The Life Settlements Report - December 20, 2007

Other Bills Regulating Market May Be Introduced in 2008

Life settlement industry representatives say the New York Insurance Department's latest plan to regulate the industry would drive investors out of the market, ultimately hurting policyholders. Full Story

State Regulators Want to Maintain Status Quo

The National Insurance Act, which would allow insurers the option of a charter from the federal government, received what may have been unprecedented attention this year, gaining support from new constituents, including New York Mayor Michael Bloomberg and potentially from the Bush administration's Treasury Department. Full Story

Coventry Claims Ownership of Life Settlement Files

Hedge fund manager Ritchie Capital Management says that it can't go through with the bankruptcy auction of more than 1,000 life settlement policies because provider Coventry First won't release documents necessary for the sale. Full Story

• Ohio House Subcommittee Holds Hearings on Bill
• Goldman Sachs Launches Tradeable Index of Longevity and Mortality Risks
• Three Sentenced For Fraud in Florida
• Life Partners Shares Fall on Disappointing Profit
• Peachtree Gets Provider's License from Georgia
• Kansas Commissioner Praeger Elected President of NAIC
• Invescor Hires Six as Life Settlement Business Expands
• Settlements For Life Hires Ad Agency
• Habersham Funding Schedules Winter Classes