Back Issues 2004 - 2013

All back issues of The Insurance Forum, from January 1974 through December 2013, are available in hard copy. The titles of the articles in issues from January 2004 through December 2013 are in the accordion below. Click on a year to open or close the panel for that year. For ordering instructions, click here. All back issues are $10 except for the following eight issues, which are $25:  December 1987, October 1988, April 1997, December 1998, March 1999, July 2013, August 2013, and September 2013. For bulk pricing, please contact us. For years not on this page, click on the drop-down menu link for the page you need, or use the links below.

1974-1983    1984-1993     1994-2003


  • 2004

    January/February 2004 (20 pages; $10)

    • Spencer L. Kimball
    • Conseco Expands Its Assault on Policyholders
    • An Update to Our September 2003 Special Ratings Issue
    • From the Mailbag
    • A Letter from National Life of Vermont
    • Conseco Exaggerates Its RBC Ratios
    • Anti-Consumer Regulation from the Illinois Insurance Department
    • Appendix A:  Southwestern Life Letter to Policyholder (May 1989)
    • Appendix B:  Philadelphia Life Memorandum about the R-factor (1995 or earlier)
    • Appendix C:  Massachusetts General Letter to "Policyholder or Agent" (1995 or earlier)
    • Appendix D:  Recent Rating Actions Affecting Life-Health Insurance Companies

    March/April 2004 (24 pages; $10)

    • Secondary Guarantees, Marketers, Actuaries, Regulators, and a Potential Financial Disaster for the Life Insurance Business
    • Lesson:  Nonforfeiture Benefits
    • Lesson:  The Tontine Concept
    • Lesson:  Term to 100 in Canada
    • Conseco Adds to the Confusion Surrounding RBC Ratios
    • Conseco's Combined RBC Ratios
    • My Questions and Conseco's Answers
    • TIAA's Surprising Exit from the Long-Term Care Insurance Business
    • Statement of Joseph M. Belth on TIAA Transfer to MetLife
    • From the Mailbag

    May/June 2004 (16 pages; $10)

    • Life Insurance:  An Industry Built on Secrecy
    • Conseco Further Expands Its Assault on Policyholders
    • The Utah Insurance Commissioner Blocks Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • Correspondence with an Attorney about Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • From the Mailbag

    July/August 2004 (20 pages; $10)

    • E. J. Moorhead
    • Flawed Life Insurance Programs Promoted to Charities
    • An Incident Involving Conseco Life's Appointed Actuary
    • Personal Reflections about Jack Moorhead
    • Executives' Compensation in 2003
    • A Request for Readers' Comments
    • An Inquiry to the Insurance Commissioner of the District of Columbia about Fractional Premium Charges
    • Our Detailed 2002-2003 Index
    • Appendix A:  Compensation Data for 2003 from Proxies
    • Appendix B:  Compensation Data for 2003 from Nebraska
    • Appendix C:  Compensation Data for 2003 from New York

    September 2004 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Ratings List of Insurance Companies
    • Suggested Insurance Companies for Conservative Consumers
    • Watch List of Insurance Companies
    • Rating Firms' Descriptions of Their Rating Categories
    • Distributions of the Ratings of Insurance Companies

    October 2004 (4 pages; $10)

    • The Magnitude of the Underpricing in Universal Life Policies with No-Lapse Guarantees
    • Rating Firms Sound the Alarm

    November 2004 (16 pages; $10)

    • The Growing Availability of Easy-To-Use Calculators for Annual Percentage Rates Associated with Fractional Premiums
    • Executives' Compensation--A Correction
    • From the Mailbag
    • Risk-Based Capital Ratios
    • Surplus Note Usage by Insurance Companies
    • Appendix A:  Data on Risk-Based Capital
    • Appendix B:  Data on Surplus Notes

    December 2004 (4 pages; $10)

    • An Investigation of the Secret Dividend Expense Charges in Five Life Insurance Policies
  • 2005

    January 2005 (24 pages; $10)

    • Eliot Spitzer and the Insurance Industry
    • Conflicts of Interest Relating to Compensation in the Distribution Component of the Insurance Industry
    • Appendix: Text of Spitzer Complaint against Marsh

    February/March 2005 (24 pages; $10)

    • John Douglas Long
    • The Multistate Settlements Relating to UnumProvident's Disability Insurance Claims Practices
    • Northwestern Mutual and the NASD
    • An Anonymous Comment about Executive Compensation at Massachusetts Mutual
    • Why We Omitted the Weiss Ratings from Our September 2004 Special Ratings Issue
    • Response to Comments about the Omission of the Weiss Ratings from Our September 2004 Special Ratings Issue
    • An Update to Our September 2004 Special Ratings Issue
    • Appendix A:  Statement of Joseph M. Belth about the Multistate Settlements with UnumProvident
    • Appendix B:  Letter from Friedman, Rubin & White about the Multistate Settlements with UnumProvident
    • Appendix C:  Letter from Bonny G. Rafel about the Multistate Settlements with UnumProvident
    • Appendix D:  Excerpt from the NASD Settlement with Northwestern
    • Appendix E:  Recent Rating Actions Affecting Insurance Companies

    April 2005 (8 pages; $10)

