Life Settlement News

Life Settlement Summit
Examining Strategic Opportunities and Effective Investment Strategies
Doubletree Hotel Philadelphia
March 11-12, 2008
The National Underwriter Company Life Settlement Summit is the most educational event for carriers, providers, brokers and investors involved in this sector. This summit will cover the latest political, regulatory and legal developments as well as new products, investment strategies, and pricing structures.
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Ritchie Funds Delay Asset Auction
Two funds that were put into bankruptcy by hedge fund firm Ritchie Capital Management put off a scheduled auction of their assets, claiming that insurer Coventry First is withholding documents that are critical to the assets’ value.
On Thursday, bankruptcy court judge Burton Lifland agreed to delay the auction until Jan. 9.
The [...]

The U.S. Supreme Court decided Monday not to rule on a case brought by Life Partners, a Waco, Texas, provider, on whether states can regulate life settlements.
Life Partners had hoped the top court would resolve conflicting opinions on the matter in two federal circuit courts.
Life Partners had appealed a U.S. 4th Circuit Court of Appeals [...]

Two Ohio legislators are expected to introduce a new bill tomorrow that would impose a five-year waiting period before new life insurance policies could be settled. The bill is meant to deter stranger-originated life insurance (STOLI).
Jay Hottinger, a Republican in Ohio’s House of Representatives, and Matthew Barrett, a Democrat, plan to introduce House Bill 404 [...]