Archive for August, 2010
NCOIL Seeks Comment on Proposed Consumer Disclosure Model Act
The National Conference of Insurance Legislators (NCOIL) is seeking public comment on its proposed c…
Deutsche Bank Sues Insurance Agents over Sales of Policies, WSJ Says
Two Burbank, Calif., insurance agents have been sued by Deutsche Bank in federal court for breach o…
Judge Upholds Cease-and-Desist Order against Stamford Group
An administrative law judge in Texas has upheld the Texas State Securities Board's cease-and-desist …
Track-Life Says it Obtained Contract to Service Large Portfolio
Track-Life, an Atlanta-based servicing firm, said today it has obtained a contract to service a mult…
Massachusetts Bill May be Considered after Labor Day
A life settlement bill supported by the life settlement industry is expected to come back to the Mas…
Provider Imperial Holdings Planning $287M Public Offering
Imperial Holdings, a Boca Raton, Fla.-based company that operates a life settlements provider and pr…
Sun Life Drops STOLI Lawsuits Against Lawyer, Newspaper Says
Sun Life Assurance Co. of Canada has dropped three lawsuits against a Rhode Island lawyer it accuse…
Wide Range of Valuations for Lifemark's Portfolio, Article Says
Auditing firm Ernst & Young has presented parties interested in rescuing troubled Luxembourg life se…
Texas Judge Throws out Trinity Case
A Texas District Court judge said in a letter that she is dismissing Trinity Settlement Services' la…
New Fund Invests In Loans Backed by Life Policies
The Secured Life Fund is a new income-producing, securitized fund that invests in loans collateraliz…