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]
28 Jun 2012, 9:42 am
Most stocks bought and sold by typical investors are listed on one of the major U.S. stock exchanges such as the Nasdaq or New York Stock Exchange (“NYSE”). [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]
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]
28 Apr 2012, 8:50 pm
Insurance companies are accused of using the list to stop issuing to dead clients their annuity payments and not using the list to confirm that life insurance policyholders had died. [read post]
6 Apr 2012, 1:41 pm
Galasso signs the Order of Liquidation and Approval of a Restructuring Agreement for Executive Life of New York (ELNY) as proposed by the Superintendent of the New York State Department of Financial Services (Superintendent), as ELNY's Receiver, a critical issue arises: Will the ELNY structured settlement shortfall payees have been afforded "due process" before being deprived of a percentage of their payment rights? [read post]
19 Mar 2012, 5:08 pm
In contrast, the Superintendent has shared the full set of Objections with the National Organization of Life and Health Guaranty Associations (NOLHGA) and the Life Insurance Company Guaranty Corporation of New York (LICGCNY). [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]
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]
6 Oct 2011, 12:58 pm
Note also, however: New York's Insurance Superintendent has petitioned for Executive Life Insurance Company of New York (ELNY), to enter liquidation and undergo restructuring. [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]
20 Aug 2011, 4:00 am
City of New York framework to analyze his takings claim. [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]
29 Jul 2011, 10:31 am
The following Executive Life timeline also appears on the structured settlement wiki where it will be edited and updated. 1935 - Executive Life Insurance Company of New York (ELNY) is incorporated and subsequently (in 1937) licensed as a stock life insurer company in the state of New York. 1961 - Executive Life Insurance Company of California (ELIC) is founded as a subsidiary of First Executive… [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]
13 Jul 2011, 1:53 pm
New York Governor Andrew Cuomo's recent appointment of Jonathan Bing to serve as Special Deputy Superintendent of the New York Liquidation Bureau (NYLB) could prove a positive development for structured settlement stakeholders in the anticipated liquidation of Executive Life of New York (ELNY). [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]
16 Jun 2011, 12:42 pm
In New York, the New York Liquidation Bureau (NYLB) manages insurance company liquidations as well as conservatorships and rehabilitations. [read post]
19 Nov 2010, 11:43 am
New York Life Insurance and Annuity Corporation Bonner v. [read post]
30 Aug 2010, 2:07 pm
This author understands that American General and American International Life Assurance Company of New York, AIG's life insurance companies operating in the structured settlement space, (like a number of other structured annuity insurers) WILL NOT split payments to annuitants who only wish to sell part of their structured settlement (payment rights) thus effectively forcing the use of a servicing agreement. [read post]
