Life Settlement News

An Association for Advanced Life Underwriting official would like to see regulators at the National Association of Insurance Commissioners change the NAIC’s proposed life settlements model revision.

Fasano Associates announced the results of a new analysis of its accuracy in estimating life expectancies. The study revealed an overall actual to expected ratio of 96% for business underwritten by Fasano from 2001 through the end of 2005. An earlier study, covering business underwritten through the end of 2003, had produced similar results.

Examination Management Services, Inc. (EMSI), a life settlement service provider, has been asked by two leading organizations in the life insurance industry to provide presentations on life settlement issues.

The American Council of Life Insurers (ACLI), the Association for Advanced Life Underwriting (AALU), the National Association of Insurance and Financial Advisors (NAIFA), and the National Association of Independent Life Brokerage Agencies (NAILBA) are calling for changes to state regulation to protect the vital, social purposes of life insurance from transactions known as stranger-originated life insurance (STOLI).

Insurance Executive to Strengthen EMSI’s Leadership Position in Medical Underwriting
Scottsdale, AZ, September 25, 2006 – Examination Management Services, Inc. (EMSI) announces the appointment of Linda S. Goodwin, MD, FACP, as a medical director for EMSI’s underwriting department. Dr. Goodwin is board certified in both internal medicine and insurance medicine with a special certification in geriatric medicine. She has extensive experience in insurance underwriting having served as medical director for both United of Omaha and Transamerica Reinsurance.

Ernst & Young LLP today announced its Global Insurance Center will be the lead sponsor of the 2006 Annual Executive Conferences for the Insurance Industry that address “Managing Change” in the Property/Casualty and Life/Health sectors. The events are organized by The Conference Group, Ltd., a division of National Underwriter Company.

Fate continues to shower blessings on the greatest generation. Elderly Americans may soon be able to supplement their incomes by collecting fees from investors who wish to bet on their life expectancy. That, at least, is the fear of the life insurance industry, still wondering how to get the “viatical” genie back into the bottle.