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Friday, January 27, 2017

No. 200: NOLHGA and a Coalition of Health Insurance Companies Enter into a Secret Settlement Agreement Relating to Penn Treaty's Long-Term Care Insurance

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In November 2016, the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) entered into a secret settlement ...
Monday, January 23, 2017

No. 199: Platinum Partners and CNO Financial—An Update

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On January 12, 2017, CNO Financial Group, Inc. filed an 8-K (significant event) report with the Securities and Exchange Commission (SEC). T...
Tuesday, January 17, 2017

No. 198: Torchia and Guess—an Update on Their Connection

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In No. 128 (posted November 19, 2015), I discussed a civil complaint in which the Securities and Exchange Commission (SEC) alleges that Jam...
Friday, January 13, 2017

No. 197: Genworth Financial—A New Class Action Lawsuit Filed by Three Long-Term Care Insurance Policyholders

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On December 28, 2016, three long-term care (LTC) insurance policyholders filed a class action complaint against Genworth Financial, Inc. (G...
Monday, January 9, 2017

No. 196: New York State's Insurance Regulator Orders Columbian Mutual Life to Pay Certain Death Benefits and a Fine

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On December 21, 2016, the New York State Department of Financial Services (DFS) ordered Columbian Mutual Life Insurance Company (Binghamton...
Tuesday, January 3, 2017

No. 195: Platinum Partners—Criminal and Civil Charges Filed Against Seven Individuals

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On December 14, 2016, U.S. Attorney Robert L. Capers of the Eastern District of New York filed a 49-page indictment charging seven current ...
Tuesday, December 27, 2016

No. 194: Life Partners—The Bankruptcy Court Approves a Reorganization Plan

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On November 1, 2016, U.S. Bankruptcy Court Judge Russell F. Nelms, who is handling the Life Partners case, approved a reorganization plan. ...