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Monday, January 25, 2021

No. 407: Security Life of Denver Is the Defendant in an Ongoing 2018 Cost-of-Insurance Class Action Lawsuit

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The July 2018 Complaint On July 26, 2018, Advance Trust & Life Escrow Services (Advance Trust) filed a cost-of-insurance class action la...
Friday, January 8, 2021

No. 406: Genworth and Oceanwide—Recent Developments

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The January 4 Genworth/Oceanwide Update On October 21, 2016, Genworth Financial Inc, (Genworth) entered into a merger agreement with China O...
Wednesday, January 6, 2021

No. 405: American National and Lincoln Benefit Are the Defendants in Two Similar Class Action Lawsuits

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American National Insurance Company (ANIC) and Lincoln Benefit Life Company (LBL) are the defendants in two similar class action lawsuits. T...
Wednesday, December 23, 2020

No. 404: Executive Compensation in the Insurance Industry—2019 Data from the Nebraska Department of Insurance

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Background Beginning in 1975, in many issues of The Insurance Forum , I provided tabulations of executive compensation data in the insuranc...
Thursday, December 17, 2020

No. 403: General Electric Enters into a $200 Million Settlement with the Securities and Exchange Commission

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In No. 395 (October 26, 2020), I said General Electric Company (GE) had received a Wells notice on September 30, 2020 from the staff of the...
Friday, December 11, 2020

No. 402: Brian Alfaro, a Former Texas Securities Broker, Goes to Federal Prison

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On November 10, 2020, the U.S. Attorney in the Western District of Texas issued a press release announcing that Brian Keith Alfaro, a former...
Friday, December 4, 2020

No. 401: Unum Life of America Takes a $2 Billion Hit to Its Long-Term Care Insurance Reserves

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The MBOI Examination of ULA On June 30, 2020, Eric A. Cioppa, the Superintendent of the Maine Bureau of Insurance (MBOI), accepted and made ...