THE LIFE SETTLEMENTS WIRE
Posted September 02, 2010 2:56PM PST

Mark Engelhardt, former chief executive of Life Policy Group, said he was fired from the New York-based firm because it didn't want to pay him commissions on a $200 million investment he brought to the firm.

The lawsuit was filed Aug. 25 in the Supreme Court of the State of New York in New York County. Full Story


Posted September 02, 2010 2:26PM PST

A Pennsylvania legislator who introduced a bill that would prevent policies from being sold until five years after issuance appears to be changing his stance and may be supporting legislation favored by the life settlement industry that calls for a two-year waiting period before policies can be settled. Full Story


Posted September 01, 2010 11:24AM PST

SL Investment Management's two-year-old Life Plus Life Settlement Fund has earned a 10.26% return since its launch, the Chester, England-based company said in a statement Tuesday. Full Story


Posted August 31, 2010 6:29PM PST

Celebrity Betty White is showing no signs of slowing down as the octogenarian has seen a resurgence of her 60-year career. Full Story


Posted August 27, 2010 1:46PM PST

Lifemark has sold four policies for less than $5 million as it continues to work on a permanent restructuring plan, said the Luxembourg company's provisional administrator Eric Collard today. Full Story


Posted August 26, 2010 10:48AM PST

Life Settlement Solutions, a San Diego-based provider, said it has new agreements with two funders and is looking at offering new products. Full Story


Posted August 24, 2010 3:41PM PST

ISC Services, a Clearwater, Fla.-based life expectancy firm, said today it is releasing a new premium optimization product, which provides minimum premium payments through policy maturity. Full Story


Posted August 23, 2010 12:28PM PST

The National Conference of Insurance Legislators (NCOIL) is seeking public comment on its proposed consumer disclosure model act. Full Story


Posted August 20, 2010 4:00PM PST

Two Burbank, Calif., insurance agents have been sued by Deutsche Bank in federal court for breach of contract and fraud in connection with the purchase of two policies the bank said never existed, according to The Wall Street JournalFull Story


Posted August 20, 2010 2:56PM PST

An administrative law judge in Texas has upheld the Texas State Securities Board's cease-and-desist order against The Stamford Group. Full Story


OPT-IN FOR THE FREE LIFE SETTLEMENTS WIRE
FOR SUBSCRIBERS
September 02, 2010

New York premium-finance company InsCap Management uncovered evidence of alleged forgeries in at least 15 multimillion-dollar insurance policies it had originated, including one taken out by a former Tennessee insurance commissioner, according to internal company documents obtained by The Life Settlements Report. Full Story


The U.K.'s Financial Services Authority appears to be making good on its promise earlier this year that it would hone in on life settlement bond issuers and financial advisers to make sure they are not misrepresenting the risks of life settlement-based investments to individual British investors. Full Story


A dispute involving a New York fund manager affiliated with InsCap Management, which invests in life settlements and other life insurance products, has triggered a demand by the major investors to wind up the fund and remove the fund manager for "fraud and gross misconduct."


Executives of life settlement fund manager Policy Selection have launched a new income-earning fund that will invest in loans to terminally ill cancer patients using their life insurance as collateral. Full Story


  • Engelhardt Says He Was Stiffed on Commissions
  • Lifemark Sells Four Policies
  • NCOIL Seeks Comment on Model Act
  • Judge Upholds Order against Stamford
  • Coventry Complains to Regulators about AXA
  • Massachusetts Bill May be Considered after Labor Day
  • LLMA Proposes Index Framework
  • SL Investment Reports 10% Return
  • Lifeline Holds onto Star Betty White
  • Hirings & Firings
Copyright © DealFlow Media, Inc. All Rights Reserved
Sign me up for the FREE Life Settlements Wire
Email: *
First Name:
Last Name:
Company Name: