Back Issues 1994 - 2003

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 1994 through December 2003, along with the single copy prices of the issues, 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     2004-2013


  • 1994

    January 1994 (4 pages; $10)

    • The Beginning of Our Third Decade
    • A. M. Best Threatens The Insurance Forum

    February 1994 (8 pages; $10)

    • The Recent Flurry of Controversial Surplus Notes
    • Western National Life’s Deceptive Memorandum to Its Agents
    • A. M. Best Sues The Insurance Forum

    March/April 1994 (32 pages; $10)

    • Financial Strength Ratings of Life-Health Insurance Companies
    • From the Mailbag

    May/June 1994 28 pages; $10)

    • Risk-Based Capital Numbers Become Public Information
    • From the Mailbag
    • Risk-based Capital Data and Ratings of Life-Health Insurance Companies

    July 1994 (8 pages; $10)

    • The Retirement of Senator Howard Metzenbaum
    • Equitable’s Deceptive Advertisement
    • Some Unintended Candor from A. M. Best
    • Corrections in Our Special Issue on Risk-Based Capital
    • From the Mailbag

    August 1994 (12 pages; $10)

    • The Disclosure Approach to the Problem of Deceptive Sales Practices in the Life Insurance Industry
    • Risk-Based Capital and the Accountants
    • More on Risk-Based Capital Numbers
    • Executives’ Compensation in 1993

    September 1994 (12 pages; $10)

    • A Deceptive Press Release from LifeUSA
    • Who Bought Those Controversial Surplus Notes?
    • From the Mailbag
    • More on Equitable’s Deceptive Advertisement
    • Credit for Reinsurance in Life Insurance Companies
    • Life Insurance Companies’ Junk Bonds and Problem Mortgages

    October 1994 (4 pages; $10)

    • Mutual of New York’s Junk Surplus Notes
    • A. M. Best Increases Its Rating Fees

    November 1994 16 pages; $10)

    • An Expanded Watch List of Life-Health Insurance Companies

    December 1994 (8 pages; $10)

    • The Demutualization of Midland Mutual Life
    • State Life’s Alliance with American United Life
  • 1995

    January 1995 (8 pages; $10)

    • A. M. Best and Confederation Life
    • Still More on Equitable’s Deceptive Advertisement
    • Mutual of New York Discusses Its Surplus Notes
    • Developments Relating to Our Special Watch List Issue
    • From the Mailbag

    February 1995 (8 pages; $10)

    • The Arguments against Rigorous Disclosure
    • Statement on Our Special Watch List Issue
    • Risk-based Capital and the Intimidated Accountants
    • Deceptive Practices and the New York Department

    March/April 1995 (32 pages; $10)

    • Financial Strength Ratings of 1,600 Life-Health Insurance Companies
    • How to Buy U. S. Securities at Auction
    • Joint Statement by the A. M. Best Company and The Insurance Forum Concerning Dismissal of Lawsuit

    May/June 1995 (12 pages; $10)

    • Insurance Rating Firms’ Differences of Opinion
    • More on the Ratings of Confederation Life
    • Corrections in Our Special Ratings Issue
    • A. M. Best and Southwestern Life
    • An Important New Service from Standard & Poor’s
    • From the Mailbag
    • More on Buying U. S. Treasury Securities at Auction
    • Recent Rating Actions

    July 1995 (16 pages; $10)

    • Crown Life’s Sales Illustrations and the Era of Disillusionment
    • A Commendation and a Complaint
    • Equitable’s Dividends and the Contribution Method
    • The Circulation Base of A. M. Best’s Magazines
    • Observations on Disclosure of the Agent’s Financial Interest
    • An Important Insurance Periodical
    • Recent Rating Actions

    August 1995 (16 pages; $10)

    • An Undisclosed Benefit Limitation from Globe Life and Accident
    • Risk-Based Capital Data for 1994
    • From the Mailbag
    • Surplus Notes and the Massachusetts Division of Insurance
    • John Dorfman Rejoins The Insurance Forum
    • A Best Seller about Insurance Claims Practices
    • Recent Rating Actions

    September 1995 (16 pages; $10)

