annuity Sales
An insurance carrier would be allowed to cancel the living or death benefit of an annuity if it is s…
Alabama Legislator Introduces Bill Favored by Settlement Industry
A life settlement bill, put forth at the urging of settlement industry representatives, was introduc…
Mercer Launches Pension Buyout Index
Consulting firm Mercer has launched an index to help pension plans price insurance-based products th…
Deutsche Bank Closes
Two Deutsche Bank companies closed what the bank said is the largest longevity risk insurance transa…
Utah Removes Premium Financing Provision from Legislation
A provision in an insurance bill that would have limited how much a premium finance lender could hav…
Life Settlement Solutions Says it’s Subscribing to ClariNet
Life Settlement Solutions, a San Diego-based provider, said it’s reached agreement with ClearLife to…
Headway Made on Michigan STOLI Definition, Senator’s Aide Says
An aide to Michigan state Sen. Alan Sanborn said consensus was reached between the life settlement a…
Coventry Wins Appellate Reversal in Record Confidentiality Case
Coventry First won an appellate court ruling that will prevent Florida insurance regulators from rel…
Maine Legislative Committee OKs Revised Settlement Bill
A joint committee of the Maine state Legislature passed a bill yesterday that would revise a require…