The Life Settlements Report - September 20, 2007

Poolman Says He Wasn’t Influenced by InsCap Consultant

A former insurance commissioner who led efforts to overhaul laws nationwide governing the life settlement industry repeatedly dined with and accepted contributions from a premium finance company’s executives and a controversial lobbyist the firm employed over the past year-and-a-half. Full Story

Rapidly evolving investment strategies that turn life insurance policies into an asset class are testing states’ insurable interest laws. These laws define whether a person or entity has a legal right to purchase life insurance on another individual and were written more than a century ago. Until recently, insurable interest laws have remained largely unchanged. But increasingly these laws have been challenged, and momentum is growing to alter them further. Full Story

Billionaire Family Said to Have Known of Life Settlement Risks

An Illinois state court dismissed part of a securities-fraud lawsuit that the billionaire Huizenga family filed against hedge fund manager Ritchie Capital Management. Full Story

• Insurer Loans Might Compete with Life Settlements
• Unsettled Stranger- Originated Insurance Draws Scrutiny
• Credit Rating Agency Calls Secondary Market a Threat to Insurance Industry
• Troubled New York Liquidation Agency Restructures Management
• Legal Advisor to Maryland Governor Named Insurance Commissioner
• MaxLife Buys $4M Portfolio
• Life Settlement Insights Hires Former Progressive Director as EVP
• Meteor, EEA Reportedly Launching Life Settlement Fund
• Influential State Lawmaker Gives Speech Drafted by Insurers’ Trade Group