    • Prophet’s Undercover Study of Insurance Agents
    • LIMRA’s Comments on Antitrust Considerations
    • Surplus Notes and the United States Treasury
    • Standard & Poor’s New Quantitative Ratings of Insurance Companies
    • Surplus Notes and Mutual Funds: Investors Beware (by Marty Leary)
    • Executives’ Compensation in 1994
    • Recent Rating Actions

    October 1995 (36 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies

    November 1995 (8 pages; $10)

    • Farewell to New England Mutual
    • The Demutualization of State Mutual (by John R. Dorfman)
    • Security First’s Annuities and the American Bankers Association
    • Recent Rating Actions

    December 1995 (8 pages; $10)

    • How Conseco Tries to Silence Its Critics
    • Myth vs. Reality—A Critique of Conseco’s Accounting Practices (by Abraham J. Briloff)
    • More on the Circulation Base of A. M. Best’s Magazines
    • From the Mailbag
    • Recent Rating Actions
  • 1996

    January 1996 (12 pages; $10)

    • New York Life’s Proposed Settlement of Lawsuits Alleging Deceptive Sales Practices
    • An Unacceptable Offer from A. M. Best
    • From the Mailbag
    • A Priceless Quip
    • Recent Rating Actions

    February 1996 (12 pages; $10)

    • Northwestern Mutual, Metropolitan, and the Language Dilemma (by John R. Dorfman)
    • More on the Unacceptable Offer from A. M. Best
    • More on the Stone Wall at Provident Mutual

    March 1996 (8 pages; $10)

    • More on the New York Life Settlement
    • Recent Rating Actions

    April 1996 (8 pages; $10)

    • A Consumer Advocate Stumbles
    • Recent Rating Actions
    • Jackson National Reverses Its Transfer

    May 1996 (8 pages; $10)

    • Unisun Insurance Company and the South Carolina Insurance Department
    • Still More on the New York Life Settlement
    • What Great-West Life Does to Beneficiaries
    • A Breach of Security at Metropolitan Life
    • Equitable’s Dividends and the New York Insurance Department
    • Recent Rating Actions

    June 1996 (8 pages; $10)

    • Funeral Insurance: A High-Priced, Unnecessary Arrangement
    • An Unanswered Question about Surplus Notes
    • More on the Settlement Between State Mutual and the Center for Insurance Research

    July 1996 (12 pages; $10)

    • The Time Has Come for Insurance Companies to Stop Investing in the Tobacco Industry
    • The Looming Controversy over Capital Notes
    • Recent Rating Actions

    August 1996 (16 pages; $10)

    • Risk-Based Capital Data for 1995
    • Executives’ Compensation in 1995
    • From the Mailbag

    September 1996 (36 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies

    October 1996 (8 pages; $10)

    • Allmerica and the Valuation Actuary Concept
    • The Rapid Growth in the Use of Surplus Notes
    • Two Companies Correct Their Executive Compensation Figures

    November 1996 (12 pages; $10)

    • John Hancock and the Insurance Lobby
    • The Financial Strength of Large Property-Liability Insurance Companies
    • Recent Rating Actions
    • From the Mailbag

    December 1996 (8 pages; $10)

    • In Retrospect
    • Ward’s 50 and a Deceptive Press Release from Trustmark Insurance
    • Some Additional Information about the Merger of New England Mutual into Metropolitan Life
    • A Forthright Correction from State Life
    • From the Mailbag
  • 1997

    January 1997 (12 pages; $10)

    • Why Health Insurance Often Fails to Cover the Cost of Treatment in Hospital Emergency Rooms
    • Security Benefit Life, Moody’s, and the University of Wisconsin
    • A. M. Best Cashes in on Financial Ratings
    • A Challenge to Company Officials Concerning Deceptive Sales Practices in the Life Insurance Business
    • Knights of Columbus and the Rating Firms
    • From the Mailbag

    February 1997 (8 pages; $10)

    • An Extraordinary Turnabout in the Demutualization of State Mutual Life
    • More on Allmerica and the Valuation Actuary Concept
    • More on John Hancock and the Insurance Lobby
    • Recent Rating Actions