    • The Georgia Examination Report on UnumProvident's Disability Insurance Claims Practices
    • Appendix:  Excerpts from the Georgia Examination Report

    May/June 2005 (28 pages; $10)

    • Charles P. Hall, Jr. and Kenneth Black, Jr.
    • Northwestern Mutual Fights Back against PPSI/Stinnett
    • The Settlement of the Spitzer Complaint against Marsh
    • The Unpublicized Spitzer Complaint against Aon
    • The A. L. Williams/Primerica Aspect of the Transaction between MetLife and Citigroup
    • Wet on Met? (by Alan Press)
    • From the Mailbag
    • A Conflict of Interest for Actuaries Involved in Both Life Settlements and Universal Life with No-Lapse Guarantees
    • A Conflict of Interest for Joseph Petrelli of Demotech
    • Appendix A:  Excerpts from Northwestern Mutual's Complaint against PPSI/Stinnett
    • Appendix B:  Text of the Spitzer/Marsh Agreement
    • Appendix C:  Memorandum about the Internal Investigation at Marsh

    July 2005 (20 pages; $10)

    • TIAA-CREF's Governance Crisis Caused by the Mishandling of an Auditor Independence Violation
    • Executives' Compensation in 2004
    • The Governance Crisis at Massachusetts Mutual
    • Appendix A:  Compensation Data for 2004 from Proxies
    • Appendix B:  Compensation Data for 2004 from Nebraska
    • Appendix C:  Compensation Data for 2004 from New York

    August 2005 (28 pages; $10)

    • The Spitzer/Mills Complaint Against AIG, Greenberg, and Smith
    • Willis Incorrectly Portrays Its Agreement with Spitzer and Mills
    • The Term-Only License Proposal and the Citigroup/Primerica Culture (by Joseph M. Belth and Alan Press)
    • Slavery and Insurance
    • A Horrific Event Involving Slaves and Insurance (by Adam Hochschild)
    • Appendix A:  Text of Spitzer/Mills Complaint against AIG, Greenberg, and Smith
    • Appendix B:  Excerpt from Spitzer/Mills Settlement with Willis

    September 2005 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Ratings List of Insurance Companies
    • Suggested Insurance Companies for Conservative Consumers
    • Watch List of Insurance Companies
    • Rating Firms' Descriptions of Their Rating Categories
    • Distributions of the Ratings of Insurance Companies

    October 2005 (16 pages; $10)

    • The Disciplinary Body of the U. S. Actuarial Profession Says Joseph Petrelli of Demotech Does Not Have a Conflict of Interest
    • Surplus Note Usage by Insurance Companies
    • Risk-Based Capital Ratios
    • Appendix A: Data on Surplus Notes
    • Appendix B:  Data on Risk-Based Capital

    November 2005 (8 pages; $10)

    • Harry K. Privette
    • Hurricane Katrina and the Gulf Coast
    • The Greenberg Attorneys' Memorandum about AIG's Restatements
    • Indictments of Former Marsh Executives
    • Appendix:  Preface and Overview in the Greenberg Attorneys' Memorandum

    December 2005 (12 pages; $10)

    • Prudential, the Internal Revenue Service, and the Taxation of Waiver-of-Premium Disability Benefits
    • A Disapproved Reorganization Plan Involving Security Mutual Life of New York and Ohio National Life
    • Developments Relating to TIAA's Transfer of Its Long-Term Care Insurance Business to Metropolitan Life
  • 2006

    January 2006 (12 pages; $10)

    • The California Insurance Department's Settlement with UnumProvident Relating to Disability Insurance Claims Practices
    • An Angry Book about UnumProvident's Disability Insurance Claims Practices
    • Appendix A:  Allegations in the California Insurance Department's Accusation Concerning UnumProvident's Disability Insurance Claims Practices
    • Appendix B:  Excerpts from the Federal Court Decision in the Hangarter Case

    February/March 2006 (20 pages; $10)

    • Aftermath of the California/UnumProvident Settlement Relating to Disability Income Insurance Claims Practices
    • The Disability Insurance Industry's Attack on California's Consumer Protection Initiative (by Mark D. DeBofsky)
    • Spitzer, Greenberg, and The Starr Foundation
    • More on the Federal Income Taxation of Waiver-of-Premium Disability Benefits
    • An Update to Our September 2005 Special Ratings Issue
    • From the Mailbag
    • Hurricane Katrina and the National Geographic
    • Appendix A:  Attorney General Eliot Spitzer's Letter to The Starr Foundation and Related Documents
    • Appendix B:  Recent Rating Actions Affecting Insurance Companies

    April 2006 (8 pages; $10)

    • The Background, Nature, and Causes of the Financial Crisis at The American College

    May 2006 (12 pages; $10)

    • Criminal and Civil Charges against Individuals Associated with a Discredited AIG/Gen Re Transaction, and Related Developments
    • Undervaluation of Life Insurance Protection and a Resulting Improper Reduction in the Tax Revenue of the United States Government
    • My Letter to the IRS about the Taxation of Waiver-of-Premium Disability Benefits
    • Our Detailed 2004-2005 Index
    • Appendix A:  Telephone Conversations Quoted in the SEC Complaint
    • Appendix B:  SEC Press Release Announcing the Settlement with AIG
    • Appendix C:  DOJ Press Release Announcing the Settlement with AIG

