Risky Moves in the Game of Life Insurance
By MARY WILLIAMS WALSH
"Some insurance companies' complex, and mostly hidden, maneuvers to increase profits for shareholders may end up costing taxpayers and policyholders."
Article mentions Athene and Caesar's.
"No wild bets, no siphoning of assets, no off-the-books maneuvers.
This, at any rate, has been the idea since a crusading reformer named Elizur Wright set the standard 150 years ago and became Americas first state insurance regulator, in Massachusetts."
By MARY WILLIAMS WALSH
"Some insurance companies' complex, and mostly hidden, maneuvers to increase profits for shareholders may end up costing taxpayers and policyholders."
Article mentions Athene and Caesar's.
"No wild bets, no siphoning of assets, no off-the-books maneuvers.
This, at any rate, has been the idea since a crusading reformer named Elizur Wright set the standard 150 years ago and became Americas first state insurance regulator, in Massachusetts."
NY Times - Risky Moves in the Game of Life Insurance
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