    March 1997 (8 pages; $10)

    • General American and the Mutual Holding Company Concept
    • New England Life and the Risk-Based Capital Gag Rule
    • Recent Rating Actions

    April 1997 (28 pages; $25)

    • An Insurance Guide for Seniors (by John R. Dorfman and Joseph M. Belth)

    May 1997 (12 pages; $10)

    • General Electric Capital Assurance’s Deceptive Promotion of Guaranteed Renewable Long-Term Care Insurance
    • More on the Extraordinary Turnabout in the Demutualization of State Mutual Life
    • Still More on John Hancock and the Insurance Lobby
    • Another View of Rating Distributions
    • Mortimer Spiegelman, Metropolitan Life, and the U. S. Surgeon General’s 1964 Report on Smoking
      Corporate Governance Activism at TIAA-CREF
    • Recent Rating Actions

    June 1997 (8 pages; $10)

    • Manipulation of Financial Information about Insurance Companies in Advertisements Directed at Agents
    • Deceptive Advertising from Globe Life and Accident
    • Guardian Life’s Omission of Its Rating by Moody’s
    • Gerber Life’s Deceptive Advertising of Its Rating by A. M. Best
    • From the Mailbag

    July 1997 (16 pages; $10)

    • Medical Savings Accounts and Golden Rule Insurance
    • Executives’ Compensation in 1996

    August 1997 (16 pages; $10)

    • The Disaster at Mid-Continent Life
    • Risk-Based Capital Data for 1996
    • Guardian Life Respondsec

    September 1997 (32 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies

    October 1997 (8 pages; $10)

    • Allowing Mutual Insurance Companies to Select Their State Regulators—A Dangerous Federal Proposal
    • Allmerica’s Impending Transfer of Its Disability Insurance Business to Metropolitan Life
    • New York Life’s Deceptive Reference to Its Financial Ratings
    • More on the Financial Ratings of Guardian Life
    • From the Mailbag
    • Still More on the Valuation Actuary

    November 1997 (8 pages; $10)

    • Anti-Consumer Provisions in AAA’s Life Insurance—A Case Study in the Inferiority of Association Group Plans Compared to Individual Coverage
    • Royal Macabees’ Assault on Its Disability Insurance Policyowners
    • Western Fraternal Life and the Taxation of Annuities
    • Selected Recent Rating Actions and a Correctionoth

    December 1997 (8 pages; $10)

    • The Mutual Holding Company—A Flawed Concept
    • Surplus Note Usage by Insurance Companies
    • John Dorfman Leaves The Insurance Forum
  • 1998

    January 1998 (8 pages; $10)

    • Demotech’s Financial Ratings—Should They Be Relied Upon?
    • Sun Life of Canada’s U.S. Branch and Its Risk-Based Capital Ratio
    • Selected Recent Rating Actions

    February 1998 (4 pages; $10)

    • Royal Macabees’ Anti-Policyowner Interpretation of the Reinstatement Clause in Disability Insurance
    • More on General Electric Capital Assurance’s Promotion of Long-Term Care Insurance

    March 1998 (8 pages; $10)

    • A Challenge to Prudential
    • Notification of Expiring Contractual Rights—An Important Element of Rigorous Disclosure to Insurance Policyowners
    • Some Words of Edmund Halley from 1693
    • Selected Recent Rating Actions
    • From the Mailbag

    April 1998 (12 pages; $10)

    • Observations on the Governance of Mutual Insurance Companies
    • Democracy at Allied Mutual—A Case Study in the Lack of Disclosure to Voters
    • Principal Mutual and the New York Insurance Department
    • Provident Mutual and the Pennsylvania Insurance Department

    May 1998 (12 pages; $10)

    • Democracy at Provident Mutual—A Case Study in the Suppression of Communication among Policyowners
    • Covenant Life and Provident Mutual
    • Why We Need Mutual Life Insurers
    • An Income Tax Setback for the Mutual Holding Company Concept
    • Selected Recent Rating Actions

    June 1998 (12 pages; $10)

