Archive for March, 2010
Florida Man Targeted Christians in Settlement Scams, Paper Says
A Florida man allegedly sought out Christian-based groups to dupe in various scams involving the pu…
Alabama Senate To Consider Settlement Bill Favored by Industry
Legislation favored by the life settlement industry will go before the Alabama state Senate after th…
Principal Life Sues Trustee, Insurance Agent for Alleged STOLI
Principal Life Insurance Co. filed a lawsuit claiming fraud against a trustee of a $10 million life …
Florida Regulators Won’t Appeal Coventry Record Decision
Florida insurance officials have decided not to appeal a court ruling that prevented regulators from…
News In Brief
Judge Dismisses $5M Rescission Case Brought by Lincoln Bill is Introduced in Georgia Legislature to…
Former Prosecutor Collins Replaced As A&O Bankruptcy Trustee
Former federal prosecutor Patrick M. Collins was replaced as trustee of the A&O life settlement …
Carrier To Keep Premiums Due To Fraud
A federal judge ruled in favor of Phoenix Variable Insurance Co. earlier this month in a fraud and s…
Disclosure Option Meets Resistance In Legislatures
The life settlement industry’s push for laws that would require insurers to let people know that the…
Uncertainty In Death And Taxes
Attorneys for the Life Insurance Settlement Association (LISA) met with U.S. Treasury Department law…
Kentucky Senate Approves Consumer Disclosure Legislation
Legislation passed the Kentucky state Senate that would require insurers to let people know they can…