    June 2006 (12 pages; $10)

    • The Growing Speculation in Human Lives through the Secondary Market for Life Insurance Policies
    • A Letter from a UnumProvident Claimant
    • Appendix A:  Karl J. Ohrman's Letter to a Charitable Organization
    • Appendix B:  New York Insurance Department's Opinion on Certain Speculator-Initiated Life Insurance Transactions

    July 2006 (24 pages; $10)

    • Hartford's Settlement of the New York and Connecticut Complaints about Secret Commissions on Terminal and Maturity Funding Annuities
    • The Ill-Advised ACLI Proposal for an Excise Tax on Speculator-Initiated Life Insurance Transactions
    • From the Mailbag
    • Executives' Compensation in 2005
    • Appendix A:  Excerpts from Spitzer Complaint against Hartford
    • Appendix B:  Cross-references for Executive Compensation Data
    • Appendix C:  Compensation Data for 2005 from the SEC
    • Appendix D:  Compensation Data for 2005 from Nebraska
    • Appendix E:  Compensation Data for 2005 from New York

    August 2006 (16 pages; $10)

    • Life Insurance Companies Should Take Over the Secondary Market for Their Policies
    • UnitedHealth Group and the Scandal Surrounding Stock Options
    • Insurance Companies' Risk-Based Capital Ratios
    • Insurance Companies' Usage of Surplus Notes
    • Appendix A:  Risk-Based Capital Data
    • Appendix B:  Surplus Note Data

    September 2006 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2006 (8 pages; $10)

    • An Update on Northwestern Mutual's Lawsuit against PPSI/Stinnett
    • Disclosure of Executive Compensation Moves Front and Center--Except among State Insurance Regulators
    • A Report on Freedom of Information Acts

    November/December 2006 (24 pages; $10)

    • James C. Hickman
    • Amended Criminal Charges over an AIG/Gen Re Transaction and Amended Civil Charges against Greenberg/Smith
    • DOJ, SEC, and State Insurance Regulatory Actions against Abusive Practices Directed at Military Personnel
    • The NAIC Campaign to Create a Monopoly in the Distribution of Insurance Company Financial Statements
    • Oregon's 1996 Repeal of the Gag Rule on Risk-Based Capital Data
    • Comdex and the Use of Numbers To Summarize the Ratings of Insurance Companies
    • Appendix A:  Text of Spitzer/Mills Amended Complaint against Greenberg/Smith
    • Appendix B:  Excerpts from Government Complaints against American-Amicable
  • 2007

    January/February 2007 (32 pages; $10)

    • A Blistering Report about the Stock Options Scandal at UnitedHealth
    • The Stock Options Scandal at HCC
    • Spitzer, Coventry, and the Secondary Market for Life Insurance Policies
    • A Surprising Arbitration Award in the Dispute between Robert O'Connell and Massachusetts Mutual
    • New York/California Settlements with UnumProvident Relating to Undisclosed Compensation Paid to Brokers
    • New Hampshire, New York, and NASD Settlements with ING
    • Appendix A:  Excerpts from Arbitration Award in the Dispute between Robert O'Connell and Massachusetts Mutual
    • Appendix B:  Excerpts from Court Filing by Massachusetts Mutual Relating to the Arbitration Award to Robert O'Connell
    • Appendix C:  Excerpts from Spitzer Settlement with UnumProvident
    • Appendix D:  Excerpt from Spitzer/ING Assurance of Discontinuance

    March/April 2007 (20 pages; $10)

    • Mark S. Dorfman and Christopher E. DiPasquale
    • A Summary of Eliot Spitzer's Insurance Investigation
    • Three State Attorneys General Enforce Agreements with Insurers to Stop Paying Contingent Compensation
    • The DiPasquale Disability Case
    • The Surplus Note Catastrophe at Atlantic Mutual
    • The New York Times Features Spinlife and the Secondary Market for Life Insurance Policies
    • More on Life Insurance Policy Buyout Programs
    • The Minnesota Complaint against Allianz Life for Selling Unsuitable Deferred Annuities to Seniors
    • An Added Dimension of the National Stock Options Scandal
    • A Setback for Massachusetts Mutual in Its Bitter Dispute with Robert O'Connell
    • A Book about "Hank" Greenberg and AIG
    • From the Mailbag

    May 2007 (12 pages; $10)

    • Fake Reinsurance Obtained by MBIA
    • Fake Insurance Promoted by AIG
    • Enron-Style Entities Promoted by AIG
    • Fake Reinsurance Obtained by RenRe
    • Unacceptable Surplus Promoted by Citibank

    June 2007 (16 pages; $10)

    • The Proposed Class Action Settlement of Conseco's Assault on Universal Life Policyholders
    • Metropolitan Life's Flawed Attempt to Take Over TIAA's Obligations Relating to Long-Term Care Insurance Policies

    July 2007 (16 pages; $10)

    • A Landmark Decision about the Secondary Market for Life Insurance Policies
    • Executives' Compensation in 2006
    • Appendix A:  Cross-References for Executive Compensation Data
    • Appendix B:  Compensation Data for 2006 from the SEC
    • Appendix C:  Compensation Data for 2006 from Nebraska
    • Appendix D:  Compensation Data for 2006 from New York