    • The Apparent Cover-Up at Provident Mutual
    • The Grannis Committee Report

    July 1998 (8 pages; $10)

    • The Iowa Commissioner’s Anti-Policyowner Decision on Principal Mutual’s Reorganization Plan
    • Monarch Life Tightens the Rules for Its Disability Policyowners
    • The Gift to the Iowa Septuplets from Employers Modern Life
    • Selected Recent Rating Actions
    • From the Mailbag

    August 1998 (16 pages; $10)

    • USAA’s Unsuccessful Effort to Avoid Disclosure of the Compensation of Its Executives
    • Executives’ Compensation in 1997
    • Risk-Based Capital Data for 1997
    • A Question about Life Annuities
    • Moody’s Report on Mutual Companies

    September 1998 (20 pages; $10)

    • Life Insurance and the Holocaust

    October 1998 (32 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies

    November 1998 (8 pages; $10)

    • Measuring the Price of the Protection in Life Annuities
    • From the Mailbag
    • More on Edmund Halley’s 1693 Mortality Table
    • Surplus Note Usage by Insurance Companies

    December 1998 (12 pages; $25)

    • Fractional Premium Charges in the Life Insurance Business
  • 1999

    January 1999 (4 pages; $10)

    • The Pennsylvania Insurance Department’s Approval of Provident Mutual’s Anti-Policyowner Reorganization Plan
    • From the Mailbag

    February 1999 (16 pages; $10)

    • Mutual Holding Companies and the Distribution of Surplus to Participating Policyowners
    • More on Fractional Premium Charges
    • Recent Developments Regarding the Fake Newspaper Clipping from Globe Life and Accident
    • Update to Our October 1998 Special Ratings Issue

    March 1999 (12 pages; $25)

    • Viatical Transactions and the Growth of the Frightening Secondary Market for Life Insurance Policies

    April 1999 (8 pages; $10)

    • Provident Mutual’s Legal Snag—A Stunning Setback for the Mutual Holding Company Concept
    • Eligibility—An Important Issue in Demutualizations
    • GenAmerica’s Announcement about the End of Its Mutual Holding Company Experiment
    • American Mutual’s Announcement about the End of Its Mutual Holding Company Experiment
    • An Income Tax Victory for the Mutual Holding Company Concept
      A. M. Best Sometimes Calls the Shots
    • Standard & Poor’s Ratings Evaluation Service

    May 1999 (8 pages; $10)

    • The Strange Results of the Allocation Formula in the Demutualization of Standard Insurance Company
    • An Outrageous Advertisement Involving Duff & Phelps
    • From the Mailbag

    June 1999 (16 pages; $10)

    • The Plight of the Policyowners in the Disaster at Mid-Continent Life
    • On Election versus Appointment of Insurance Commissioners
    • A Provocative Question about Viatical Transactions

    July 1999 (24 pages; $20)

    • Executives’ Compensation in 1998
    • Risk-Based Capital Data for 1998
    • Surplus Note Usage by Insurance Companies

    August 1999 (8 pages; $10)

    • Deceptive Practices and the Establishment of IMSA
    • More on the Canadian Approach to the Allocation of Value to Policyholders in Demutualizations
    • New York Life Declines to Disclose Utilization Figures in Its Settlement of Allegations of Deceptive Sales Practices

    September 1999 (32 pages; $20)

    • The Financial Strength of Life-Health Insurance Companies

    October 1999 (16 pages; $10)

    • The Stunning Default at General American Life
    • Continental Assurance Company Corrects Its Risk-Based Capital Data
    • From the Mailbag
    • Alleged Criminal Activity and Other Developments in the Viatical Industry

    November 1999 (8 pages; $10)

    • Another Major Setback for Provident Mutual and the Mutual Holding Company Concept
    • American United Life Puts Redomestication on Hold
    • American United Life Changes Its Definition of a Mutual Insurer

    December 1999 (8 pages; $10)

    • How Bank One Quietly Reduced Interest Rates on Market Index Accounts—A Case Study in the Lack of Disclosure
    • The Strange Results of the Allocation Formula in the Demutualization of John Hancock
    • More Allegations of Wrongdoing in the Viatical Industry
    • From the Mailbag
  • 2000

