The Life Settlements Report - March 6, 2008

Regulatory Scrutiny Also Drives Business Combinations

The recent partnership between longtime provider Legacy Benefits and an Israeli company, Mofet Holdings, is part of a trend that experts say indicates the maturing of the life settlement market. Full Story

Could It Bring a Windfall or Is It Wishful Thinking?

Many in the life settlement market are looking forward to 2010.

That's when the federal estate tax is set to be suspended. Some market players expect that high net-worth individuals will then sell life policies that had been taken out to help pay estate taxes. The volume of policies available for settlements will then be enhanced.

Coventry First’s Motion for Dismissal Approved

A federal judge in Minnesota ruled that an insurance company can't rescind a policy it claims was bought for sale on the secondary market because the company did not prove that there was a prearranged agreement to sell the policy. Full Story

Coventry Still Faces Breach-of-Contract Allegation

A federal judge threw out the two remaining claims of racketeering in a hedge fund's lawsuit against provider Coventry First. Full Story

• California Senate Committee to Hear Life Settlement Legislation
• West Virginia Legislature Adopts Viatical Bill Penalizing Consumers
• Indiana Senate Approves STOLI Definition
• Peachtree Obtains Almost $1B Credit Facility
• Regulators and Legislators Join Forces to Support State Regulation
• Life Expectancy Company Unveils New Mortality Tables
• Kansas Insurance Official Says Life Settlement Market Opposes Regulation
• NAIC Picks Consumer Representatives for 2008