The Life Settlements Report - February 7, 2008

Judge Allows Alleged STOLI Case to Proceed

A judge's criticism of a $10 million death-benefit payout shows the risks investors face when they buy policies in trusts that may lack insurable interest, according to life settlement industry representatives. Full Story

Big Foreign Investors Adjust to Loss of Tax Breaks

German investors' appetite for U.S. life settlement investments has returned, a key benchmark shows. Full Story

Lincoln National Life Insurance is suing a California physician, claiming that he misrepresented his circumstances when he applied for three insurance policies valued at $10 million each. Full Story

• Ohio House Passes Five-Year Waiting Period
• Indiana House Fails to Adopt Five-Year Waiting Period
• Dinallo Appointed to Head NAIC Committee
• Judge Refuses to Dismiss Ritchie Case
• Mofet Buys 50% Stake in Legacy
• Life Settlement Brokerages Merge on East Coast
• Patriot Group Provides $45M Credit Facility to Peachtree
• California Drops Order Against Pacific West
• Former MassMutual Executive Joins Legacy Funding Board
• Genesett Names Managing Director
• Peachtree Reports $300M in Trading Commitments
• Value Life, Chapman, Hext Form Joint Venture to Service Portfolios
• Maine Governor Nominates Academic as Insurance Regulator
• Abacus Settlements Resolves Name Dispute with European Company