    January 2000 (8 pages; $10)

    • Wit Capital and the Demutualization of John Hancock
    • Provident Mutual Withdraws Its Mutual Holding Company Reorganization Plan
    • A Bizarre Amendment to Michigan's Viatical Statute

    February 2000 (12 pages; $10)

    • Visit Our New Website
    • Congress Should Say Who Will Regulate the Viatical Business
    • Update to Our September 1999 Special Ratings Issue
    • Comments by Northwestern Mutual on Viatical Commissions

    March 2000 (8 pages; $10)

    • Viatical Fraud and the Legislative Attack on the Venerable Incontestability Clause in Life Insurance Policies
    • Financial Information about Viaticus
    • More on the Public Announcements Clause in the Termination Agreement Between ARM Financial and General American Life
    • Our Detailed 1998-1999 Index

    April 2000 (8 pages; $10)

    • The Actuarial Profession Brushes Aside Questions about Responsibility for the Disaster at Mid-Continent Life
    • More about Life Partners and the Fifth Circuit
    • A Correction
    • The Uninsurables at Universal Guaranty Life--A Case Study in the Dangers of Simplified Underwriting
    • The Sad Experience of a Policyholder of Mutual Benefit Life
    • Our Book about Viaticals
    • From the Mailbag

    May 2000 (8 pages; $10)

    • Characteristics of an Excellent Demutualization Plan
    • The Arithmetic of Viatical Senior Settlements
    • More Information about Viaticals
    • From the Mailbag

    June 2000 (12 pages; $10)

    • A Florida Grand Jury Goes After Viatical Fraud
    • The Huge Commissions Paid to Viatical Brokers
    • Purchases by Viaticus in Texas During 1998 and 1999
    • Appendix: Florida Grand Jury Report on Viatical Fraud

    July 2000 (12 pages; $10)

    • The New York Insurance Department Slams the Door on Public Access to Compensation Data
    • Federal Criminal Allegations in California Relating to Viatical Fraud
    • Justus Viatical and the Illinois Insurance Department
    • Executives' Compensation in 1999

    August 2000 (16 pages; $10)

    • Richard L. D. Morse
    • The Aftermath of Bank One's Quiet Interest Rate Reduction on Market Index Accounts
    • Risk-Based Capital Data for 1999
    • Surplus Note Usage by Insurers
    • Ratings Equivalencies Advertised by Duff & Phelps
    • The First Viatical Fraud Convictions

    September 2000 (40 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies
    • Ratings List of Life-Health Insurance Companies
    • Watch List of Life-Health Insurance Companies
    • Appendix A: Rating Firms' Descriptions of Their Rating Categories
    • Appendix B: Rating Distributions of Life-Health Insurance Companies

    October 2000 (8 pages; $10)

    • How Not To Deal with a Troublesome Regulator -- Bankers Insurance Company's Investigation of an Insurance Department Employee
    • Two Questions for Our Readers Concerning Fractional Premiums
    • An Update on Florida's Viatical Reports

    November 2000 (16 pages; $10)

    • Life Partners and the Nonregulation of the Viatical Industry
    • Viatical Senior Settlements and Contingency Insurance
    • More on Executives' Compensation

    December 2000 (12 pages; $10)

    • Variable Life, the Surrender Squeeze, and the Coming Bonanza for the Lawyers
    • Update to Our September 2000 Special Ratings Issue
    • Arson vs. Murder: The Insurable Interest Anomaly and the Frightening Secondary Market for Life Insurance Policies
    • Appendix: Recent Rating Actions Affecting Life-Health Insurance Companies
  • 2001

    January 2001 (8 pages; $10)

    • General Electric Takes a Leadership Role in Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • The Age 100 Problem in Life Insurance
    • Should the Federal Trade Commission Regulate the Secondary Market for Life Insurance Policies?
    • Who Should Regulate the Viatical Industry? (by S. Roy Woodall, Jr.)
    • Who Says Financial Services Integration is in Consumers' Best Interests?
    • Appendix: How to Calculate Annual Percentage Rates and Annual Interest Rates Associated with Fractional Premiums