    August 2007 (16 pages; $10)

    • The Expanding Crackdown on Deception in the Sale of Unsuitable Annuities to Seniors
    • Insurance Companies' Risk-Based Capital Ratios
    • Insurance Companies' Usage of Surplus Notes
    • A Major Development in New York Relating to Disclosure of Executive Compensation
    • Appendix A:  Risk-Based Capital Data
    • Appendix B:  Surplus Note Data

    September 2007 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2007 (8 pages; $10)

    • The New York Insurance Department Changes Its Position on Compensation Disclosure
    • A Novel about Viatical Transactions
    • The Mounting Legal Problems at Life Partners
    • Appendix:  Letter to LICONY from the New York Insurance Department

    November 2007 (8 pages; $10)

    • A Critical Report by Three Securities Regulatory Organizations about "Free Lunch" Seminars that Target Seniors
    • Observations on Reports Filed in Texas by Coventry First and Life Partners
    • New York Life's "Access Plus" Program
    • Corrections in Our Executive Compensation Tabulations for 2006

    December 2007 (8 pages; $10)

    • The Minnesota/Allianz Settlement about Sales of Unsuitable Deferred Annuities to Seniors
    • The New York Insurance Department’s Procedure in the Promulgation of Regulations
    • Recent Developments in New York and Florida Relating to Coventry and the Secondary Market for Life Insurance Policies
    • Commission Differentials in Deferred Annuities (by Vincent P. Gallagher)
    • From the Mailbag
  • 2008

    January 2008 (8 pages; $10)

    • Obscene Commissions for Intermediaries in the Secondary Market for Life Insurance Policies
    • Larry King's Lawsuit against an Insurance Agent Relating to a Pair of 2004 Transactions in the Secondary Market
    • The National Underwriter Magazine and the Secondary Market for Life Insurance Policies
    • Another Proposed Alternative to the Secondary Market for Life Insurance Policies
    • Warren Buffett's Losing Bet against the Boston Red Sox

    February 2008 (8 pages; $10)

    • Lincoln National’s Lawsuit Seeking Rescission of $30 Million of Spinlife, and Other Developments Relating to Spinlife

    March 2008 (8 pages; $10)

    • The Scandalous Failure of the Health Insurance Industry to Assist in Solving the Tragedy of the Uninsured in America (by Alan Press)
    • From the Mailbag
    • Nationwide's Confidential Method of Determining Dividends on Life Insurance Policies

    April 2008 (8 pages; $10)

    • Jonathan Blattmachr and the Use of Life Insurance in Aggressive Efforts to Avoid Taxation
    • From the Mailbag
    • Recent Developments Involving Life Partners
    • Taxation of Life Insurance Premiums in Alaska and South Dakota

    May 2008 (8 pages; $10)

    • The Minnesota Attorney General, American Equity, Aviva, and the Selling of Unsuitable Annuities to Seniors
    • The California Commissioner, Allianz, and the Selling of Unsuitable Annuities to Seniors
    • The Minnesota Commissioner, American Investors Life, AmerUs Life, and the Selling of Unsuitable Annuities to Seniors
    • MBIA's $1 Billion Offering of Surplus Notes
    • Correspondence about Our February 2008 Issue

    June 2008 (16 pages; $10)

    • Julia M. Carson
    • More on the Tragedy of the Uninsured in America (by Alan Press)
    • The Use of Spinlife to Facilitate Replacement
    • "Free Insurance"--What I Tell My Friends (by Stephan R. Leimberg)
    • From the Mailbag

    July 2008 (16 pages; $10)

    • Shortcomings of Private Insurance in Financing Long-Term Care
    • Executives' Compensation in 2007
    • Appendix A:  Cross-References for Executive Compensation Data
    • Appendix B:  Compensation Data for 2007 from the SEC
    • Appendix C:  Compensation Data for 2007 from Nebraska
    • Appendix D:  Compensation Data for 2007 from New York

    August 2008 (16 pages; $10)

    • The Unconventional NAIC Settlement with Conseco on Long-Term Care Insurance
    • Insurance Companies' Risk-Based Capital Ratios
    • Insurance Companies' Usage of Surplus Notes
    • From the Mailbag
    • Life Insurance Company Statements on Spinlife
    • Appendix A:  Risk-Based Capital Data
    • Appendix B:  Surplus Note Data

    September 2008 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2008 (8 pages; $10)

    • The Decimation of New York State's Century-Old Compensation Disclosure Law
    • The Need for More Transparency in the Actuarial Profession's Disciplinary Procedures
    • Recent Developments at Life Partners
    • Trans World, Military Sales, and the Georgia Insurance Commissioner

    November 2008 (8 pages; $10)

    • Conseco's Separation from a Financially Troubled Long-Term Care Insurance Subsidiary
    • An Important Court Decision about the Income Taxation of Demutualization Distributions
    • Variable Universal Life--Buyer Beware! (by Scott J. Witt)
    • From the Mailbag

    December 2008 (8 pages; $10)

    • Daniel J. McCarthy
    • The Nationalization of AIG
    • More on Actuarial Disciplinary Procedures
    • The Failure of the Automobile Insurance System (by Carl E. Nash)
  • 2009

