U.S. Economic Policy
President George H.W. Bush addressed a group from the National Association of Wholesaler-Manufacturers at the White Hous…
Insurance Company Insolvencies
1991-05-10T12:39:19-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNDUzXC8wMTc5MjUtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The Senate Commerce Committee heard testimony on the financial failure of the Executive Life Insurance Company and the financial stability of the insurance industry in the U.S. Insurance executives discussed the failure of the Executive Life Insurance Company and its effect on holders of policies which currently may or may not be financially secure. They also proposed methods of detecting and preventing imminent financial failures of insurance companies. This hearing followed a previous hearing on May 7 which also examined the failure of the life insurance company. In April 1990, Executive Life Insurance Company of California and Executive Life Insurance Company of New York were put into conservatorships by their respective states, making them the largest government seizures in the history of the life insurance industry. The financial collapse occurred despite approval from insurance rating firms and an independent accounting firm.
The Senate Commerce Committee heard testimony on the financial failure of the Executive Life Insurance Company and the financial stability o… read more
The Senate Commerce Committee heard testimony on the financial failure of the Executive Life Insurance Company and the financial stability of the insurance industry in the U.S. Insurance executives discussed the failure of the Executive Life Insurance Company and its effect on holders of policies which currently may or may not be financially secure. They also proposed methods of detecting and preventing imminent financial failures of insurance companies. This hearing followed a previous hearing on May 7 which also examined the failure of the life insurance company. In April 1990, Executive Life Insurance Company of California and Executive Life Insurance Company of New York were put into conservatorships by their respective states, making them the largest government seizures in the history of the life insurance industry. The financial collapse occurred despite approval from insurance rating firms and an independent accounting firm. close
People in this video
- Tom Borman Commissioner (Former) Minnesota
- Richard Minck Executive Vice President The New Republic
- Eden Sarfaty President National Org. Life Health Ins. Guaranty
- Donn Sigerson President The New Republic
- Alfred Sigman The New Republic
- Thomas Sutton Chairman and CEO The New Republic
- John Washburn Commissioner (Former) Illinois
Hosting Organization
Purchase a Download
Insurance Company Insolvencies
-
MP4 video - Standard
- Price:
- $9.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Related Video
-
-
U.S. Economic Policy
President Clinton spoke to reporters about the recent stock market decline and its effect on consumer confidence. He sa…
-
Economic Policy
Following a private meeting with economists, President Bush talked briefly about the U.S. economy. Among the specific is…
-
U.S. Economy
President Bush visited Frager’s Hardware on Capitol Hill. While there, he picked up a couple of chew toys for his dog, B…