    February 2001 (8 pages; $10)

    • Two Dramatically Different Settlements in Litigation over Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • Should Life Insurers Compete with Viatical Firms by Offering Cash Values Related to the Health of Insureds?
    • Health Related Cash Values--Some Practical Aspects (by Albert E. Easton)
    • The Banning of The Insurance Forum in the Home Office of Massachusetts Mutual

    March 2001 (12 pages; $10)

    • Justifying the Unjustifiable--How a Court-Approved Settlement Protected a $550 Million Bonanza in Fractional Premiums at Primerica
    • The LOMA Report on Viatical and Life Settlements
    • From the Mailbag
    • Appendix A: Testimony of Brian McDonald
    • Appendix B: Excerpt from Affidavit of Christopher P. Krahling

    April 2001 (12 pages; $10)

    • Second-to-Die Policies, the New Jersey Department, and the Insurance Industry Assault on the Policy Approval Process
    • Dirtysheeting--Another Type of Viatical Fraud
    • More on the Aritmetic of Senior Settlements
    • A Further Update to Our September 2000 Special Ratings Issue
    • Appendix: Recent Rating Actions Affecting Life-Health Insurance Companies

    May 2001 (8 pages; $10)

    • A Legal Attack on New York Life's Changes in Its Agents' Retirement Plan
    • More on the Age 100 Problem in Life Insurance
    • Bank One's Market Index Accounts in an Environment of Falling Interest Rates

    June 2001 (8 pages; $10)

    • The Continuing Saga of Life Insurance Sales Practices at Military Installations
    • Another Method for Evaluating Fractional Premium Charges
    • From the Mailbag
    • Prudential and the New York Department

    July 2001 (12 pages; $10)

    • Executives' Compensation in 2000
    • More about the Legal Attack on New York Life's Changes in Its Agents' Retirement Plan
    • ViatiCare, Senior Settlements, and the Veterans of Foreign Wars
    • The Likely Failure of a Universal Life Policy
    • Tactics Used by a Critic of Northwestern Mutual

    August 2001 (16 pages; $10)

    • What Is the "LEAP" System?
    • Risk-Based Capital Data for 2000
    • Surplus Note Usage by Insurers

    September 2001 (36 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies
    • Ratings List of Life-Health Insurance Companies
    • Watch List of Life-Health Insurance Companies
    • Appendix A: Rating Firms' Descriptions of Their Rating Categories
    • Appendix B: Distributions of the Ratings of Life-Health Insurance Companies

    October 2001 (12 pages; $10)

    • A Legal Immunity Zone for the Marketers of Variable Insurance Products
    • Jason Adkins, David Schiff, Allied Mutual, and an Important Iowa Supreme Court Decision
    • More on Executives' Compensation in 2000
    • More on the Tactics Used by a Critic of Northwestern Mutual
    • From the Mailbag
    • Appendix A: The Lander Case from the Plaintiff's Point of View (by Ronald A. Uitz)
    • Appendix B: The Lander Case from the Defendants' Point of View (by Barry A. Chasnoff, Daniel McNeel Lane, Jr., and David R. Nelson)
    • Appendix C: The Allegations in the Lander Case (by Michael C. Spencer)

    November 2001 (8 pages; $10)

    • Requirements for the Proper Functioning of Private Insurance
    • Income Taxation of the Inside Interest--An Important Nondisclosure in Life Insurance
    • Northwestern Mutual Tells Its Representatives How To Express Fractional Premium Charges as Annual Percentage Rates
    • More on Risk-Based Capital Data for 2000
    • The Impact of Recent Events on Ratings
    • A Court Orders the New York Insurance Department To Honor Our Request for Executive Compensation Data

    December 2001 (12 pages; $10)

    • Insurance Commissioners and the ACLI Oppose Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • More on the "LEAP" System
    • What Provident Mutual Will Not Allow Its Policyholders To See Until Later
  • 2002

    January 2002 (12 pages; $10)