    January 2009 (8 pages; $10)

    • Playing the Blame Game
    • The Restructured AIG Nationalization Plan
    • More on Conseco's Separation from a Troubled Long-Term Care Insurance Subsidiary
    • The Business Model of the Bond Insurers

    February 2009 (8 pages; $10)

    • Capital Infusions into Life Insurance Companies by Weakening Statutory Accounting Rules
    • The Importance of Comprehensive, Universal Health Insurance (by Alan Press)
    • An Investigation of Long-Term Care Insurance by the Texas Attorney General
    • From the Mailbag
    • A Defeat for Life Partners in a Dispute with the Colorado Securities Commissioner

    March 2009 (8 pages; $10)

    • Two Recent Court Decisions Critical of Unum's Disability Insurance Claims Practices
    • Another Conseco Assault on Policyholders
    • A Surprising Lawsuit Filed by Great American
    • More on Life Partners and the Colorado Securities Commissioner
    • A Reminder about Electronic Enrollment

    April 2009 (8 pages; $10)

    • James A. Ballew
    • The NAIC's Rejection of the Life Insurance Industry's Request for Capital Relief and the Aftermath of the Rejection
    • The Prison Sentences Imposed on Former Executives of AIG and GenRe
    • A Lawsuit by American General Seeking Nullification of a Spinlife Policy
    • More on Great American's Effort to Invoke Its Excess Liability Policy's Pollution Exclusion After a Fire
    • Mailing Lists Used in the Madoff Bankruptcy Court Proceeding Become Public

    May 2009 (8 pages; $10)

    • The Flurry of Capital Infusions into Insurance Companies through Statutory Accounting Changes Approved by Individual Regulators
    • Observations on Financial Ratings of Insurance Companies and the Recent Downgrades (this article contains a partial ratings update to the September 2008 special ratings issue)

    June 2009 (8 pages; $10)

    • Tardy Disclosure of an Important Element in the Approval of Conseco's Separation from a Troubled Long-Term Care Subsidiary
    • Money Laundering through Annuities
    • The Minnesota Department's Attack on Spinlife
    • Phoenix Life, Steven Lockwood, and Several Lawsuits Relating to Spinlife

    July 2009 (20 pages; $10)

    • A Host of Allegations about the Activities of a Funeral Trust Fund in Illinois
    • Executives' Compensation in 2008
    • Appendix A: Compensation Data for 2008 from the SEC
    • Appendix B: Compensation Data for 2008 from Nebraska
    • Appendix C: Compensation Data for 2008 from New York
    • Appendix D: Compensation Data for 2007 from New York

    August 2009 (20 pages; $10)

    • A. Martin McBirney
    • Capital Relief for Insurance Companies through Accounting Changes Approved by Regulators
    • Insurance Companies’ Usage of Surplus Notes
    • Insurance Companies’ Risk-Based Capital Ratios
    • More on the Illinois Funeral Directors
    • How Insurance Companies Screen for Spinlife
    • Appendix:  Risk-Based Capital Data

    September 2009 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2009 (8 pages; $10)

    • The Need to Disclose to Consumers the Financial Ratings of Insurance Companies
    • The Debate over a Public Option in Health Insurance (by Alan Press)
    • The Compensation of Top Insurance Executives in the Past Decade
    • Appendix: Compensation of Selected Insurance Companies' Top Executives in 1999-2008

    November 2009 (8 pages; $10)

    • The Greenberg/Smith Settlements with the SEC
    • An Indictment in a Preneed Funeral Case
    • A Bear Market Bailout for the Life Insurance Industry (by Scott J. Witt)
    • More on the 2008 Amendment to New York's Executive Compensation Disclosure Law
    • Appendix A: Excerpt from SEC Complaint against Greenberg and Smith
    • Appendix B: Excerpt from Indictment of Randall Sutton of National Prearranged Services

    December 2009 (8 pages; $10)

    • Coventry First's Settlement with New York Attorney General Andrew Cuomo
    • The Extraordinary Court Rejection of the Proposed SEC/Bank of America Settlement
    • The Need for Disclosure and Due Process in Automobile Liability Insurance Claims
    • Alan Press, NAIFA, and the Health Care Crisis
    • Lip Service from NAIFA and Its Allies Instead of a Solution to the Health Care Crisis (by Alan Press)
    • Health Care Reform the Right Way (by Thomas D. Currey)
    • From the Mailbag
  • 2010

    January 2010 (8 pages; $10)

    • An Unsuitable Life Annuity from TIAA
    • A Jury Verdict about Allianz's Deceptive Selling of Annuities to Seniors
    • Conseco's Settlement with the California Department on Long-Term Care Claims
    • Still More on the Illinois Funeral Directors
    • An Appellate Court Ruling on the Taxation of Demutualization Distributions

    February 2010 (8 pages; $10)

    • An Introductory Note from the Editor
    • How Lloyd's Saved Itself (by Richard E. Stewart and Steven E. Sigalow)
    • Editor's Postscript

    March 2010 (8 pages; $10)

