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Monday, April 28, 2014

No. 46: Michigan's Department of Insurance Summarily Suspends an Agency and Two Agents

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The Michigan Department of Insurance and Financial Services (DIFS) recently issued an order summarily suspending the licenses of Larson'...
Thursday, April 24, 2014

No. 45: STOLI and a Distressing Telephone Call

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Recently I received an e-mail from a woman in Pennsylvania who saw one of my blog posts about stranger-originated life insurance (STOLI). Sh...
Tuesday, April 22, 2014

No. 44: Symetra Life's Reasons for Changing Its Domicile from Washington State to Iowa

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Over the years many life insurance companies have redomesticated; that is, they have changed their states of domicile. For example, some com...
Monday, April 21, 2014

No. 43: Florida's Pasco County School District Faces a Decision on a "Too Good To Be True" Life Insurance Plan

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On April 8, 2014, the Tampa Bay Times carried an article by Jeffrey S. Solochek entitled "Pasco school district scrutinizes creati...
Friday, April 18, 2014

No. 42: Phoenix's Further Delayed Financial Statements

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In my post No. 41 published April 14, I reported on the March 21 cease-and-desist order issued by the Securities and Exchange Commission (SE...
Monday, April 14, 2014

No. 41: Phoenix Settles with the SEC and Begins Filing Its Delayed Financial Statements

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The Securities and Exchange Commission (SEC) recently instituted cease-and-desist proceedings directed at The Phoenix Companies, Inc. (Phoen...
Friday, April 11, 2014

No. 40: Failure of the Effort to Repeal Nebraska's Executive Compensation Disclosure Law

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In post No. 39 dated April 7, I discussed the effort—led by United Services Automobile Association (San Antonio, TX)—to repeal the century-...