    • Revisiting Credit Insurance
    • An Update to Our September 2001 Special Ratings Issue
    • Confronting the Terrorism Exposure
    • Appendix: Recent Rating Actions Affecting Life-Health Insurance Companies

    February 2002 (8 pages; $10)

    • The Shrinking Secondary Market for Life Insurance Policies
    • The Yearly Price of Protection--Another Important Nondisclosure in Life Insurance
    • The Case Against Secret Dividend Formulas

    March 2002 (12 pages; $10)

    • Legal Setbacks for Tax-Motivated COLI Plans
    • A Federal Government Reinsurance Facility for Catastrophes
    • Providing Catastrophe Insurance Coverage Following the Terrorist Events of September 11 (by Dan R. Anderson)

    April 2002 (12 pages; $10)

    • "LEAP" and the Diversion of Funds into Cash-Value Life Insurance
    • The A. L. Williams Parallel
    • The Struggle for Access to "LEAP" Material
    • Rates of Return in the "LEAP" System
    • Who Is Robert Castiglione?
    • "LEAP" and Dr. Huebner's Economics Book
    • "LEAP" and Guardian Life
    • Our Detailed 2000-2001 Index

    May 2002 (12 pages; $10)

    • The Rewriting of History by Opponents of Disclosure of Fractional Premium Charges as Annual Percentage Rates
    • Fractional Premium Charges and the Wilcox Lobbying Campaign
    • The Second Settlement in the Massachusetts Mutual Fractional Premiums Case
    • Appendix A: Results of December 10, 2001 Survey of 55 Insurance Commissioners
    • Appendix B: Excerpts from Notes and Desposition Testimony of Robert E. Wilcox
    • Appendix C: Letter from David Hippen of Florida and My Reply

    June 2002 (8 pages; $10)

    • The "LEAP" Provision in the 1997 Settlement of the Sales Practices Lawsuit against John Hancock
    • On the Independence of IMSA's Independent Assessors
    • Belated Compensation Data from the New York Insurance Department
    • Settlement of State Allegations Relating to Bankers Insurance Company's Investigation of a Florida Insurance Department Employee
    • Appendix: 1999 Compensation Data from the New York Insurance Department

    July 2002 (16 pages; $10)

    • The "LEAP" Responses to Our Special Issue
    • From the Mailbag
    • Executives' Compensation in 2001

    August 2002 (16 pages; $10)

    • A Big Payday for Six Departing Executives of Provident Mutual
    • Recent Letters from "LEAP" and Guardian Life
    • Risk-Based Capital Data for 2001
    • Surplus Note Usage by Insurers

    September 2002 (36 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies
    • Ratings List
    • Watch List
    • Appendix A: Descriptions of Rating Categories
    • Appendix B: Distributions of Ratings

    October 2002 (12 pages; $10)

    • Recent Developments Relating to the "LEAP" System
    • The Nonpayment of Insurance Claims
    • From the Mailbag
    • The Loss of the Certainty Effect (by Richard E. Stewart and Barbara D. Stewart)
    • Moody's Report on Life Insurers' Bond Exposure to Troubled Corporations
    • Belated 2000 Compensation Data from the New York Insurance Department
    • An Update on the Conseco Companies' Ratings

    November 2002 (8 pages; $10)

    • The Departure of a Dedicated Agent
    • Why I Left the Life Insurance Business (by a Veteran Agent)
    • Further Secrecy in the Confidential Allocation Formula at Provident Mutual
    • From the Mailbag
    • Belated 2001 Compensation Data from the New York Insurance Department
    • Further Developments at Conseco

    December 2002 (8 pages; $10)

    • The Vendetta against Northwestern Mutual
    • An Introduction to Dr. Long's Article
    • Insurance Credit Scoring: Yes or No? (by John D. Long)
    • Insurance and Discrimination
    • An Unsuccessful Survey about Expensing Stock Options
  • 2003

    January 2003 (8 pages; $10)

    • Massachusetts Mutual's Free Life Insurance Program
    • From the Mailbag
    • IMSA Sidesteps a Question about the "LEAP" System
    • Minimum Monthly Payments on Credit Card Accounts
    • Significant Recent Rating Actions Affecting Life-Health Insurance Companies