    • A New York Life Advertisement Incorporating a Questionable Comparison
    • Two Related Lawsuits Illustrating Potential Consequences of Spinlife Arrangements
    • Trans World, Military Sales, and Insurance Regulators in Florida and Georgia
    • From the Mailbag

    April 2010 (8 pages; $10)

    • Stranger-Originated Life Annuities
    • FINRA’s BrokerCheck Reports
    • An Interesting Telephone Call about Spinlife
    • How Reliance Standard Writes Letters Instead of Honoring Disability Insurance Claims
    • A Legal Dispute Involving Charitable Life Insurance, Oklahoma State University, Boone Pickens, and Lincoln National

    May 2010 (8 pages; $10)

    • ACLI Seeks a Ban on Securitization of Life Settlements
    • Further Developments Relating to Bank of America’s Acquisition of Merrill Lynch
    • John Grisham and the Insurance Industry
    • Prudential, Disability Claims, and ERISA
    • Appendix A: Statement by the ACLI
    • Appendix B: ILMA Comments on ACLI Statement
    • Appendix C: LISA Comments on ACLI Statement

    June 2010 (8 pages; $10)

    • Herbert S. Denenberg
    • How a Medical Reviewer Helped Reliance Standard Deny Disability Claims
    • American Equity Investment Life, the Minnesota Commerce Department, and the SEC
    • The U.S. Treasury Department’s Report on Charity-Owned Life Insurance
    • Our Detailed 2008-2009 Index
    • The Illinois Insurance Department Discusses National Health Insurance Reform
    • Appendix: The Illinois Department’s Points

    July 2010 (16 pages; $10)

    • Deceptive Promotion of Charitable Gift Annuities
    • Trans World, Military Sales, and Georgia Insurance Commissioner John Oxendine
    • Ohio National’s Anti-Spinlife Actions
    • The Commission Chargeback Clause in Protective Life’s Contracts with Agents
    • A Useful Report on Health Care Reform
    • Executives’ Compensation in 2009
    • Appendix A: Compensation Data for 2009 from the SEC
    • Appendix B: Compensation Data for 2009 from Nebraska
    • Appendix C: Compensation Data for 2009 from New York

    August 2010 ( 16 pages; $10)

    • TIAA and Northwestern Issue Surplus Notes
    • Insurance Companies’ Usage of Surplus Notes
    • Insurance Companies’ Risk-Based Capital Ratios
    • Appendix A: Surplus Note Data
    • Appendix B: Risk-Based Capital Data

    September 2010 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2010 (8 pages; $10)

    • Eugene R. Anderson
    • The Furor over Retained Asset Accounts
    • Conseco's Series of Assaults on Policyholders
    • The SEC and GAO Reports on Life Settlements

    November 2010 (8 pages; $10)

    • Unclaimed Life Insurance Property
    • The Primerica Replacement Empire (by Alan Press)

    December 2010 (8 pages; $10)

    • More about Retained Asset Accounts
    • The 1973 Hart Hearings in Retrospect
    • A Question about Life Settlements
    • John Grisham Strikes Again
    • An Important Court Decision Relating to Rights of Participating Policyholders in Canadian Stock Companies (by R. Alastair Rickard)
    • The Origin of Retained Asset Accounts (by Gerry H. Goldsholle)
    • An Important New Book
    • From the Mailbag
  • 2011

    January 2011 (12 pages; $10)

    • The Hughes-Armstrong Investigation of 1905
    • Conflicting Views about Private Social Security Accounts
    • Appendix: Excerpts from the Report of the Hughes-Armstrong Investigation of 1905

    February 2011 (8 pages; $10)

    • Primerica’s Quiet Campaign to Decimate State Agent License Examination Requirements (by Joseph M. Belth and Alan Press)
    • The New York Department Halts New Sales of New York Savings Bank Life Insurance
    • A Major Indictment in a Preneed Funeral Case

    March 2011 (8 pages; $10)

    • Retained Asset Accounts, ERISA, and the Analogy to Mortgage Escrow Accounts
    • A Recent Example of Class A Deception in Life Insurance
    • Legal and Lobbying Expenses of Large Life Insurance Companies
    • Appendix: Legal and Lobbying Expenses

    April 2011 (8 pages; $10)

    • The Vaysman Spinlife Fraud Case
    • The Waldhauser/Davis Viatical Fraud Case and Its Grisly Prelude
    • The Brasner Spinlife Fraud Case
    • The Pacific Capital Indemnity Fraud Case
    • The Jenkins Spinlife Fraud Case

    May 2011 (8 pages; $10)

    • Barbara D. Stewart
    • A Court Defeat for Northwestern Mutual
    • An Important Book about the Health Insurance Industry’s Deceptive Public Relations
    • Coventry First’s Lawsuit against John Hancock
    • The Collapse of a Florida Ponzi Scheme
    • Prosecutors Go After the Little Guys

    June 2011 (8 pages; $10)

    • Aviva Seeks To Rescind 119 Church-Originated Life Insurance Policies
    • Drawbacks of Life Annuities
    • An Empty Offer of Coverage from a Subsidiary of AmTrust Financial Services
    • The NAIC’s Weak Response to the Problem of Stranger-Originated Annuities
    • An Important Development Involving Life-Settlement-Backed Securities
    • From the Mailbag

