The Life Settlements Report - October 4, 2007

Florida Fraud Case Also Settled

Coventry First, considered the life settlement industry’s leading provider, won a pair of partial victories in major legal disputes in recent days, though the company still stands accused of fraudulent business practices by the New York attorney general’s office. Full Story

Canadian investors are growing increasingly active in the U.S. life settlement market. Interest in the market is growing north of the border despite restrictions against buying and selling life insurance policies from Canada. Most Canadian provinces have yet to permit the practice. Full Story

Guidelines for State Legislatures Said to Be ‘Tainted’

A committee chairwoman of a national insurance regulatory group says she doesn’t plan to reopen deliberations over proposed guidelines for regulating the life settlement market, despite allegations that they may have been tainted by conflicts of interest. Full Story

• Investment Bank Accuses Life Partners of Reneging on Stock Warrant
• Three More Sentenced to Prison in Mutual Benefits Case
• New Provider Forms for Fractional Investors
• Insurance Group Names New Board Member
• Provider Expands Fall Class Offerings
• Specialty Finance Company Hires Sales Manager
• Two Insurance Trade Groups Recommend Merger