    February 2003 (12 pages; $10)

    • The National Media Spotlight Focuses Attention on UnumProvident's Disability Insurance Claims Practices
    • Using ERISA against Those It Was Designed to Protect (by Mark D. DeBofsky)
    • Appendix A: Excerpts from the Federal Court Decision in the Hangarter Case
    • Appendix B: Excerpts from the Federal Court Decision in the Watson Case

    March 2003 (8 pages; $10)

    • The Results of the Federal Investigation into Academy Life's Sales Practices at Military Installations
    • More about Minimum Monthly Payments on Credit Card Accounts
    • More on the Vendetta against Northwestern Mutual
    • Olympus Reinsurance and the A.M. Best Company
    • Our Annual Percentage Rate Calculator
    • Northwestern Mutual, New York Life, and the "LEAP" System

    April/May 2003 (24 pages; $10)

    • The LeBoeuf Report in Connection with the Reengineering Project at Provident Life and Accident
    • Transferring Claims Administration for Disability Insurance Policies
    • Other Agreements for Transferring Disability Insurance Claims Administration
    • Some Insurance Claims History
    • Some Insurance Claims Philosophies
    • An Actuary's Comments on UnumProvident
    • From the Mailbag
    • A Book about Insurance Investigations
    • Appendix A:  The Recommendations in the LeBoeuf Report
    • Appendix B:  Services Agreement for Disability Income Claims Management between Berkshire Life Insurance Company and Security Mutual Life Insurance Company of New York
    • Appendix C:  Some Cases Described in a Committee Report in 1911
    • Appendix D:  Excerpts from a New Hampshire Court Decision in 1873

    June 2003 (8 pages; $10)

    • UnumProvident Corporation and the Georgia Commissioner
    • Income Taxation of Distributions to Policyholders in Demutualizations
    • UnumProvident Corporation and the Fortune Lists of "Most Admired" Companies

    July 2003 (8 pages; $10)

    • John Hancock/UnumProvident Agreements Reveal an Important Dimension of Transfers for Claims Administration
    • A Recommendation from LeBoeuf to Provident Life and Accident Raises Accounting and Other Questions
    • Incorrect Statements from the ACLI about the Fractional Premiums Lawsuits in New Mexico
    • Lincoln National Life's Extraordinary Quarterly Premiums

    August 2003 (16 pages; $10)

    • Executives' Compensation in 2002
    • Unexplained Substantial Differences in the Reported Compensation of John Hancock Executives
    • The Lawsuit against John Hancock's Officers and Directors
    • Executive Compensation and Financial Services Integration
    • Appendix A:  Compensation Data for 2002 from Proxies
    • Appendix B:  Compensation Data for 2002 from Nebraska
    • Appendix C:  Compensation Data for 2002 from New York

    September 2003 (32 pages; $10)

    • The Financial Strength of Life-Health Insurance Companies
    • Ratings List
    • Watch List
    • Appendix A:  Descriptions of Rating Categories
    • Appendix B:  Distributions of Ratings

    October 2003 (8 pages; $10)

    • The NAIC Terminates Free Public Access to the Annual Statements of Insurance Companies
    • Executive Compensation Data in the Annual Statements of Insurance Companies
    • Is the NAIC Private or Governmental?

    November 2003 (16 pages; $10)

    • The Surplus Note Catastrophe at Lumbermens Mutual
    • What Is a Surplus Note?
    • Do Insurance Regulators Have Statutory Authority To Approve Issuance of Surplus Notes?
    • More on Executives' Compensation in 2002
    • Surplus Note Usage by Insurers
    • Risk-Based Capital Ratios
    • Comments from the State of Washington
    • Appendix A:  Data on Surplus Notes
    • Appendix B:  Data on Risk-Based Capital

    December 2003 (16 pages; $10)

    • Conseco's Assault on Universal Life Policyholders
    • Conseco's Outrageous Surrender Form
    • My Questions and Conseco's Answers
    • Appendix:  Texas Insurance Commissioner's Protective Order Relating to Conseco Life Insurance Company of Texas