    July 2011 (16 pages; $10)

    • More on Northwestern Mutual’s Court Defeat
    • Executives’ Compensation in 2010
    • Recent Developments at Life Partners
    • A Superb Book about the Madoff Scandal
    • From the Mailbag
    • Appendix A: Compensation Data for 2010 from the SEC
    • Appendix B: Compensation Data for 2010 from Nebraska
    • Appendix C: Compensation Data for 2010 from New York

    August 2011 (16 pages; $10)

    • The Secondary Market for Annuities
    • Further Developments at Life Partners
    • From the Mailbag
    • Insurance Companies’ Usage of Surplus Notes
    • Insurance Companies’ Risk-Based Capital Ratios
    • A Class Action Lawsuit about Northwestern Mutual’s Policy Loan Interest Rates
    • Appendix A: Surplus Note Data
    • Appendix B: Risk-Based Capital Data

    September 2011 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2011 (8 pages; $10)

    • Recent Important Rating Actions
    • More on the Secondary Market for Structured Settlement and Retirement Annuities
    • Reversal on Appeal of the Criminal Convictions of Five Former Insurance Executives
    • Health Research Group’s Excellent Newsletter
    • Still More on Northwestern Mutual’s Court Defeat
    • From the Mailbag

    November 2011 (8 pages; $10)

    • An Investigation by the Texas Securities Board and Other Significant Developments at Life Partners
    • The Saga of Shenandoah Life
    • Colorado and Minnesota Insurance Regulators Move against Two Bail Bond Companies
    • The Proliferation of Lawsuits Relating to Mortgage-Backed Securities
    • Legal and Lobbying Expenses of Life Insurance Companies

    December 2011 (8 pages; $10)

    • Two Landmark Anti-STOLI Decisions by the Delaware Supreme Court
    • New York Life’s Deceptive Promotional Piece
    • Another Dimension of the Secondary Market for Life Insurance
    • Life Insurance Companies’ Comments on Future Policy Dividends
  • 2012

    January 2012 (8 pages; $10)

    • Gaps in State Regulation of Insurance
    • Disciplinary Actions Imposed on Actuaries by Their Professional Organizations
    • Ill-Advised State Government Promotions of Private Long-Term Care Insurance
    • A Few Words about the Late Andy Rooney

    February 2012 (8 pages; $10)

    • The Controversy over Reserves for Universal Life Policies with Secondary Guarantees
    • More on the Brasner Spinlife Fraud Cases
    • Life Partners’ Filing of Its Long-Delayed Financial Reports

    March 2012 (8 pages; $10)

    • The Victimization of an Elderly Widow through Life Insurance and Annuity Churning
    • Recent Civil and Criminal Cases Relating to Stranger-Originated Life Annuities
    • Limited Progress in Addressing Deceptive Promotions of Charitable Gift Annuities

    April 2012 (8 pages; $10)

    • Massachusetts Mutual’s Fractional (Modal) Premium Disclosures in New Policies
    • The SEC Complaint against Life Partners and Three of Its Officers
    • More on the Saga of Shenandoah Life
    • More on the Charges against Provident Capital Indemnity and Its Officers

    May 2012 (8 pages; $10)

    • Federal Criminal Charges against Three STOLI Promoters
    • A Federal Investigation of Premium Financing Operations at Imperial Holdings
    • A Lawsuit over Claims Practices at a Former Conseco Long-Term Care Subsidiary

    June 2012 (8 pages; $10)

    • The Theft Conviction of an Agent Who Sold an Annuity to a Senior with Dementia
    • Appendix: Report of Investigation by the California Department of Insurance

    July 2012 (16 pages; $10)

    • Imperial Holdings Terminates Its Life Insurance Premium Finance Business
    • The Federal Jury Verdict in the Sciarretta STOLI Lawsuit against Lincoln
    • More on the Dispute between Lincoln and Oklahoma State University
    • Executives’ Compensation in 2011
    • Appendix A: Compensation Data for 2011 from the SEC
    • Appendix B: Compensation Data for 2011 from Nebraska
    • Appendix C: Compensation Data for 2011 from New York

    August 2012 (16 pages; $10)

    • An Alternative to a Life Annuity
    • The Pennsylvania Commissioner’s Court Defeat Regarding Penn Treaty’s Long-Term Care Insurance Business
    • More on Conseco’s Separation from a Troubled Long-Term Care Insurance Subsidiary
    • Liquidation of Executive Life of New York
    • Liquidation of the International Workers Order
    • Insurance Companies’ Usage of Surplus Notes
    • Shenandoah Life’s Surplus Notes
    • Insurance Companies’ Risk-Based Capital Ratios
    • From the Mailbag
    • Appendix A: Surplus Note Data
    • Appendix B: Risk-Based Capital Data

    September 2012 (32 pages; $10)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2012 (8 pages; $10)

    • Two Major STOLI Lawsuits against Phoenix
    • The Shocking Terms of a Proposed Canadian Demutualization (by Alastair Rickard)
    • Deferred Prosecution Agreements for Five Former Insurance Executives
    • Robert Caro’s Monumental Biographies

    November 2012 (8 pages; $10)

