Search for: "NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION"
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27 Jul 2012, 3:51 pm
Without further explanation, Judge John Galasso has denied a Motion by liability insurers, including Travelers, Fireman's Fund and Hartford, asking the Judge to "clarify and/or correct" his August 16, 2012 Executive Life of New York (ELNY) Memorandum Decision insofar as the Memorandum Decision "caused confusion or mistake" concerning responsibilities of those liability insurers to make up shortfalls on ELNY annuities. [read post]
27 Jul 2012, 3:51 pm
Without further explanation, Judge John Galasso has denied a Motion by liability insurers, including Travelers, Fireman's Fund and Hartford, asking the Judge to "clarify and/or correct" his August 16, 2012 Executive Life of New York (ELNY) Memorandum Decision insofar as the Memorandum Decision "caused confusion or mistake" concerning responsibilities of those liability insurers to make up shortfalls on ELNY annuities. [read post]
24 Mar 2008, 10:20 pm
Structured settlement annuity issuers fall into two categories (1) Insurance-Life and Health; and (2) Insurance-Property and Casualty. [read post]
7 Nov 2023, 12:53 pm
New York Posts Final Cyber Regulation Amendments NY Governor Hochul and the DFS issued press releases announcing amendments to the “First-In-The-Nation Cybersecurity Regulations” that will “mandate new controls, require more regular risk assessments and update notification requirements to enhance protections for New Yorkers. [read post]
24 Jul 2011, 5:40 pm
For S2KM reporting about Executive Life of New York, see S2KM's structured settlement wiki. [read post]
9 Jun 2010, 2:18 pm
Latest Ratings: A- John Hancock Life Insurance Company of New York New York Life Insurance Company New York Life Insurance and Annuity Corporation (the qualified assignee of New York Life structured settlements) Pacific Life and Annuity Company B+ Allstate Life Insurance Company B Allstate Life… [read post]
14 Dec 2011, 10:29 am
Acting as agent for the Receiver of Executive Life Insurance Company of New York (ELNY), the New York Liquidation Bureau (NYLB) mailed letters (shortfall letters) on December 7, 2011 to many individual ELNY structured settlement annuity (SSA) payees notifying them about the proposed ELNY liquidation and restructuring agreement as well as the amount of their anticipated shortfalls. [read post]
19 Jun 2012, 1:57 pm
Who has responsibility to make up the difference in annuity shortfall payments under the Executive Life of New York (ELNY) Liquidation Plan approved by New York State Supreme Court Judge John Galasso on April 16, 2012? [read post]
7 Jul 2011, 11:00 am
Because the New York insurance code is more restrictive than other states, many life insurance companies own separate New York affiliates. [read post]
20 Jun 2012, 1:26 pm
Do qualified assignments extinguish the liability of defendants and/or liability insurers for shortfall payments resulting from the liquidation of Executive Life of New York (ELNY)? [read post]
25 Oct 2008, 6:13 pm
The Treasury Department wants insurance companies to participate in its TARP Program, according to WSJ sources briefed by Treasury.The TARP program is a voluntary Capital Purchase Program to encourage U.S. financial institutions to build capital to increase the flow of financing to American businesses and consumers and to support the U.S. economy.According to the WSJ, Met Life Inc. and Prudential Financial Inc. two of the nation's largest publicly traded life… [read post]
10 Aug 2011, 6:32 am
The Superintendent of the New York Insurance Department, serving as Rehabilitator for Executive Life of New York (ELNY), has informed the New York Supreme Court of Nassau County by letter that it 'is not in a position to submit a consensual proposed order and plan of liquidation on or before August 10, 2011" as previously promised. [read post]
10 Mar 2012, 4:50 pm
On March 15, 2012, the Supreme Court of Nassau County New York (Court) is scheduled to consider a Petition by the Superintendent of the New York State Department of Financial Services (Superintendent) for an Order of Liquidation and Approval of a Restructuring Agreement for Executive Life Insurance Company of New York (ELNY). [read post]
30 Jul 2012, 4:34 pm
More than 1400 structured settlement annuity payees are expected to suffer payment shortfalls under the Executive Life of New York (ELNY) Liquidation Plan approved by New York State Supreme Court Judge John Galasso on April 16, 2012. [read post]
11 Jul 2018, 2:14 pm
The majority of these complaints concern the misrepresentation and unsuitable recommendation of variable annuities, equity indexed annuities, and Variable Universal Life (VUL) insurances. [read post]
24 Feb 2009, 7:30 am
” The Department’s position is based on the NY Insurance Law, specifically section 7718, which “governs prohibited advertisements of the LIGCNY, the guaranty fund that covers life insurance policies, health insurance policies, annuity contracts, funding agreements and contracts supplemental to life and health insurance policies, annuity contracts or funding agreements issued to a… [read post]
8 Sep 2011, 3:28 pm
Estate assets may also be in the form of life insurance, annuities and retirement funds. [read post]
3 Apr 2007, 6:32 am
New York Life; 7. [read post]
8 Jan 2008, 7:43 am
If so, would such practice not run afoul of New York State rules? [read post]
26 Mar 2010, 7:10 am
The style of the case is, New York Life Insurance Company; New York Life Insurance and Annuity Corporation and Michael Coffey v. [read post]
