The Insurance Studies Institute criticized the American Council of Life Insurers' recommendation that legislators or regulators ban the securitization of life settlements to stop STOLI. Full Story
Oklahoma State University and oilman T. Boone Pickens have filed a lawsuit over a fund-raising plan that was intended raise as much as $350 million in 20 to 25 years through death benefits paid out on elderly donors, The Chronicle of Higher Education reported. Full Story
A question on insurable interest that could have widespread implications for the life settlement market has been sent to the New York Court of Appeals. Full Story
Michael Kryza, who recently helped oversee Crump Group's acquisition of the assets of Life Settlement Insights, was named to the new position of executive vice president of corporate development for Crump.
Kryza was previously executive vice president of the firm's life insurance services division. Full Story
The Life Insurance Settlement Association (LISA) denied an assertion by the American Council of Life Insurers (ACLI) that STOLIs would likely fill securitized portfolios, endangering investors. Full Story
The life settlement industry is failing to communicate the value of life settlements to seniors, a new study by the Insurance Studies Institute says. Full Story
Life settlement lobbyists testified before a Massachusetts legislative committee in favor of a bill that would allow policies to be settled two years after they're issued. Full Story
The American Council of Life Insurers (ACLI) is calling for a ban on life settlement securitizations, saying they could lead to more stranger-originated life insurance. Full Story
A man who allegedly defrauded a school in Milwaukee in connection with a life settlement scheme was arrested Monday on suspicion of insurance fraud in Florida, the Milwaukee Journal Sentinel reported. Full Story
Integrity Capital Partners said it has two new funding sources with expanding parameters as it works on a pipeline of more than $400 million in life settlement deals. Full Story
For the third year in a row, life settlement lobbyists expect to be busy advocating laws that allow people to sell their policies two years after purchase rather than requiring them to wait five years as the life insurance industry prefers. Full Story
As more seniors face financial difficulties and look to life settlements as an option, a couple of providers see an opportunity to expand programs which offer smaller cash settlements while guaranteeing a portion of the policy's death benefit for the seller. Full Story
Goldman Sachs is getting out of the life settlements market, disappointed at its limited growth.
Longmore Capital, the provider arm of Goldman based in Southborough, Mass., began winding down its business last week, Goldman spokesman Michael DuVally told The Life Settlements Report. Full Story
A lawsuit filed last month in Pennsylvania is alleging a wide-ranging fraud by multiple players in the insurance, premium-finance, and life settlement industries that duped an elderly man with impaired vision in the purchase and sale of a $10 million policy. Full Story
- Obama Administration Proposes Changes to Life Settlement Tax Rules
- Research Firm Forecasts $13B Settlement Market in Next Four Years
- Pennsylvania Legislator Introduces Settlement Bill
- New Jersey Settlement Legislation Introduced
- Trustee: A&O Principals Looted Funds after 'Sham' Sale
- New York Insurance Department Posts Guidance on Settlement Law
- Hawaii Senate Takes Up Bill to Extend Settlement Law for Five Years
- EAGiL Financial Acquires Philadelphia Insurance Agency
- UBS Creates Insurance and Pensions Advisory Team
- Man Arrested for Alleged Insurance Fraud in Florida, Newspaper Reports
- Texas Fines Agent in Alleged Settlement Fraud
- Longevity Risk Industry Group Formed
- Treasury Dept. Receives Suspicious Reports Involving Life Settlements
- NAIC Names Leaders for Life Insurance Committee
- Hirings and Firings