    • Texas Moves to Shut Down Life Partners
    • More on Systematic Withdrawals as a Viable Alternative to a Life Annuity
    • From the Mailbag
    • The Continuing Dispute between Lincoln and Oklahoma State University

    December 2012 (8 pages; $10)

    • More on the Cost-of-Insurance Increases That Phoenix Imposed on Certain Policyowners
    • Annual Reports Filed with Insurance Regulators by Life Settlement Companies
    • A Brief Update on Life Partners
  • 2013

    January 2013 (8 pages; $10)

    • The Beginning of Our 40th Year
    • More on the Victimization of a Widow through Life Insurance and Annuity Churning
    • Disputes between Secondary Market Investors and Life Settlement Companies
    • A Shocking Development at the CFP Board

    February 2013 (8 pages; $10)

    • The IRS Drags Its Feet on the Taxation of Demutualization Distributions
    • The Reporting of Disciplinary Actions by the CFP Board of Standards
    • A Stunning Guilty Plea During the Criminal Trial of Joseph Caramadre
    • The Filing of an Appellate Brief in the Neasham Criminal Case in California

    March 2013 (8 pages; $10)

    • An Open Letter to Vice President Joe Biden
    • A Review of More Than a Century of Efforts to Weaken Life Insurance Reserves
    • The Thorny Problem of Outdated Beneficiary Designations and Settlement Agreements in Life Insurance
    • Knights of Columbus Takes Forceful Action against an Agent
    • Phoenix Life’s Recent Partial Repurchase of Surplus Notes Issued in 2004
    • A Lengthy Prison Sentence for the President of Provident Capital Indemnity

    April 2013 (8 pages; $10)

    • Hank Greenberg Sues the U.S. Government
    • A Lawsuit Involving Lax Underwriting of a STOLI Policy by a Phoenix Subsidiary
    • Two Important New Books about Contractual Fine Print
    • Yet Another Stunning Development in the Caramadre Criminal Case
    • More on the Criminal Case against Three STOLI Promoters
    • From the Mailbag

    May 2013 (8 pages; $10)

    • Dan Mays McGill
    • An Important Lawsuit Relating to Long-Term Care Insurance Claims Practices
    • A Memorial Tribute to Dan Mays McGill

    June 2013 (8 pages; $10)

    • A Blistering Congressional Report on Credit Derivatives at JPMorgan Chase
    • Enforcement of Codes of Ethics of Professional Insurance Organizations
    • Developments in the Lawsuit over Northwestern Mutual’s Annuity Dividends
    • More on Deceptive Promotions of Charitable Gift Annuities
    • From the Mailbag

    July 2013 (16 pages; $25)

    • A Canadian Judge Slams AIG’s and Zurich’s Claims Practices
    • A Questionable Promotional Mailing from Lincoln Heritage Life
    • More on Ability Insurance Company
    • From the Mailbag
    • Executives’ Compensation in 2012
    • Appendix A: Compensation Data for 2012 from the SEC
    • Appendix B: Compensation Data for 2012 from Nebraska
    • Appendix C: Compensation Data for 2012 from New York

    August 2013 (16 pages; $25)

    • State Farm’s Claims Practices and a Defamation Award against the Company
    • Mystery Payments by Insurance Companies to State Governments
    • Charges in a Major Alleged Cyber Crime
    • New York Challenges “Shadow Insurance”
    • Insurance Companies’ Usage of Surplus Notes
    • Insurance Companies’ Risk-Based Capital Ratios
    • Appendix A: Surplus Note Data
    • Appendix B: Risk-Based Capital Data

    September 2013 (32 pages; $25)

    • Financial Strength of Insurance Companies
    • Suggested Life-Health Companies
    • Ratings of Life-Health Companies
    • Ratings of Property-Liability Companies
    • Watch List of Life-Health Companies
    • Descriptions of Rating Categories
    • Distributions of Life-Health Ratings

    October 2013 (8 pages; $10)

    • Minnesota Life’s “New” and “Unique” Irrevocable Settlement Option
    • Three Plea Agreements Related to the Federal Investigation of Imperial Holdings
    • A Federal Judge Slams Joseph Caramadre
    • A FINRA List of Designations and a CFPB Report to Congress and the SEC
    • From the Mailbag

    November 2013 (8 pages; $10)

    • The Coming End of The Insurance Forum
    • The Confidential Settlement that Ended Coventry’s Lawsuit against John Hancock
    • Developments Relating to Phoenix’s Cost-of-Insurance Increases on STOLI Policies
    • Settlement of a Lawsuit Relating to SHIP’s Long-Term Care Claims Practices
    • A State Appellate Court in Texas Hands Life Partners a Major Defeat

    December 2013 (8 pages; $10)

    • Editor’s Note
    • Why the Secondary Market for Life Insurance Will Never Win Full Public Acceptance
    • How STOLI Cases Waste Judicial Resources
    • Recent Developments at Phoenix
    • A Continuing Lawsuit against Northwestern Mutual over Annuity Dividends
    • Dismissal of a Lawsuit against Northwestern Mutual over Policy Loan Interest Rates
    • Life Partners Discloses the Texas Appellate Court’s Devastating Decision
    • More on Mystery Payments by Insurance Companies to State Governments
    • A Dilemma for Consumers When an Insurance Company Is Sold