The Life Settlements Report - June 21, 2007

Tiny Life-Exchange Challenges Giant Cantor Fitzgerald

This is a David versus Goliath story. David Dorr, who launched his life settlement trading web site a year ago, now is facing competition from Cantor Fitzgerald, the huge financial services firm that closed its first sale on its new electronic exchange earlier this month. Full Story

Carriers Stymy Agents, Exposing Them to Lawsuits

Looking at the life settlement market today, one has to ask – is the shortage in available policies in the secondary market due to the infancy of the market itself, or are there other factors working against the growth of the market? Indeed the market is young. Reports from life settlement firms suggest that the demand has increased almost exponentially from year to year. Full Story

Delay Gives Industry Time to Push for Revisions

New York insurance officials appeared to be fast-tracking a proposed law to regulate life settlements, but it looks like nothing will be passed in the current legislative session that ends today. New York, California, and Illinois are among the large states that still do not regulate life settlements. In all, 27 states currently have life settlement laws on the books. Full Story

• Life Partners’ First-Quarter Earnings Rise
• Texas Issues STOLI Alert to Agents
• Oregon’s Top Insurance Official Leaves for Pennsylvania Job
• Peachtree Obtains $45 Million in Credit for Life Insurance Premium Finance
• North Dakota A.G. Says Insurance Regulator Did Not Violate Open Meeting Law
• Lydia Capital Receiver Named
• Mutual Benefits Defendants Fined $3.9M
• Massachusetts Man Has Not Responded to State’s Fraud Complaint